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Business & Economics

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  • 28 Feb 2024
    Lucio Picci

    We should “rethink corruption”

    Have we reached a plateau in our understanding of corruption? I believe so. It’s time to push the boundaries of this discourse, moving what is currently at the periphery of the debate to the forefront of our discussions. In my new book, I urge readers to challenge the prevailing notions of corruption that have dominated […]

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  • 9 Feb 2024
    David L. Weimer, Aidan R. Vining

    Dog Economics: Perspectives on Our Canine Relationships

    We share the fondness many people have for dogs. In the United States, approximately half of households express their fondness by opening their doors, and most often their hearts, to dogs. Indeed, a majority of these households views dogs as family members. Dogs are thus not only commodities traded in markets but also cherished household […]

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  • 1 Feb 2024
    Grégory Claeys, Marie Le Mouel, Guntram B. Wolff, Georg Zachmann, Simone Tagliapietra

    The Macroeconomics of Decarbonisation

    Scientific evidence is clear: human activities have released enough greenhouse gases (GHG) into the atmosphere to have already altered the climate, with already strong effects on ecosystems, societies and economies. On current emissions paths, climate change is set to become dramatically worse. To limit global warming, and hence avoid the worst-case scenarios predicted by climate […]

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  • 25 Jan 2024
    Dieter Helm

    Legacy: How to Build the Sustainable Economy

    Almost everyone agrees we are on an unsustainable path. Disputes are about just how unsustainable that path is. What few people grasp is the obvious implication: what is unsustainable will not be sustained. We can either get ourselves onto the sustainable path now, or we can be forced back to it as the impacts on […]

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  • 7 Dec 2023
    Riccardo Rebonato

    How To Think About Climate Change

    Open-minded citizens who are concerned about the potential impact of global warming on their lives, and on those of their children, are bombarded  with wildly discordant information and recommendations. Perhaps few still doubt whether global temperatures are indeed increasing, but, beyond this minimal level of agreement, there remain conflicting, and often strident, views about virtually […]

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  • 13 Oct 2023
    Jori P. Kalkman

    At the frontlines of crises: How responders resolve dilemmas in the face of chaos

    Imagine a crash site. Emergency services rush to the scene of the incident and begin to help. Firefighters, paramedics and police officers are bound to face a number of dilemmas as they carry out their activities. They have operational procedures in place for a range of emergencies, but every situation is unique, so do they […]

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  • 4 Oct 2023
    Finn Tarp, Ines A. Ferreira

    How institutions matter in Mozambique

    Launched in 2015 and completed in 2022, the Institutional Diagnostic Project aimed at identifying institutional factors that affect development, reforms that may help address existing institutional constraints, and factors that can preclude or enable these reforms. Using the motto ‘institutions matter’ as a starting point, the project sought to establish how institutions matter and to […]

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  • 3 Oct 2023
    Peter Skott

    Structuralist and behavioral macroeconomics

    The research program that has dominated macroeconomic theory since the 1980s achieved its hegemony mainly because of its methodological claims of having ‘solid microeconomic foundations’. The core models of new Keynesian macroeconomics are based on intertemporal optimization by representative households, a ‘forward looking’ Phillips curve with nominal price stickiness and staggered priced setting, and rational […]

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