effect on the working capital positions of UK firms and this, in turn, is likely to have affected the United Kingdom's supply … paper we first document the behaviour of working capital in the United Kingdom. In order to understand the effects of … working capital on macroeconomic variables, we then solve and calibrate a DSGE model that introduces an explicit role for the …

Thomas Piketty’s Capital in the Twenty-First Century is the most widely discussed work of economics in recent history … Capital’s phenomenal success, followed by the published reviews of Nobel laureates Paul Krugman and Robert Solow. The rest of … ask whether Piketty said enough about power, slavery, and the complex nature of capital. Laura Tyson and Michael Spence …