Foreword
The financial crisis prompted financial supervisors to take a critical look at their own performance. The "toolkit" available to supervisors is considerably more varied than it was a few years ago.
Research
What Type of Crisis for India
In mid-1994, Rudiger Dornbusch and Alejandro Werner warned that Mexico was heading into a crisis. Few academic papers have been so prescient.
Make Airline Passengers Pay Higher Fees
Congress appears to have temporarily fixed the problem by allowing the Federal Aviation Administration to respond to sequestration more flexibly.
Debt, Growth and the Austerity Debate
May 2010, we published an academic paper, “Growth in a Time of Debt.” Its main finding, drawing on data from 44 countries over 200 years, was that in both rich and developing countries, high levels of
The End of the Line
As the old joke about economics examinations has it, the questions do not change – only the answers do.
Shrouded Costs of Government: The Political Economy of State and Local Public Pensions
Why are public-sector workers so heavily compensated with pensions and other non-pecuniary benefits?
Europe's Hair-Trigger Economy
Europe's economic situation is viewed with far less concern than was the case six, 12 or 18 months ago.
History Will Judge Bush on Iraq
This month marks the 10th anniversary of the controversial US-led invasion of Iraq. What has that decision wrought over the last decade?
Big-Project Binge Fueled Motor City’s Meltdown
When I hear free-spending national leaders call for more infrastructure investment, I think of Detroit’s absurd People Mover monorail gliding above empty streets. That’s unfair, I know.
Over-optimistic Official Forecasts and Fiscal Rules in the Eurozone
Eurozone members are supposedly constrained by the fiscal caps of the Stability and Growth Pact. Yet ever since the birth of the euro, members have postponed painful adjustment.
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