Riccardo Puglisi, James Snyder, 01 September 2011

Is the US media biased? According to a controversial new book, it is – and, perhaps surprisingly, to the left. This column takes a different analytical approach and argues that the press is actually much closer to the average voter’s sentiments than we might think. Might all these claims that the media is biased in one direction or the other be adding a whole new set of distortions?

Robert J. Gordon, 22 August 2011

The US is missing millions of jobs. This column argues that the total is 10.4 million. It claims that 3 million of these can be traced to the weakened bargaining position of labour and the growing assertiveness of management in slashing costs to maintain share prices. Moreover, this employment gap is not shrinking because of the ‘double hangover’ effect—an excess housing supply and besieged consumers unwilling to spend.

John Muellbauer, Keiko Murata, 21 August 2011

The global crisis of 2008-2009 has refocused attention on the lessons of Japan’s lost decade, with many suggesting that Europe and the US are heading the same direction. This makes a thorough understanding of the Japanese case an urgent matter. But this column argues that pushing the analogies too far is a mistake that could prolong the economic pain.

Erik Hurst, Loukas Karabarbounis, Mark Aguiar, 17 August 2011

When jobs are scarce, what else is there to do? This column looks at data from the American Time Use Survey (ATUS) and finds that roughly 30% to 40% of time not spent working is put towards increased “home” production, 30% of time is allocated to increased sleep time and increased television watching, while other leisure activities make up a further 20% of the foregone market work hours.

David Neumark, Hans Johnson, Marisol Cuellar Mejia, 14 August 2011

The impending retirement of the baby-boom cohort represents the first time in the history of the US that such a large and well-educated group of workers will exit the labour force. Despite the gloomy outlook of recent research, this column suggests there is little likelihood of large-scale skill shortages emerging by the end of this decade.

Deniz Igan, Prachi Mishra, 11 August 2011

Did anti-regulation lobbying fuel the subprime crisis? This column shows that there is a strong relationship between financial industry lobbying and favourable financial regulation legislation. It argues that the financial industry fought, and defeated, measures that might have curbed some of the reckless lending practices that many think played a pivotal role in igniting the crisis.

Heleen Mees, 08 August 2011

As fears mount of another phase in the global crisis, this column points out that despite the growing uncertainty, US Treasury and German Bund yields have actually declined in recent weeks. The reason, it argues, is the global saving glut theory.

Çağlar Özden, Christopher Parsons, Maurice Schiff, Terrie Walmsley, 06 August 2011

Migration is an issue not helped by misleading statistics and poor data. This column presents a study bringing together over 1,000 national censuses and population registers for 226 countries and regions between 1960 and 2000.

Craig Doidge, George Karolyi, René Stulz, 03 August 2011

Over the past two decades, there has been a dramatic change in initial public offering (IPO) activity around the world. The importance of IPOs in the US relative to the world has not kept up with the economic importance of the US. This column analyses nearly 30,000 IPOs from almost 90 countries between 1990 and 2007 to examine why this might be.

Thorsten Drautzburg, Harald Uhlig, 31 July 2011

The debt crises in the Eurozone and the US are reminders that all government expenditures must eventually be financed by tax revenues. This column analyses the effect of the US fiscal stimulus programme and argues that abstracting from financing decisions presents a skewed version of the net benefits to society.

Amanda Goodall, 21 July 2011

Are hospitals better run by former doctors or by specialist managers? This column looks at the top-ranking hospitals in the US and finds that hospital-quality scores are about 25% higher in physician-run hospitals than in the average hospital.

James Banks, Zoë Oldfield, James P Smith, 21 July 2011

How much of our health in adulthood and old age is determined by our childhood? Using decades of data from the US and England, this column shows that the US excess in disease is common throughout the age distribution of the population. Moreover, poor childhood health tends to worsen adult health more in the US.

Peter Lindert, Jeffrey Williamson, 15 July 2011

When did America begin its gallop towards economic supremacy? Was it only after the American civil war? Did it start earlier during the antebellum period or even before 1776? This column digs up new evidence from the archives to find out.

Philip Cook, John MacDonald, 10 July 2011

In the US, more people work in private security than in all police forces combined, yet public debate about crime prevention typically looks at the use of public resources to deter, incapacitate, or rehabilitate criminals. This column calls for more discussion of how private action can make policing more effective and reduce the profitability of crime. One such experiment – “business improvement districts” in Los Angeles – has generated remarkable social benefits.

Willem Buiter, Ebrahim Rahbari, 28 June 2011

The strong-dollar rhetoric of the US government contrasts with a weak-dollar reality. This column argues that talking a strong-dollar talk while walking a weak-dollar walk has damaged the reputational capital of the US monetary and fiscal authorities. That has reduced their ability to use statements of intent or announcements of future policy actions to influence markets.

Uri Dadush, William Shaw, 28 June 2011

American policy discourse is notoriously preoccupied with the country's loss of competitiveness. This column argues that these fears are misplaced. Instead, faulty fiscal policies are to blame for the perception that the US has lost its edge.

Yonatan Ben-Shalom, Robert Moffitt, John Karl Scholz, 27 June 2011

What is happening to the US welfare state? According to this column, and contrary to the views of many, the US welfare state has not been going through a significant retrenchment over the last two decades but has in fact been growing. However, it adds that there has been a shift in who benefits over that period, with several types of families left behind.

Heleen Mees, 21 June 2011

With the US economy still faltering, some are suggesting it may be time for a third round of quantitative easing. This column explores the transmission mechanism of monetary policy and how it has broken down in recent years. It argues that, in this climate, the Fed would be wise to avoid another bond-buying programme.

Anupam Jena, Jonathan Skinner, Amitabh Chandra, 19 June 2011

How much healthcare to provide and how to pay for it are two questions at the heart of the public sector. This column argues that by using comparative effectiveness research, policymakers can better understand those healthcare initiatives that work and those that do not. In doing so, the research can give rise to the often-cited but rarely-seen efficiency gains.

Eliana La Ferrara, Alberto Alesina, 27 May 2011

Southern US states have long been accused of discrimination against racial minorities – particularly blacks and Hispanics. This column looks for racial bias in criminal murder trials. It finds that a murder by an ethnic minority criminal against a white victim systematically receives harsher punishment than if the murder had been committed by a white criminal.

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