President Donald Trump signed the Tax Cuts and Jobs Act on Friday, December 22nd. The Economist describes this as “America’s first significant tax reform since 1986.” The bill passed the House of Representatives with... Read More
Following the neoliberal reforms of the early 1990s, the Indian economy has consistently witnessed impressive GDP growth rates. The last-half century of the colonial rule—the notorious ‘British Raj’—generated an almost zero-growth economy, grinding poverty levels for the population, a stagnant agrarian setting, and a highly uneven industrial base. Once the British Raj was over, the post... Read More
Food choice has become a major political battleground in the public health fight against obesity. Since the 1970s, the prevalence of obesity and overweight have both increased dramatically. Though rates are now relatively steady, the NIH reports that more than two-thirds of American adults and about one-third of children are overweight. The first shots across the bow, as it were, in the fight a... Read More
Since its conception as an art form in 15th century Italy, ballet has grown to encompass a prominent sector of the performance industry, while acquiring a rapidly growing presence in popular media. The New York City Ballet, one of the most elite ballet companies in the world, hosts an annual Fall Gala that is one of the most high-profile, anticipated performing arts events of the year attended ... Read More
Every story begins with a new chapter and on June 19, 2013 began one such story. This was the story of an impending economic collapse— that of the emerging markets (EMs). The press conference then Fed Chairman Ben Bernanke held that day will forever be etched in our memories for it caused ripples, albeit financial, across the world.
However, what were ripples in the west ... Read More
Jeb Bush served as the 43rd Governor of Florida from 1999-2007. He is the second son of former President George H. W. Bush and the younger brother of former President George W. Bush. Originally shared at the Foundation for Excellence in Education’s 2013 National Summit on Education in Boston on October 17, 2013.
As adults, we are responsible for the educational s... Read More
This editorial is written by Justin Scott Katiraei, Ben Sprung-Keyser, Andreas Schaab, Eugene Wang, Asfandyar Nadeem, and Bob Wu. While serving as Co-Editor-in-Chief of this publication, Katiraei also works with his co-authors to represent the Harvard Economics Department at the Federal Reserve. Katiraei, Sprung-Keyser, and Schaab have been together ranked by the Federal Reserve System as F... Read More
Julian Jamison outlines why we vote, questions whether everyone should, and proposes ways to incentivize informed voting.
One of the classic problems in political economy (i.e. studying political science with the eye of an economist) is the paradox of voting: given the extremely insignificant chance that any individual vote will make the difference between one side’s winning... Read More
Charles Calomiris considers the challenges and social costs of bank capital requirements. He proposes that contingent convertible bonds (CoCos) and cash requirements supplement traditional capital requirements to produce stronger, market-based incentives for banks to monitor their risks properly and thereby reduce the likelihood of future crises.
One of the central lessons of th... Read More