Working Papers

Does cyber risk exposure, as opposed to actual incidents, affect firm outcomes?

Antitrust econometrics relies on often-implausible assumptions

Despite the shock and the costs, the sanctions imposed on the Russian economy were in the nature of a gift.

A Balance-of-Payments Constrained Growth Perspective

On the dereliction of key US-based business corporations to take the lead in making the investments in organizational learning required to generate cutting-edge communication-infrastructure products.

If primary commodities and mid-to-high-tech manufacturing products are produced by industries with different wage shares, there are distributive implications of deepening trade integration with certain regions with respect to others.

The principal threat to economic stability currently is the overhang of debt, both private and public.

Increased hospital system consolidation in small Metropolitan Statistical Areas is adversely related to nurse wage growth.

Things are going to break and central banks are going to have to respond, but the mental frame that most people will be using is not well suited for understanding how the world now works

A critical reappraisal of the case in favor of monetary tightening pressed by inflation hawks is overdue.

The Consumer Welfare Standard is severely limited or defective, preventing it from being an appropriate standard for modern antitrust.

A Novel Account of Inflation Forecasts

Moving away from fossil fuels, towards a system with a far greater contribution from variable renewables, means that the current system is not fit for purpose.

Fears of ‘stagflation’ have come back to haunt macroeconomic policy makers all over the globe

Price Inflation, Marginal Cost Pricing, and Principles for Electricity Market Redesign in an Era of Low-Carbon Transition