How do pandemics affect for-profit and not-for-profit organizations differently? To address this question, we analyze optimal lockdowns in a two-sector continuous-time individual-based mean-field epidemiological model. We uncover a unique solution that depends on network structure, lockdown...

What policy space does a country have for a short-term response to a catastrophic event? To quantify this space, the paper proposes a policy space index. The index combines a quantitative, albeit relatively limited and narrow, fiscal space concept with the indicators of nominal monetary space...

I report reduced form empirical estimates of revealed partisan preferences over several important medical, economic, and environmental factors relied on by policymakers to inform decisions to relax or extend lockdown restrictions during the COVID-19 pandemic. Republican governors in America were...

President Biden signed a $1.9 trillion COVID relief package (the “American Rescue Plan”) on March 11, 2021. Without a corresponding increase in taxes, this plan has set off alarm bells for those concerned about the expansion of government deficits and debt. Mainstream economists have raised...

This paper analyzes the causes of the sovereign debt crisis in the eurozone and examines the policy alternatives confronting euro area governments. It suggests that pooling fiscal risks, creating an EU Treasury and issuing jointly-backed euro bonds is an optimal solution and the inevitable...

The paper presents the main features of the new macroeconomic imbalances procedure (MIP) as well as the MIP scoreboard for the surveillance of macroeconomic imbalances. The main issues under review are the relevance to use the MIP scoreboard as a tool to assess the vulnerabilities and imbalances...

The theory and practice of sustainable development has to be based on the compatibility of quality provision policies for the results of human activity, on environmental protection policies, on drawing-up a business charter within the vision of sustainable development. Sustainable development...

The paper presents the main features of the new macroeconomic imbalances procedure (MIP) as well as the MIP scoreboard for the surveillance of macroeconomic imbalances. The main issues under review are the relevance to use the MIP scoreboard as a tool to assess the vulnerabilities and imbalances...

This paper studies the process that led to the Argentine crisis. The analysis concentrates on the sequence of public and private decisions, together with the varying perceptions and policy incentives that motivated them. In the 1990s, Argentina searched for a new growth trend. During much of the...