Populism is no longer considered a disease of the developing world. In recent decades it has spread throughout Europe and North America, while maintaining its grip in its historical stronghold, Latin America. It now represents the biggest threat to the survival of liberal democracy. Unlike...

Although the application of the conceptual and analytical framework of economics to the study of populism is still in its infancy, great advances have been made in recent years. This paper reviews some key contributions behind this progress. When analyzing populism, economists face two...

Populism is no longer considered a disease of the developing world. In recent decades it has spread throughout Europe and North America, while maintaining its grip in its historical stronghold, Latin America. It now represents the biggest threat to the survival of liberal democracy. Unlike...

Rising income inequality in the US and several European countries, particularly since the onset of the current global financial crisis, have triggered an intense political and intellectual debate. Reducing inequality is one of the biggest challenges facing modern capitalistic democracies....

We analyze a recent paper that claims that dollarizing an economy in the presence of a "dollar shortage" will provoke an immediate sharp reduction in real output and welfare. We find many problems with the model that supports this conclusion: confusion about the nature of a dollar shortage and...