Dale Jorgenson predicts that in the coming decade the growth of the world economy will decline by less than a quarter of a percentage point, that the role of the U.S. in the world economy will continue to decline in relative terms, and that the growth in China and India will slow but remain relatively higher than that of the G7.
As the world economy recovers from the Great Reces... Read More
Anush Kapadia renders calls for a closer European union infeasible and instead proposes that long term institutional creditors replace short term bond markets in funding sovereign debt.
While the European crisis calls into question the democratic legitimacy of the European project, it has brought to the fore a concern that afflicts many parts of the world at present, namely the ... Read More
James Robinson revisits post-Depression United States, Sweden, and Latin America in order to understand how the recent financial crisis might affect the long-term policy and institutions of developing nations. He outlines how optimistic, pessimistic, and neutral scenarios all might very well play out in Africa but concludes that the most plausible outcome is one of no change in the current ... Read More
Yueran Ma shares her perspectives on Occupy Harvard and income distribution. She calls upon Harvard College students to consider the social outcomes of their various career choices.
Three days before Christmas, when almost everyone had returned home for the Holidays, the Harvard community eventually received the long-awaited notice that the Occupy Harvard protestors had remove... Read More
Grant Wonders makes the case for the imminent collapse of the euro currency. He calls for quantitative easing and the restructuring of Greek debt in order to save it.
From the window where I currently write, I can see the tip of the Reichstag dome that looms over the grey sky of Berlin. The sleek modern glass enclosure offers a skylight into the chamber of the Bundestag parliam... Read More
Sebnem Kalemli-Ozcan and Elias Papaioannou explain that when shocks are primarily in productivity, a higher degree of banking integration results in a lower degree of business cycle synchronization, but when banks suffer an exogenous shortfall in their revenues, economic activity compresses in financially integrated countries through higher interest rates.
While many commentator... Read More