The recent paper “20 Years of the Euro: Winners and Losers” by Gasparotti & Kullas estimates that the introduction of the euro increased the pro-capita income in Germany and the Netherlands, while it impoverished the other EMU members. Critics have poured on the statistical technique. In our (...)
It is common opinion that financial cycles generate business cycles and crises, and that central banks intervene to sterilise this causal link. But there are reasons to doubt both statements.
There exists more or less a consensus that the state must promote the arts. This exists even among many who know that state intervention brings market distortions, and it should be clear the arts are no exception. The case of the Salon de Paris, investigated by F. Etro, S. Marchesi and E. (...)
In a recent paper titled "Evaluating the replicability of social science experiments in Nature and Science Between 2010 and 2015", a group of researchers set out to replicate a series of experiments published in prestigious academic journals, employing larger samples and different sophisticated (...)