Research in Sierra Leone offers insights into how to help voters elect better leaders, dampen ethnic rivalries, and strengthen democracy.
Market reactions to eurozone unification led to divergent labor productivity rates.
A novel tax-reform strategy in Europe reduces subsidies for taking on debt.
A macroeconomist says that despite the risks, long-term growth patterns should make you optimistic about the future.
New research by Ilan Guttman explores how information disclosure can affect financial panics.
A letter by Anat R. Admati and Neil M. Barofsky published by the Financial Times, March 8, 2012
Elections sometimes give policy makers incentives to pander to implement policies that voters think are in their best interest even though the policy maker knows they are not, says Professor Kenneth Shotts. In general, an effective media reduces this tendency to pander, "but there are some exceptions to this general rule."
The 2008 turmoil in world oil prices was not caused by an imbalance of supply and demand, argues Professor Kenneth Singleton of the Stanford Graduate School of Business. Instead there was an "economically and statistically significant effect of investor flows on futures prices."
Originally published by Thomson Reuters-GRC, June 14, 2011.