Good Policy or Good Luck? Why Inflation Fell Without a Recession
A major factor in the decline of inflation is the simple fact that America’s workers were, in general, unable to raise their nominal wages in line with the rise in the cost of living
The Fed and the “Soft Landing” - Policy or Luck?
The biggest factor in accounting for the strength in the economy is the continuing importance of the wealth effect in sustaining consumption by the affluent.
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Inside the Loan Shark Economy
Trust, Risk, and Relationships
Setting Pharmaceutical Drug Prices: What the Medicare Negotiators Need to Know About Innovation and Financialization
Medicare negotiators need to have a deep understanding - both theoretical and empirical - of the learning processes involved in developing a drug to negotiate a price that is fair.
What Is a “Fair” Drug Price?
Medicare Needs a Perspective on “Collective and Cumulative Learning” in Inflation Reduction Act Negotiations
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Elon Musk and Tesla Shape America’s Future. But Problems Run Deeper Than Tweets.
The financialization of U.S. firms making critical products endangers both American global leadership and, in Tesla’s case, climate change progress.
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Consumer demand for central bank digital currency as a means of payment
What factors could drive transactional demand for central bank digital currency (CBDC)? We analyse payment survey data to arrive at a framework for understanding the role of adoption frictions and design strategies in shaping CBDC demand. The results of our analysis show that, while consumers may initially prefer to use more traditional payment methods, a design tailored to their specific needs could significantly increase CBDC uptake. Raising awareness and capitalising on network effects could also boost demand for CBDC.
Closing the Racial Wealth Gap
Bringing together 150 years of data, Ellora Derenoncourt is shedding new light on our understanding of the historical roots and persistent challenges of the U.S. racial wealth gap. This new picture highlights the scale of policies needed to achieve economic equality.
Tesla as a Global Competitor: Strategic Control in the EV Transition
As the “Technoking” of Tesla strategizes to maintain his control over the company’s decision-making, anyone concerned with the role that Tesla will play in the evolving EV transition should be asking how CEO Musk might use, or abuse, his powerful position.
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