A salient perspective to the global net zero emission aspiration that has yet received sparse attention is the unabating conventional energy reserves to production ratio. Considering the both the energy and energy-related emission profiles of the United States, this study considers the outlook...

If innovation is necessary to tackle the huge economic, political, and social challenges facing society, then entrepreneurship is needed to drive innovation. Both Germany and the US are not only among the most innovative, but also among the most entrepreneurially active countries in the world....

The Fed has taken several steps towards strengthening its monetary framework over the past several years. Those steps have supported the Fed’s efforts to stimulate the economy through forward guidance despite being constrained by having policy rates at zero. We show that an optimal control...