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What exactly is an exchange rate?

A more realistic version of how people “maximize utility”

We are coming up to the fifth anniversary of the Lehman crash in September 2008. How bad was it? Have we fixed the problems?

A showdown has taken place within Italy’s governing coalition.

The shortage of liquidity in the interbank market in China has sparked off a fear of “monetary famine.” This seems rather odd when the national savings rate is 50 per cent of GDP

It is all about promises to pay in the future.

On the occasion of the ASSA 2021 Virtual Annual Meeting (Jan. 3-5), Peter Bofinger presents a “10 Best of” Mankiw list

A little-understood rule in the tax code is making headlines. What’s all the fuss?

The SPD, the Social Democratic Party of Germany, has been collapsing in the popularity polls ever since they in 2003 launched the reform Agenda. What would have come of the party if it had not been for this insane rush to reform? Possibly Gerhard Schroeder could even still be chancellor today. A case for the time machine.

This research project examines the role of political and social unrest by analyzing their effects on bond and stock markets over the period 1900-2000.

This research project formulates a normative theory of learning both preferences and probabilities that explains a broad spectrum of economic behavior heretofore judged irrational.

The discussants will illuminate the findings and wisdom in Montek S. Ahluwalia’s book BackStage: The Story Behind India’s High Growth Years (2019) and then explore the challenges for the developing world and Asian geopolitics.

The latest austerity deal is terrible for Greece and Europe.

Apple should be returning profits to workers who have invested their time and effort into generating its products and to taxpayers who have funded the investments in the physical infrastructure and human knowledge so critical to Apple’s success.

Places hit hardest by austerity cuts were more likely to vote for UKIP and Leave