Douglas Diamond of the University of Chicago Booth School of Business warns that covenant-lite loans, which proliferate in high-liquidity periods with their cheap and easy lack of restrictions, make the whole system more liable to imbalances of fragility if a market shock occurs.
Video Vox
David Autor 05 April 2019
Do trade and technology harm jobs? David Autor of MIT argues that we shouldn't mix the two as their effects are very different. Autor was giving the Economic Journal keynote lecture at the RES conference 2014.
Edward Glaeser 02 April 2019
Edward Glaeser of Harvard University investigates how Yelp data can be used when official data are not yet available, particularly in predicting gentrification.
28 March 2019
Understanding the Interaction Between Macroeconomics and Innovation Policy
CEPR recently hosted a high-profile policy-orientated conference in London to highlight and discuss key issues emanating from the EU-funded FRAME project, which has developed new DSGE models and empirical evidence in multi-country and multi-sector settings to better understand issues related to monetary and fiscal policy, technological adoption, asset pricing and innovation policy. The conference brought together policymakers and leading academic contributors in these fields such as Philippe Aghion, Ramon Marimon, Reinhilde Veugelers, Dietmar Harhoff and Román Arjona (Chief Economist, DG Research and Innovation, European Commission).
François Bourguignon 26 March 2019
Francois Bourguignon of the Paris School of Economics explores the divide between the economists and statisticians who study inequality and the general population who experience it.
Richard Blundell 22 March 2019
Richard Blundell of University College London discusses the use of microdata to inform policy.
Stefanie Stantcheva 19 March 2019
Stefanie Stantcheva of Harvard University discusses how interaction with 'better' inventors increases knowledge and improves inventions.
Michaela Pagel 15 March 2019
Michaela Pagel of Columbia University uses data on credit card debt from a popular Icelandic financial aggregation app to examine whether people borrow more in bad times.
Robert Shiller 12 March 2019
Jobs help to define a person's relationship to society and to self; with the threat that AI poses to jobs comes a fear of losing one's identity. Nobel Laureate Robert Shiller of Yale University argues that economists should focus more on the 'meaning of life' and look beyond the figures on the page.
Philippe Aghion 08 March 2019
Philippe Aghion, of the College de France and LSE, discusses work on merged datasets from the UK – one detailing occupation & wages, the other looking at R&D and investment.