October 14th, 2015
On Monday, October 12, Princeton Professor Angus Deaton was awarded the Nobel Prize in Economics for his “analysis of consumption, poverty and welfare.” As the Royal Swedish Academy of Sciences stated in its announcement, “to design economic policy that promotes welfare and reduces poverty, we must first understand individual consumption choices. More than anyone else, Angus Deaton has enhanced this understanding.”
December 1st, 2015
In a nod to the prominence of the “tax the rich” talk in the already tedious 2016 presidential campaign, we decided to use this Commentary to examine key issues regarding the high end of the income spectrum.
November 23rd, 2015
The global analytical community shows a striking lack of curiosity about the sustained period of subpar economic performance, reacting with shoulder-shrug references to the “new normal.” Global growth has remained stuck at around 3.3 percent since 2011 when it just breached 4 percent. The IMF forecast of 3.6 percent growth in 2016 would represent an improvement but would also extend what has been the most prolonged period of subpar global growth since the early 1990s.