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Blank Section (Placeholder)Analysis and CommentaryEconomy

Are Large Deficits And Debt Dangerous?

by Michael J. Boskinvia Analysis
Tuesday, February 11, 2020

The Traditional View (TV) of large deficits and debt is they have large economic costs, save in a recession and early recovery, because they crowd out investment and lower future income, and taken to extremes, can cause inflation and even a financial crisis.

Blank Section (Placeholder)Analysis and Commentary

Breaking Out Of The Democratic Slump

by Larry Diamondvia Analysis
Thursday, February 6, 2020

Since 2006, democracy in the world has been trending downward. A number of liberal democracies are becoming less liberal, and authoritarian regimes are developing more repressive tendencies. Democracies are dying at the hands of elected authoritarian populists who neuter or take over the institutions meant to constrain them. Changes in the international environment, as well as technological developments and growing inequality, have contributed to this democratic slump. 

Blank Section (Placeholder)Analysis and Commentary

The Fiscal Roots Of Inflation

by John H. Cochranevia Analysis
Thursday, February 6, 2020

Unexpected inflation devalues nominal government bonds. It must therefore correspond to a decline in expected future surpluses, or a rise in their discount rates, so that the real value of debt equals the present value of surpluses. I measure each component via a vector autoregression, in response to inflation, recession, surplus and discount rate shocks. Discount rates, rather than deficits, account for most inflation variation. 

Analysis and Commentary

Breaking Out Of The Democratic Slump

by Larry Diamondvia Journal of Democracy
Wednesday, January 22, 2020

Since 2006, democracy in the world has been trending downward. A number of liberal democracies are becoming less liberal, and authoritarian regimes are developing more repressive tendencies. Democracies are dying at the hands of elected authoritarian populists who neuter or take over the institutions meant to constrain them. Changes in the international environment, as well as technological developments and growing inequality, have contributed to this democratic slump. 

Analysis and Commentary

The Federal Funds Network And Monetary Policy Transmission: Evidence From The 2007–2009 Financial Crisis

by Daniel O. Beltran, Valentin Bolotnyy, Elizabeth Kleevia Science Direct
Tuesday, December 31, 2019

Using a network approach, we show how the federal funds market was transformed during the financial crisis through the collapse of the ABCP market in 2007, changes in monetary policy implementation, and an increase in counterparty credit risk.

Analysis and Commentary

Asset Prices And Unemployment Fluctuations

by Patrick J. Kehoe, Pierlauro Lopez, Virgiliu Midrigan, Elena Pastorinovia The National Bureau Of Economic Research
Tuesday, December 31, 2019

Recent critiques have demonstrated that existing attempts to account for the unemployment volatility puzzle of search models are inconsistent with the procylicality of the opportunity cost of employment, the cyclicality of wages, and the volatility of risk-free rates. 

Analysis and Commentary

Summer 2019 Supplement For 'Bradley, Deeks, & Goldsmith, Foreign Relations Law: Cases And Materials'

by Jack Goldsmithvia Lawfare
Monday, December 9, 2019

Here is the Summer 2019 Supplement for Bradley, Deeks, & Goldsmith, Foreign Relations Law: Cases and Materials (6th ed. 2017).

Analysis and Commentary

Data Security, Data Breaches, And Compliance

by Chirantan Chatterjee, D. Daniel Sokolvia SSRN
Sunday, November 17, 2019

This chapter explores the attributes of compliance in the context of data breaches. First, it identifies the sort of corporate governance problem that data breaches create. Then, it approaches the empirical work related to data breaches and to the organization of compliance-based responses in terms of risk assessment, training and compliance, both preemptively and after a breach.

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