Economic

From my latest Bloomberg column: Why is the food so good? I have several overlapping hypotheses, most of them coming...

In economics and social sciences, understanding relationships between variables is essential to uncover patterns, make predictions, and guide decision-making. Econometric...

In econometrics, a common challenge is estimating causal relationships when one or more independent variables are endogenous. Endogeneity occurs when...

Deming, Ong and Summers have a good overview of long-run and very recent changes in the US labor market. Using...

Public expenditure management plays a pivotal role in shaping a nation’s socio-economic framework. Central to this process are capital expenditures...

Fiscal space refers to a government’s ability to increase spending or reduce taxes without jeopardizing fiscal sustainability or economic stability....

In every economy, fiscal policy serves as a guiding hand, influencing how resources are distributed and how the nation grows....

Donald Trump wants to create Freedom Cities. It’s a good idea. As I wrote in 2008, the Federal Government owns...

The fiscal multiplier is a fundamental concept in macroeconomic policy, measuring how changes in government spending or taxation affect overall...

When does it make sense to organize most of your urban activity on a (more or less) straight line? If...