In today's global village, every manager is a global manager. Even if your business is putatively 'local', with no sales abroad, you still probably face competitors in other countries. Smartonomics</strong> provides global managers with a simple, powerful set of macroeconomic tools, which have been...

Provides global managers with a simple, powerful set of macroeconomic tools that empower them to think independently, swim against the tide (when warranted) and, at times, enter markets when everyone else is abandoning them.

Many new technologies display long adoption lags, and this is often interpreted as evidence of frictions inconsistent with the standard neoclassical model. In this paper we study the diffusion of the tractor in American agriculture between 1910 and 1960 – a well known case of slow diffusion...

Industrial production output is generally correlated with the state of the economy. Nonetheless, during the times of economic downturn some industries take the biggest hit, while at the times of economic boom they reap most benefits. To provide insight into this phenomenon we map supply networks...

We discuss a simple model of intergenerational transfers with one-sided altruism: parents care about their child but the child does not reciprocate. Parents and children make investments in the child's education, investments for other purposes, and parents can transfer cash to their child. We...

Understanding whether the elderly are saving adequately is fundamental to understanding whether elderly households are able to maintain reasonable living standards. One factor that affects wealth accumulation is the extent to which parents need to support children and the extent to which...