Economics

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In-house or outsourced public services?

UCL Institute of Education

Nicola Pensiero analyses the relationship between government spending and the distribution of private income between capital and labour. Nicola Pensiero is a quantitative […]

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The WTO Matters Strongly (Over Time) But Unevenly (Across Space)

INSEAD

Economics Social Sciences

In an atmosphere of rising hostility towards trade many have reassured themselves that multilateral trade liberalisation via WTO is still […]

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Democracy and Policy Stability

INSEAD

Economics Social Sciences

Pushan Dutt discusses the strong negative link between democracy and output volatility documented by Rodrik (2000) and others stands in […]

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Consumption Response to Aggregate Shocks and the Role of Leverage

Bank of England

Economics Social Sciences

May Rostom investigates the relationship between mortgage leverage and consumption around the 2008 ﬁnancial crisis. She identifies that the reduction in […]

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Advertising’s Elusive Economic Rationale: Public Policy and Taxation

SOAS University of London

Economics Social Sciences

Advertising and its effects have been debated for well over a century. In the last few decades a generally sceptical […]

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From Marx to the Keynesian revolution: the key role of finance

SOAS University of London

Economics Social Sciences

The Companies Acts of the 1860s initiated a major structural transformation in capitalism. This was noted, but not developed into […]

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Multilateralism and military Keynesianism: Completing the analysis

SOAS University of London

Economics Social Sciences

Kalecki’s analysis of military Keynesianism highlights the difficulties of managing aggregate demand in one country, without coordination with trading partners. […]

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A Kalecki Fable on Debt and the Monetary Transmission Mechanism

SOAS University of London

Business Professional

Kalecki explained debt resolution by means of a fable about monetary circulation between mutually indebted individuals. Jan Toporowski explains the […]

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Misallocation or Mismeasurement?

Stanford University

Economics Social Sciences

Revenue per unit of inputs differs greatly across plants within countries such as the U.S. and India. Such gaps may […]

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Microeconomic Evidence on Price-Setting

Stanford University

Economics Social Sciences

The last decade has seen a burst of micro price studies. Many studies analyze data underlying national CPIs and PPIs. […]

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