Advances in artificial intelligence and automation have the potential to be labor-saving and to increase inequality and poverty around the globe. They also give rise to winner-takes-all dynamics that advantage highly skilled individuals and countries that are at the forefront of technological...

Success in development over the past half-century was based on manufacturing-led export growth. Because the share of global employment in manufacturing will decline, manufacturing won't play the same role in the coming decades. An increase in manufacturing employment won't suffice to meet the...

In this paper we propose an Open Economy Financial Accelerator model along the lines of Greenwald-Stiglitz (1993) close in spirit but different in many respects from the one proposed by Greenwald (1998.) The first goal of the paper is to provide a taxonomy of the effects of a devaluation in this...

Wieder ein imponierend faktenreiches, problemorientiertes Werk nach "Die roaring nineties" (BA 3/04) und "Die Schatten der Globalisierung" (BA 7/02) des Wirtschaftsnobelpreisträgers. Globalisierungsdebatte und die Einschätzungen des Autors haben sich nach dem 11.9.2001 und den folgenden...