Hidden Defaults
China’s lending boom to developing countries is morphing into defaults and debt distress.
Research
Employment Structure and the Rise of the Modern Tax System
This paper builds a new microdatabase that covers 100 countries at all income levels and long-run time series in the United States (1870–2010) and Mexico (1960–2010) to document how the modern tax sys
Macroeconomic risks after a decade of microeconomic turbulence
This study analyses the performance of macroeconomic policy in South Africa in 2007–2020 and outlines challenges for policy in the coming decade.
Rethinking How We Score Capital Gains Tax Reform
We argue the revenue potential from increasing tax rates on capital gains may be substantially greater than previously understood.
Infrastructure economics and policy: international perspectives
Sustainably built and funded infrastructure is indispensable to resilient, equitable, and livable communities and regions worldwide.
Tipping point dynamics in global land use
Agricultural land use has recently peaked, both globally and across country income groups, after centuries of expansion and intensification.
Tax Administration versus Tax Rates: Evidence from Corporate Taxation in Indonesia
We compare two approaches to increasing tax revenue: tax administration and tax rates.
Economic Interests, Worldviews, and Identities: Theory and Evidence on Ideational Politics
We distinguish between ideational and interest-based appeals to voters on the supply side of politics, and integrate the Keynes-Hayek perspective on the importance of ideas with the Stigler-Becker app
A Primer on Trade and Inequality
Economists have generally underplayed until recently globalization’s role in exacerbating inequality in the advanced economies.
Market expectations of a warming climate
We compare prices of financial derivatives whose payouts are based on future weather outcomes to CMIP5 climate model predictions as well as observed weather station data across eight cities in the US
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