Policy Studies

“Cross-Border Acquisitions and Labor Regulations,”

Cross-border acquisitions account for a large and growing proportion of all acquisitions. The dollar value of cross-border acquisitions...

“The Work versus Welfare Trade-Off: Europe,”

If welfare benefits become too generous, they can create a significant incentive that encourages recipients to remain “on the dole” rather...

“On the Desirability of Nominal GDP Targeting,”

This paper evaluates the welfare properties of nominal GDP targeting in the context of a New Keynesian model with both price and wage...

“Misperceiving Inequality,”

Various theories associate countries’ levels of economic inequality with important political outcomes. These include the extent of...

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