The IMF has published a research paper (Diez et al. 2018) stating that an increase in markups does not lead to an increase in investment, as has been hypothesised in classical economic theory. Rather, in industries with a higher concentration of monopoly power, they just lead to higher profits.
2019 marks a momentous year for Romania’s past, present and future. Three decades ago, the Berlin wall was torn down, opening the iron curtain and beginning the country’s rapid modernization process. January 1st this year, Bucharest kicked off its 6-month presidency of the European Council, drawing the spotlight to the uncertain state of its domestic democracy and rule of law. And yet, as a leader in technology and cybersecurity, Romania could prove itself a crucial asset to NATO and the EU’s future as the upcoming European elections make the prospect of Russian cyber attacks ever more likely.
Student loans help cover the high costs of higher education, unavoidable to succeed in today’s job market. But it is necessary to investigate their long-run effects on individual well-being, income inequality and costs for taxpayers.
Fabian Zuleeg, the Chief Executive of the European Policy Centre calls for structural economic reforms to combat slow eurozone growth.
In 2010, the UK’s Prime Minister, David Cameron, founded The Behavioral Insight Team (BIT) – popularly known as the Nudge Unit – with a simple but impossible mission: Transform the approach of major government departments and deliver a tenfold return on its cost.
The recent disappearance of Jamal Khashoggi has raised interesting questions about the current state of press freedom.
Jair Bolsonaro’s campaign tactics sounded familiar to anyone who has been exposed to Donald Trump’s own election trail: he promised to return to “traditional values”, to rid the country’s political system of corruption and uplift the economy out of a long and suffered economic slump. He held rallies and televised ads, and his presence on the major social media platforms was evident. What is less known to the international crowd is how the messaging platform ‘WhatsApp’ might have helped the far right candidate spread falsehoods and embolden his political momentum.
“A hell of a lot. Whether policymakers take our advice is the real question.”
This year’s WES Presents was kicked off by Professor Jagjit Chadha, director of the National Institute of Economic and Social Research (NIESR). In a time where the role of experts seems to be increasingly distrusted in public discourse, he highlighted the value of rigorous economic analysis rather than reductive political sensationalism in the search for the right answers in policy, forecasting and analysis of the past.
Nearly every major film production company is vying for Netflix’s top spot in the streaming industry. This competition, surprisingly, is expensive for consumers.