Making furlough portable would encourage people to move into new jobs
Furlough is here to stay – in the UK, at least until March. The author argues that making part of furlough income portable would encourage people to...
How we learned to stop counting cases and worry about network effects instead
The commuter hub was key to the spread of COVID-19 in London. The authors of the article estimate it contributed to over 42% of all London cases. When...
Reform bankruptcy laws to save businesses from going under
Faced with the prospect of hundreds of thousands of businesses going under, the UK changed its bankruptcy laws in June. Other G7 countries that put...
COVID-19 hurt women’s employment the hardest
Changes to maternity leave and pension regulation, among other policy tools, can lessen the burden on women.
Financial Policymaking after Crises: Public vs. Private Interests
What drives actual government policies after financial crises? In this paper, we first present a simple model of post-crisis policymaking driven by...
The Spread of COVID-19 in London: Network Effects and Optimal Lockdowns
We generalise a stochastic version of the workhorse SIR (Susceptible-Infectious- Removed) epidemiological model to account for spatial dynamics...
The great demographic reversal and what it means for the economy
The ageing of the population has implications for inequality, productivity and monetary and fiscal policy, write Charles Goodhart and Manoj Pradhan
Reviving tourism in the COVID era: bungs, tax cuts and no more tour buses
Tourism has taken an enormous hit during the pandemic. Simeon Djankov (LSE) looks at some of the ways governments are trying to revive the sector –...
Moving property sales online could give developing economies a boost
In some countries, COVID-19 has prompted property transactions to move online, and in these places the market has picked up as a result. It represents...
Price and Probability: Decomposing the Takeover Effects of Anti-Takeover Provisions
Journal of Finance, 75 (5), 2591-2629
Exploited by Complexity
Due to their complex features, structured financial products can hurt the average investor. Are certain investors particularly vulnerable? Using...
Resolving the Excessive Trading Puzzle: An Integrated Approach Based on Surveys and Transactions
The literature has provided over a dozen explanations for the widely documented excessive trading puzzle of retail investors trading so much that it...
Measuring property rights institutions
In a world of limited public capacity, which rules and institutions that protect property rights have the largest impact on economic activity? This...
Digital Currency and Economic Crises: Helping States Respond
The current crisis, at the time of writing, has had a profound impact on the financial world, introducing the need for creative approaches to...
Parimutuel betting markets: racetracks and lotteries revisited
This paper surveys the state of the art in research in racetrack and lottery markets. Market efficiency and the pricing of various wagers is studied...
