Recent increases in Iowa farmland values and the turbulence in the stock market have resurrected a perennial question. Which is a better investment - the stock market or farmland?[...]

[...]In this article, we analyze the effects of September 11 on thelonger run prospects for the New York City economy. We findthat, on the one hand, several downside risks to the city’sgrowth outlook have arisen. In a worst-case scenario, theconcentration of the attack on Lower Manhattan has...

This article, based on two books (Barr and Diamond 2008, forthcoming), sets out a series of principles for pension design rooted in economic theory: pension systems have multiple objectives, analysis should consider the pension system as a whole, analysis should be framed in a second-best...

...In this paper, we tackle all these difficulties by conducting a full geomatrical analysis of the comparative statics of general models...