Tag Archives: editorial

When Do Monetary Incentives Backfire?

In economics “incentives matter”, so much so that the bestselling book Freakonomics defines the discipline of economics as the study of incentives. Extrinsic incentives, like cash payments, are familiar forms of incentives and they are often proposed in order to motivate or alter the behavior of individuals. So, should students get financially rewarded for class attendance? Would a... Read More

Declining Expectations

The large increase in share sell-offs coupled with a troubled Chinese market have led to a global market downturn in recent months. Although most analysts had projected the markets to recover by the beginning of 2016, we instead saw a number of stock markets slip into correction territory. As a result, the global economy as a whole was negatively impacted, and recovery was forecasted to be Read More

A Territorial Fix for the Corporate Tax

After a decade of hefty profits, by summer 2012 Apple Inc. was sitting on $117 billion in cash, 23% of the entire company’s value. Yet despite no acquisition plans to justify the staggering figure, Apple long refused to return a single dollar back to its shareholders. By August intense pressure became intolerable, pushing the company finally to pay $2.5 billion in cash dividends, a mere two... Read More

Plugging the Biggest Tax Loophole

Have you ever wondered what you would do if it were your job to balance the federal budget? Raise tax rates on the rich? Cut discretionary and administrative spending? Alas, budget experts across the political spectrum agree that such measures, while overwhelmingly popular, will fail to slim our nation’s fiscal deficit considerably. Consequently, most schemes in Congress instead feature unpop... Read More

Editorial: The State of the Economy and Monetary Policy Solutions

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