Post-Corona balanced budget fiscal stimulus: The case for shifting taxes onto land
Land’s share in economies’ nonfinancial assets equals between 40% and 60%, and in the US currently equals over 50%. This constitutes a very large base...
How global risk perceptions affect economic growth
The relationship between financial risk and economic growth is complex. This column finds that perceptions of high risk unambiguously harm growth...
Why some nations’ labour markets did better during the pandemic
Leaving human capital out of policy discussions might lead to incorrect inferences about which measures were most successful during the pandemic...
The Development of Central Bank Digital Currency in China: An Analysis
The People’s Bank of China (PBOC) has launched an ambitious project to develop a digital currency for use in domestic, retail transactions, and is, by...
The new global tax deal arrives (but expect bumps ahead)
Nearly 140 countries have agreed to a new global tax deal, which was years in the making. Estonia, Hungary and Ireland, the last holdouts, joined the...
Simpler approaches to a global tax plan
More than 130 countries have lined up in favour of a global redesign of corporate taxes. The redesign calls for multinational giants to pay their...
Changing bankruptcy law has given firms time to adapt and recover
Bankruptcies are costly, but economists worry about keeping doomed firms alive. Simeon Djankov (LSE) argues that restructuring bankruptcy laws has...
Gendered laws curb Olympic success
Legal gender equality is key for female participation in the labour market. The association between women’s legal empowerment and success in sports is...
Why we don’t write more papers on political finance
Despite the commonly held views of economists on regulatory capture, our profession has been much more hesitant in recognising similar conflicts of...
Rebooting UK financial regulation for the post-Brexit world
Recognising the critical role that financial markets will play in the success of the UK’s post-Brexit economy, the Treasury is now engaged in a review...
Epidemic exposure, fintech adoption, and the digital divide
Although epidemics are frequently cited as inducing changes in economic behaviour and accelerating technological and behavioural trends, there may be...
Reducing the compliance costs of regulation
In much of the world, property sales are highly regulated and expensive. Using World Bank data, this column shows that while regulators and...
CEPS/ECMI Policy Brief – Why finalizing Basel III is good for the European banking sector
Basel III is an internationally agreed set of measures to strengthen the regulation, supervision and risk management of banks. Finalising the 2017...
Measuring human capital: Learning matters more than schooling
Human capital is a critical component of economic development. But the links between growth and human capital – when measured by years of schooling –...
SUERF Policy Brief – The way forward for EU-wide stress tests
EU-wide stress tests have constituted a very useful supervisory tool for increasing the resilience of the EU banking sector. This policy brief claims...
US business dynamism rises
Steep falls in entrepreneurial activity were recorded in early 2020 across G7 economies. In the US, however, the creation of US startups shot up by 24...
