Economic Logic

What is the impact of a decrease of house prices on consumption? If you go by the wealth hypothesis, one should see that home owners would r...

It is not secret to regular readers that I am no friend of Elsevier. It is engaging in unethical behavior (exhibits I and II ), it is abusi...

Forecasting price movements on asset markets is very difficult, especially at high frequencies. This is also true for exchange rates, where ...

A typical war has a large impact on demographics. People die, mostly men. Fewer people are born, because men a missing, both because they ar...

For every big sports event, there are two types of economic studies that make the news: the ones about the economic impact, which essentiall...

Women have few rights in poor economies. They enjoy much more rights in rich economies. There is no doubt the correlation is positive, but w...

The recent publication by Greece of the names of the most notorious tax cheat is the latest event in a recent trend by tax authorities acros...

When we mention majority voting, we think about the rule of the median voter and how majorities can oppress minorities. There are plenty of ...

As Jim Heckman and consorts have much emphasized, schooling and labor market outcomes are determined to a large extend very early in life, b...

We use national account data without realizing the efforts that lie behind the construction of these account. And frankly, it is sometimes l...

The American health care system has his fair share of problems, a prominent one being health insurance. One particularly frustrating one is ...

Many are now claiming that public debt is much too high and that serious austerity measures are absolutely necessary to keep them in check a...

I have sometimes expressed here my frustration over the disconnection between research and reality. The scientific process is about trying t...

Until it became too easy to find research papers on the Internet, the norm in academic publishing was to subject any journal submission to a...

In the face of pollution externalities, there is no doubt that carbon taxes are the best solution . What is more tricky is to establish the ...