When house prices rise, so do retail prices

Higher home prices lead to higher household spending, according to recent academic research. But New York University's Johannes Stroebel and Chicago Booth's Joseph S. Vavra argue that rising prices also lead to retail price inflation.

How much should we pay to mitigate climate change?

Economists and policymakers have yet to reach a consensus about how much we should pay now to avert this catastrophe, but research suggests we may want to pay hundreds of billions of dollars today to ward off trillions in future damages.