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Harnessing FDI in Africa
Professor John Sutton from the London School of Economics discusses how African countries can attract foreign direct investment (FDI) and why it's crucial for creating jobs. Professor Sutton has...
Stiglitz on Seven Reforms to Save the Euro
In his new book on the structural problems undermining the European single currency project, US economist and Nobel prize winner Joseph Stiglitz argues that a number of reforms are needed in order...
Can Africa sustain progress in cutting extreme poverty?
The global macroeconomic headwinds have moved against many sub Saharan African commodity exporters in the last few years as the terms of trade have deteriorated following a fall in world prices....
New evidence on financial cycles
Financial cycles are long – on average twice the length of business cycles. At the same time, there is substantial heterogeneity of national cycles across G-7 countries, ranging from very similar...
During the 1980s, US wage inequality increased sharply while college education expanded strikingly. Are these two historical episodes unrelated? A new study by Theodore Koutmeridis, presented at...
How donations to charity can increase business profits
Firms can earn significantly higher profits when they tie sales of their products with a donation of 5% of their gross revenues to charity. That is the central finding of experimental research by...
Roughly a quarter of the difference between Germany and Spain’s employment rates is the result of different preferences for working in the two countries. That is the central finding of research by...
New evidence on labour market hysteresis
The longer you're unemployed, the less likely you are to find a job.
Globalisation's discontents
New survey evidence that the low skilled in rich countries and the high skilled in poor countries have most negative attitudes to multinationals
The Hartz Reforms and the German Economic Miracle
Labour market reforms that reduced unemployment benefits, improved public job intermediation and relaxed regulations on temporary help agencies or marginal employment have been key to the German...
Professional football teams struggling against relegation are much more likely to get the result they need on the last day of the season in countries with higher levels of corruption. For example,...
Famine and the Savings Ratio - Evidence from China
The experience of the Great Famine of 1959-61 is an important part of the explanation for the strikingly high level of household savings in China today. That is one of the findings of research on...
Brexit and Income Inequality
Wage inequality was partly behind the vote for Brexit. In this short video, Brian Bell argues that the costs of Brexit should be evaluated in terms of income distribution.
Commercial banks and capital requirements
What are capital requirements, and can they prevent future crises? This short video features Professor David Miles.
Economics After Brexit - Immigration and the Single Market
Free movement of workers within the EU is an essential principle of the EU. In this video, Jonathan Portes discusses the possible impact of Brexit on UK immigration.
Natural resource driven growth reaching limits in Chile
The natural resource-based economic model is starting to show its limits says a new review of the Chilean economy published by the OECD. And Chile must implement measures to stem environmental...
Maximum sustainable debt
Here is a new concept to me but one relevant to year 2 macroeconomic debates about the scale of sovereign debt owed by developed and developing countries.
What is China's New Silk Road?
China has launched a new One Belt One Road strategy (known as OBOR). The stated goal of this strategy is to “promote economic prosperity of the countries along the Belt and Road and regional...
Product Differentiation at Rosa Brothers Milk Company
Three Economics Professors from California head on a road-trip to look at how milk farmers are using product differentiation to achieve commercial viability in a market where the state of...
GREXIT: is it still possible?
After three emergency bailouts and the biggest debt restructuring in history, Greece was nearly at the verge of leaving the EMU.