Jonathan Eaton, 1950-2024
Ana Cecilia Fieler, Felix Tintelnot 13 Aug 2024 Jonathan Eaton, who passed away in February 2024, was a pioneering scholar in international economics. This column outlines his many contributions to our understanding of the global economy, including his work with Samuel Kortum integrating theory and data, notably an influential framework for analysing trade flows that […]
Exorbitant privilege and the sustainability of US public debt
Jason Choi, Duong Dang, Rishabh Kirpalani, Diego Perez Despite exceeding 100% of GDP, US public debt is considered safe due to the country’s role as a safe global asset and reserve currency supplier. This column uses a model to quantify the additional debt capacity generated by this ‘exorbitant privilege’ status. It finds that the special […]