Fifteen years ago, I explained that the bailout of Greece (by the IMF-EC-ECB “troika“) was a mistake because the net effect was a much bigger tax burden and no reduction in the spending burden. And I did the same thing five years ago and found the same (predictable) result. In ...
Martin and Rey (2000, 2004) develop a theoretical model that assumes that investors are risk averse, the number of financial assets is endogenous, assets are imperfect substitutes, and cross-border asset trade entails transactions costs. Under these assumptions, a reduction in international ...
In my efforts to promote economic liberty, I usually focus on real-world evidence. Sometimes this means looking at one policy (Norway’s wealth tax, for instance) and examining what happened (lots of rich peoplemoving to Switzerland). But often it means looking at overall economic freedom and...
People saw a considerable improvement in air quality, a reduction in CO2 emissions, and a decrease in pollution. Stats NZ also reported that greenhouse gases in New Zealand were reduced by 4.5% percent at the end of March 2022. This transformed customers’ consciousness, with many pre...
As various air transport declined during the global pandemic, the world witnessed a major reduction in carbon emissions and improvements in air quality. This led many consumers to become more environmentally conscious and opt for products and brands that promote sustainability. Hence, busin...
scale-up than during the pilot, but we found that economies of scale led to similar cost-effectiveness ratios for this outcome. We also found that formation of higher-level federations is associated with lower marginal costs than setting up SHGs. However, previous evidence suggests thatJeevikadid...
Thus, the study identified five recommendations to address the challenges (Table 4): effective negotiation with the donor during project preparation; considering the challenge during project planning and scheduling; an effective monitoring mechanism; a reduction of bureaucracy; and minimization of the ...
We document mental and social distress of children, adolescents and adults, using data on 3 million calls to German helplines between January 2019 and May 2022. High-frequency data from crisis helpline logs offer rich information on the evolution of “re
…with the pending passage of the Inflation Reduction Act, we may finally begin to turn the tide in a war only one side has been fighting…this is something all Americans should celebrate. …The bill contains nearly $80 billion for the Internal Revenue Service… With this bill, it would be...
Moreover, the relative investments in foreign stocks are strongly affected, with a reduction of the portfolio shares in individual foreign stocks moving from the 18%–36% range to the 0%–4% range. Table 3. Aggregate portfolio shares of U.S. investors with liquidity constraints. Empty CellNo...