The US and other developed economies are stuck in a low-growth pattern, and low interest rates limit what central banks can do to help. While raising taxes is politically risky, research suggests that a Value Added Tax could be used to spark growth. Chicago Booth’s Michael Weber explains how a VAT hike that Germany announced in 2005 led to a consumption boom—and why the US might want to follow Germany’s lead.
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Research examines two different types of labor-market policy designed to help displaced workers pivot to new jobs.
How Should We Help Workers Exposed to Offshoring?
The growth of privately held businesses has some regulators and policy makers pondering whether to push for more financial transparency.
Is the US Economy ‘Going Dark’?
Economic history hints at how migration induced by climate change might differ from that caused by other forces.
What Can the 1930s Tell Us about the Coming Climate Migration?Your Privacy
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