Abstract The Great Recession and the unfolding COVID-19 Pandemic Recession—two
major disruptions to the economy that occurred just one decade apart—unequivocally …

Surveys on the link between financial markets and economic growth routinely cite scores of
distinct papers, 1 and yet the abundance of both theoretical and empirical research on the …

Crises lay bare the social fault lines of society. In the United States, race, gender, age, and
education have affected vulnerability to COVID-19 infection. Yet, consequences likely …

This original and panoramic book proposes that the underlying forces of demography and
globalisation will shortly reverse three multi-decade global trends–it will raise inflation and …

The COVID‐19 pandemic broke out at a time when there were heightened uncertainties in
the global economy. Understanding these uncertainties provides an important background …

Rapidly growing numbers of empirical papers assessing the financial effects of COVID-19
pandemic triggered an urgent need for a study summarising the existing knowledge of …

Since the resounding failure of the planned economies–the fall of the Berlin Wall and
China's economic transformation–the market economy has become the dominant, not to say …

This paper provides a critique of the DSGE models that have come to dominate
macroeconomics during the past quarter-century. It argues that at the heart of the failure …

In advanced economies, a century-long, near-stable ratio of credit to GDP gave way to rapid
financialization and surging leverage in the last forty years. This “financial hockey stick” …

The rise of centralized mining pools for risk sharing does not necessarily undermine the
decentralization required for blockchains: because of miners' cross-pool diversification and …