Found 656 article(s) for author 'Regulation'

Introduction to: the euro at twenty

Introduction to: the euro at twenty. Laura Alfaro, November 27, 2018, Book Chapter, “January 1, 2019 marks 20 years since the introduction of the euro. This anniversary presents an opportunity to reflect on lessons learned from the first 20 years of EMU in Europe, and consider prospects for the future. The last few years have demonstrated the strains possible when multiple countries engage together in the bold venture of monetary union. The editors of Review of World Economics decided to invite several prominent thinkers to offer their insights, regarding what they believe was the biggest surprise from the euro’s first 20 years, and what is the biggest challenge for next 20 years.Link

Tags: , , , , ,

Policy Evolution under the Clean Air Act

Policy Evolution under the Clean Air Act. Robert Stavins, November 20, 2018, Paper, “Nearly half a century has elapsed since 1970, when the first Earth Day was celebrated, the U.S. Environmental Protection Agency (EPA) was established, and the U.S. Clean Air Act (CAA) was passed with essentially unanimous bipartisan support.2 It was not the first Federal law to deal with air pollution – that was the Air Pollution Control Act of 1955 – and it was technically only an amendment to the original Clean Air Act of 1963 (Stern 1982). But it was the first environmental law to give the Federal government a serious regulatory role. The 1970 Act established the basic architecture of the U.S. air pollution control system and became a model for many subsequent environmental laws in the United States and abroad.Link

Tags: , , , , , , , , , ,

Uber Prepares to Go Public, and China’s Social Credit System

Uber Prepares to Go Public, and China’s Social Credit System. Youngme Moon, Mihir Desai, Felix Oberholzer-Gee, November 14, 2018, Audio, “Youngme Moon, Mihir Desai, and Felix Oberholzer-Gee discuss how much Uber is worth as it prepares to go public, before debating China’s controversial Social Credit system. They also share their After Hours picks for the week.Link

Tags: , , , , ,

The Crisis Next Time: What We Should Have Learned From 2008

The Crisis Next Time: What We Should Have Learned From 2008. Carmen Reinhart, November/December 2018, Paper, “At the turn of this century, most economists in the developed world believed that major economic disasters were a thing of the past, or at least relegated to volatile emerging markets. Financial systems in rich countries, the thinking went, were too sophisticated to simply collapse. Markets were capable of regulating themselves. Policymakers had tamed the business cycle. Recessions would remain short, shallow, and rare.Link

Tags: , , , ,

Fed Rate Hikes Will Kill Economic Growth, Market Rally

Fed Rate Hikes Will Kill Economic Growth, Market Rally. Martin Feldstein, , Video, “Harvard economist Martin Feldstein predicts that the Federal Reserve’s game plan to continue hiking interest rates will eventually choke economic growth and kill the seemingly endless bull market. “What worries me is not what’s happening now but what will happen as long-term interest rates rise,” he told Fox Business Network’s Maria Bartiromo.Link

 

Tags: , , , , ,

The Gift of Global Talent: How Migration Shapes Business, Economy & Society

The Gift of Global Talent: How Migration Shapes Business, Economy & Society. William Kerr, 2018, Book, “The global race for talent is on, with countries and businesses competing for the best and brightest. Talented individuals migrate much more frequently than the general population, and the United States has received exceptional inflows of human capital. This foreign talent has transformed U.S. science and engineering, reshaped the economy, and influenced society at large. But America is bogged down in thorny debates on immigration policy, and the world around the United States is rapidly catching up, especially China and India. The future is quite uncertain, and the global talent puzzle deserves close examination.Link

Tags: , , , , , , , ,

USMCA Won’t Pave The Way For Best Trade Deal With China

USMCA Won’t Pave The Way For Best Trade Deal With China. Robert Lawrence, October 3, 2018, Audio, “Robert Lawrence, Professor of International Trade and Investment at Harvard Kennedy School, on the new Mexico-Canada trade deal, and how that impacts the outlook for China negotiations. Hosted by Pimm Fox and Lisa Abramowicz.Link

 

Tags: , , , , , ,

The Changing Landscape of Auditor Liability

The Changing Landscape of Auditor Liability. Suraj Srinivasan, October 2018, Paper, “We provide a comprehensive overview of shareholder litigation against auditors since the passage of the PSLRA. The number of lawsuits per year has declined, dismissals have increased, and settlements in recent years have declined. Our study asks why. Because we find that the likelihood an auditor is sued following a severe restatement has significantly declined in recent years, it does not appear that the decline can be attributed solely to increases in audit quality. Instead, we consider whether the recent wave of Supreme Court cases limiting the scope of Rule 10b-5 against private actors may have led to the decline. To study this possibility, we focus on the Supreme Court’s 2007 and 2011 rulings in Tellabs v. Makor and Janus v. First Derivative, respectively.Link

Tags: , ,

Trade Shifts Pollution More than Regs Shift Trade

Trade Shifts Pollution More than Regs Shift Trade. Joseph Aldy, September/October 2018, Paper, “Burning coal to power manufacturing
contributes to premature mortality in the United States and in developing countries alike. Despite stringent environmental regulations, U.S. coal-fired power plants still cause tens of thousands of early deaths each year. Any factor that causes manufacturing activity to shift from the United States to other countries can also shift the demand for coal-fired power — and its pollution — to these other countries.Link

Tags: , , , , , , ,

Responding to the Global Financial Crisis, What We Did and Why We Did It

Responding to the Global Financial Crisis, What We Did and Why We Did It – The Fiscal Response to the Great Recession: Steps Taken, Paths Rejected, and Lessons for Next Time. Jason Furman, September 11, 2018, Paper, “The fiscal response to the Great Recession started when President Bush signed the Economic Stimulus Act of 2008 on February 13, 2008 and finished when the payroll tax cut enacted under President Obama expired at the end of 2012. Congress enacted at least 18 different laws that explicitly included discretionary fiscal stimulus totaling over $1.5 trillion during those five years, with about half of that coming from the American Recovery and Reinvestment Act signed into law by Obama on February 17th 2009.2LInk

Tags: , , , , , ,