Laurent Belsie is the Economics Editor of The Christian Science Monitor.
German corporations with labor representation at the board level tend to accumulate more capital than their counterparts. This finding rejects the view that labor representatives "hold up...
The long decline of real interest rates in developed nations is one of the central macroeconomic trends of the last half-century. Łukasz Rachel and Lawrence H. Summers present new evidenc...
Without deployment of forward guidance and asset purchases by the Federal Reserve, recovery from the Great Recession would have been slower.
Uncertainty is associated with reduced investment and lower productivity, with particularly large effects at highly productive firms most exposed to EU trade.
Almost all owners of foreign bonds hold that debt in their own currencies, rather than in the currency of the nation where the debt was issued. This home currency bias is so strong that, ...
Lowering of the minimum claiming age in 1961 reduced average monthly income and increased the poverty rate in old age for male-headed households.
Nation- and industry-specific barriers keep resources from flowing to the most efficient firms in the European Union. Their complete elimination could boost EU GDP by almost one-third.
An increase in the weight of options in the CEO's compensation package is associated with an increase in stock price volatility, largely because of greater firm leverage.
Contract workers more than doubled, to 3.1 percent of the workforce, in the decade ending in 2015, while independent contractors rose 1.5 percent. The alternative workforce — temp, on-ca...
Faced with economic contraction, deflation, and tanking markets, the Federal Reserve resorted to unorthodox means to lower interest rates and pump liquidity into the market.
The effect of foreign aid on growth is the subject of ongoing debate. It is difficult to determine the effect of aid on growth when aid is an integral part of an economy; there are few "e...
Prompt patent approvals are associated with greater job and sales growth and higher investor returns at startup firms, Joan Farre-Mensa, Deepak Hegde, and Alexander Ljungqvist find in The...
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