Alan Greenspan
March 6, 1926 – June 22, 2026 Alan Greenspan took office as Chairman of the Board of Governors of the Federal Reserve System on August 11, 1987. He continued to serve until his fifth term expired on January 31, 2006. Greenspan died on June 22, 2026. An interview with Alan Greenspan and his many statements and speeches are available on […]
What separates firms that use AI intensively from firms that don’t?
David Chaloupka, Tibor Lalinský and Paloma Lopez-Garcia The advent of AI has been widely hailed as a driver of productivity growth. Yet simply adopting AI does not guarantee measurable improvements in firms’ efficiency. What does matter is what they use the new technology for. Firms that apply AI to core processes tend to generate more […]
Μονοψώνιο στην αγορά εργασίας και διακριτική ευχέρεια των επιχειρήσεων κατά τον προσδιορισμό των μισθών
Δείτε (ή διαβάστε) εδώ μία συζήτηση ανάμεσα στον Πώλ Κρούγκμαν και τον καθηγητή οικονομικών στο Πανεπιστήμιο Άμερστ της Μασαχουσέτης, Αριντραζίτ Ντουμπ, σχετικά με το πώς οι συνθήκες μονοψωνίου στην αγορά εργασίας παρέχουν στις επιχειρήσεις τη διακριτική ευχέρεια να προσδιορίζουν τους μισθούς σε επίπεδα διαφορετικά από αυτά που προβλέπει η ανταγωνιστική ισορροπία. Πηγή: Arindrajit Dube on […]
How large should central bank balance sheets be?
Masatoshi Ando and Álvaro Pina Since the global financial crisis, the size of central bank balance sheets has varied widely, both over time and across countries. Balance sheet size has major implications in many domains, including the operation of the payments system, the transmission of monetary policy and the cost of public debt. Πηγή: OECD […]