Robert Litterman interview: Climate change, the financial crisis, and other high-risk problems

Douglas Clement September 17, 2019

“We don’t have 10 years to spare. We don’t have three years. This should have been done long ago. Carbon pricing is the only brake we have, and we’ve got to slam on it immediately.”

The cash of other nations

Douglas Clement September 11, 2019

To counteract excessive overseas borrowing by a nation’s citizens, vigilant central banks accumulate foreign reserves

Do cash transfers work?

Douglas Clement September 10, 2019

The benefits of a popular anti-poverty policy are less clear than often assumed

Progress on a persistent puzzle

Douglas Clement August 6, 2019

Why do exchange rates fluctuate as they do? Basic commodity prices may hold part of the answer to a long-standing mystery

William “Sandy” Darity Jr. interview: “If you think something’s the right thing to do, then you pursue it.”

Douglas Clement June 3, 2019

His recent focus has been on reparations for African Americans, but his scholarship spans decades and ranges from imperialism to psychology, from “price-specie flow” to rational expectations

Older but wiser, so less of a tax burden

Douglas Clement June 11, 2019

Increasing college attainment mitigates the labor tax cost of caring for an aging population

Interviews

Interview with Philip Jefferson

Douglas Clement September 12, 2018

Swarthmore economist on poverty, declining labor share, and the importance of racial diversity in economics

Interview with Marianne Bertrand

Douglas Clement June 19, 2018

University of Chicago economist on the glass ceiling, implications of growing inequality and the trouble with boys
More Interviews

Featured Articles

Sweat equity: Intangible, valuable, and tax-sensitive

Ashwini Sankar August 22, 2018

The value of a business owner’s time is substantial, according to new estimates, and highly sensitive to taxes

First Women in Macro Conference

Amy Phenix and Alyssa Augustine June 27, 2018

Three Minneapolis Fed economists on a groundbreaking meeting
More Articles

Research Digest

In the gig economy, reputation counts

Douglas Clement February 6, 2019

An online labor market yields important insights into worker reliance on employer reputation

Climate change: Uncertainty no excuse for inaction

Douglas Clement January 9, 2019

Forecasts are highly uncertain, and that argues for quicker, more aggressive policy intervention

Trading places

Douglas Clement September 26, 2018

Viewing location as an asset helps explain why people live in locales with poor prospects and argues for development policy that focuses on people, not places
More Research Digests

Economic Policy Papers

Reforming the European Monetary Union

V. V. Chari, Alessandro Dovis, and Patrick J. Kehoe May 8, 2017

The lack of policy commitment that led to the EMU also created its challenges. Addressing those challenges, not dissolving the Union, is the way forward

Container Imports and the Advantage of Size

Thomas J. Holmes and Ethan Singer March 20, 2017

Large retailers have used the scale economies of shipping containers to expand sales and imports

The Great Recession: A Macroeconomic Earthquake

Lawrence J. Christiano February 7, 2017

Why it happened, endured and wasn’t foreseen. And how it’s changing theory

Insuring Against Adverse Outcomes at Birth

Christopher Phelan December 1, 2016

Policy should focus on the insurance motives of parents

Innovation and Growth with Frictions

Randall Wright November 1, 2016

Monetary policy that provides sound banking and sound money can spur growth through innovation
More Economic Policy Papers