Eduardo Levy Yeyati - Americas Quarterly

At a moment when advanced economies are debating whether to fund ambitious fiscal packages with zero-interest rate Treasury debt or central bank (“helicopter”) money, we in Latin America feel like the heroes in John Ford´s classic 1930s Western film Stagecoach: Surrounded by enemies, and with precious few fiscal bullets to spare.

Indeed, emerging economies have suffered the double shock of a flight-to-quality increase in financial costs and a commodity price decline that narrows the room for fiscal policy to respond...

Ricardo Hausmann - Project Syndicate

The European Union's ambitious new Green Deal promises to make the bloc carbon-neutral by 2050, while creating new jobs and raising living standards. But, given that Europe accounts for only 10% of global carbon emissions, the true test of its green agenda lies in its willingness to help others with their own sustainable development.

Research at Harvard’s Growth Lab finds that skills of coworkers may matter as much as a worker’s own skills when it comes to earning high wages

Contact: Chuck McKenney
Email: chuck_mckenney@hks.harvard.edu
Phone: (617) 495-8496

Cambridge, Massachusetts - In today’s world, most workers are highly specialized, but this specialization can come at a cost – especially for those on the wrong team. New research by Harvard’s Growth Lab uncovers the importance of teams and coworkers when it comes to one’s productivity, earning potential, and stays of...

Eric Protzer, Paul Summerville - letter to Financial Times

Benedict Mander’s report “Chile’s inequality ignites unrest” (October 22) effectively articulates some of the frustrations behind the protests in Santiago: growth that is not inclusive, and a sense of being left behind. But like so much commentary on contemporary political unrest, it then makes the leap of assuming this anger can be chalked up simply to inequality of income and wealth.

This is a common mistake. In fact, behavioural science shows that people do not systematically dislike unequal...