In October 1992, the United States Senate ratified the UN Framework Convention on Climate Change (UNFCCC), the global treaty to stop human-induced global warming, which became enforceable two years later. Yet for the quarter century since then, the US Congress has failed to pass a single major piece of legislation
Economist Joseph Stiglitz wrote a piece for Project Syndicate on the growing problem of market concentration, which allows dominant firms to hold power to the detriment of customers and employees alike. He argues market power concentration must be addressed in order to remedy the problems of low growth and high
The president’s immigration policies are appalling in almost every aspect. And yet they may not be the worst feature of his administration. Indeed, identifying its foulest aspects has become a popular American parlour game. Yes, he has called immigrants criminals, rapists and animals. But what about his deep misogyny or
Economist and University Professor Jagdish Bhagwati was interviewed in the NY Times where he discussed how various indexes (such as the Crane Index or Buttered Popcorn Index) can serve as economic indicators in various sectors.
Jeffrey Sachs, a professor at Columbia University who backed Sanders in the 2016 presidential election, said these policies could be financed in part through higher taxes on the middle class. He pointed to the example set by America’s peer nations in Europe and argued the United States is the outlier
The U.S. economy has been a bright spot among advanced economies over the past year, partly thanks to higher corporate investment that followed Trump's tax cuts. But such an effect will only last for another two years at the maximum, said Edmund Phelps, a professor at Columbia University.
The towering cranes that rise above development sites can be a useful financial indicator, like consumer confidence polls or housing starts, according to Rider Levett Bucknall, a construction consulting firm that uses the equipment as the basis for its RLB Crane Index.…Jagdish N. Bhagwati, a professor of economics at Columbia,
The Banque de France and the Toulouse School of Economics Prize in Monetary Economics and Finance 2019 was Awarded to Michael Woodford
These prizes, granted annually, distinguish academic researchers who have developed central concepts to improve our understanding of Monetary Economics and Finance. The aim of the prizes is to foster conceptual progress that will eventually allow the design and implementation of improved policies by central banks.