We argue that economics – as the scientific method of analyzing trade-offs – can be helpful (and may even be indispensable) for assessing the trade-off between intergenerational and intragenerational justice. Economic analysis can delineate the “opportunity set” of politics with respect...

A key challenge for a future climate change agreement is allocating emissions targets for individual developed countries that are perceived as equitable given differing national circumstances. Many economics-based frameworks for evaluating future targets use as a key criterion for individual...

This paper evaluates the Housing Choice Voucher Program of the U.S. Department of Housing and Urban Development (HUD) and provides a report card on its performance. The program is evaluated, within a welfare economics framework, based on its success in meeting the objectives of promoting...

Mandatory restrictions in employment law, designed to promote the welfare of workers, are debated fiercely. Proponents argue that they protect workers. Opponents believe that they spawn inefficiency and harm workers. Yet all agree that their welfare implications depend on their degree of...

This research study summarises the effects of corruption in Brazil and its effects on the economic growth of the country, both on the governmental and corporate level. By making use of the theoretical approach of Pak Hung Mo and his model of the economic growth which takes into consideration...

The paper considered selected publications of scholars and harnessed their perspectives on the impact of immigration on Nigerian economy. The findings show that immigration is traceable to presence of factor endowment such as crude oil and insufficient manpower in some areas like technology,...

Due to the COVID-19 pandemic and its accompanying 'lockdowns', Global economic growth will be nil or negative for some time to come. Due to large scale quarantine measures, economic activity that entails social gatherings or presence of crowds is also no longer possible or encouraged. This paper...

This book is divided into nine chapters. The main objective of this book is to evaluate different challenges and lessons from COVID-19 from an economic point of view. The main aim is to propose “COVIDECONOMICS” is to assess the impact of COVID-19 economically under the use of new analytical...

This paper investigates how government bond purchases affect leverage-constrained banks and non-financial firms by utilising a stochastic general equilibrium model. My results indicate that government bond purchases not only reduce non-financial firms' borrowing costs, amplified through a...

Under ordinary circumstances, the fiscal implications of central bank policies tend to be seen as relatively minor and escape close scrutiny. The global financial crisis of 2008, however, demanded an extraordinary response by central banks which brought to light the immense power of central bank...