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China's Overseas Lending

Compared with China’s dominance in world trade, its expanding role in global finance is poorly documented and understood.

When Your Job Is Your Identity, Professional Failure Hurts More

Jake is three and he is tired. He wants to be picked up and held. “It’s okay sweetie,” his mom, Kate, sings as she reaches down to pick him up.

First-Price Auctions with Budget Constraints

Consider a first-price, sealed-bid auction with interdependent valuations and private budget constraints.

Should the Fed Be Constrained?

Book Review: Gert Crum and Jan Bartelsman: Le Domaine de la Romanée-Conti

When I first opened the package containing this massive volume about the fabled Domaine de la Romané-Conti (known by oeneophiles around the world as DRC), my first thought was the episode of Seinfeld,

The Currency-Plus-Commodity Basket: A Proposal for Exchange Rates in Oil-Exporting Countries to Accommodate Trade Shocks Automatically?

The paper proposes an exchange rate regime for oil-exporting countries. The goal is to achieve the best of both flexible and fixed exchange rates.

Economic and Political Consequences of Trade-Induced Manufacturing Decline

Globalization has expanded economic opportunities throughout the world, but it has also left many people feeling dispossessed, disenfranchised, and angry.

Thunder Versus Lightning: A Performance and Cost Analysis of the A-10 “Warthog” Versus the F-35 Joint Strike Fighter

For decades, the U.S. Air Force has contemplated replacing the A-10 Thunderbolt II “Warthog” with a newer fighter aircraft.

Public Value: Deepening, Enriching, and Broadening the Theory and Practice

Over the last 10 years, the concept of value has emerged in both business and public life as part of an important process of measuring, benchmarking, and assuring the resources we invest and the outco

A Perfectly Robust Approach to Multiperiod Matching Problems

Many two-sided matching situations involve multiperiod interaction.