Economania blog
Philippe Aghion and Peter Howitt transformed growth from a black box into a mechanism we can measure and steer; bridged macro theory with micro market structure; and then validated the bridge with credible evidence.
In a landmark move, the United States has passed a long-awaited law regulating stablecoins, signalling a turning point for digital assets pegged to the U.S. dollar. What if making stablecoins more stable on the surface makes them more fragile underneath?
Historically, the United States has been a central hub in science, attracting significant number of global talents, particularly from China. However, beginning around 2016, this long-standing flow of individuals and ideas has faced growing disruption. A recent study explains why.
Why do some businesses, despite needing a financial boost, hesitate to apply for loans? Research shows that the tone of central bankers’ speeches can be a crucial factor in influencing the sentiment of potential borrowers.
Climate change continues to pose one of the most significant challenges of our time, driving us to seek effective strategies to combat its adverse effects. Among these strategies, energy efficiency is a powerful weapon in our fight against carbon emissions.
Do editors and reviewers have strong preferences for statistically significant estimation results? To understand the motivation and the extent and sources of p-hacking for the published papers, we need to unpack the editorial process, especially the roles of authors, editors, and reviewers.
As a central question for academics, policy analysis, and financial practice, the causality between Main Street and Wall Street is controversial and still fiercely debated. Recent research identifies strong predictive ability of asset markets on future macroeconomic performance.
Despite a broad consensus on phasing out fossil fuels, some people still hesitate about the actual effect of transforming renewables on global warming. A new study argues that we should not blame the transformation. Instead, we should strengthen our determination and aim higher.
If someone asks what the fundamental driver of the 21st century global economy is, the broad consensus would be innovation in science, technology, and engineering. It seems math is at the core of every success. A recent study, however, finds that verbal skills are at least as important in career as math skills.
When considering hosting a significant event like the Olympic Game, countries should not be hasty. Otherwise, one may bite off more than one can chew. However, for a ready country that still hesitates over trivial issues, why not submit the bidding proposal. The Olympic Game can be a strong shot.