Working Papers

As the “Technoking” of Tesla strategizes to maintain his control over the company’s decision-making, anyone concerned with the role that Tesla will play in the evolving EV transition should be asking how CEO Musk might use, or abuse, his powerful position.

By 1812 the U.S. already had more business corporations than any other country, and possibly more than all other countries put together, securing its role as the world’s first “corporation nation.”

Sensitivity of investment and valuation to drug price indices and market conditions

The concentration of innovation in a handful of urban centers engenders large and persistent regional disparities in economic opportunity.

The current paper returns to the key questions of wages and incomes and how wealth effects cripple reliance on interest rates to control inflation.

How convincing is the model analysis by Bernanke and Blanchard? How empirically relevant are their mechanisms causing inflation – and how robust and plausible are their econometric findings?

The empirical analysis of public sector investments and the health value created by the drugs selected for Medicare price negotiations provides a cost basis for the assessment of the maximum fair price.

It is not just all about banking system liquidity

Read in the context of his time, Bagehot’s book Lombard Street appears as an attempt above all to reveal the dynamic of globalization when global money was sterling.

Research on labor market experience does not explain the link between the volatility low-wage workers encounter and their earnings and it leaves open numerous pressing questions, such as what, if anything, can be done to reduce racial and ethnic differences in economic well-being.

Examining the crucial role of poverty and inequality in shaping household indebtedness.

The re-emergence of inflation threw the ‘science of monetary policy’ off the rails. Do the new tweaks to the theory work?

Creating the post-2008 global safety net for mega-banks

By permitting business definitions of “efficiency” to leak over into the antitrust lexicon, antitrust scholars have done a great disservice

Monetary policy should be guided much more by financial sector developments and much less by near-term targets for inflation.