mBaer Necessities 12/21
How can we meaningfully compare welfare across time and countries? Individual memories are subject to fading, and cultural values change in time, making it difficult to compare well-being over the past few decades.
How can we meaningfully compare welfare across time and countries? Individual memories are subject to fading, and cultural values change in time, making it difficult to compare well-being over the past few decades.
Massive retirement, safety concerns, generous government benefits and taking care of own family explain why millions of Americans have been leaving the workforce. This suggests that wage increases may not bring enough workers to hiring companies. With tight labour markets and high inflation, we expect the Fed to start raising interest rates already in 2022.
There is no doubt in the scientific community and increasingly in the general public that climate change is a real and direct consequence of human activity. Climate change threatens, in some extreme scenarios, to bring us back to Stone Age living standards, according to William D. Nordhaus, the inventor of the modern economics of climate change.
Chips are everywhere: in consumer electronics, in cars, in medical devices and in defence systems. As such, they are a basic requirement for the functioning of modern economies. A global shortage of chips can thus have a disproportionate impact on the world economy.
To make this website run properly and to improve your experience, we use cookies.
For more detailed information, please check our Cookie Policy.
Necessary cookies enable core functionality. The website cannot function properly without these cookies, and can only be disabled by changing your browser preferences.