From Asia, With Skills
Gaurav Khanna This paper examines the rise of high-skill migration from Asia to the United States over the past three decades and its consequences for both sending and receiving economies. Between 1990 and 2019, migrants from five Asian countries—India, China, South Korea, Japan, and the Philippines—accounted for over one-third of the growth in US software […]
The granular origins of inflation
Santiago Alvarez-Blaser, Raphael Auer, Sarah Lein, Andrei Levchenko Textbook monetary economics views inflation as fundamentally driven by aggregate shocks, such as money supply or policy rates. This column presents empirical evidence that inflation is highly granular – it is significantly influenced by the prices set by a small number of large firms. Based on an […]
Αναλογία παγκόσμιου εμπορίου προς το ΑΕΠ
