For patients suffering from leukaemia or other blood diseases, a hematopoietic stem cell transplant from a matching, unrelated donor offers the best chance of survival. But unlike other medical donations, a stem-cell donation is a multi-stage process that can take years to complete, and many donors fail to follow through on their initial commitment.
How ethnic religious organisations influence immigrants’ assimilation in host societies has been surprisingly understudied. This column looks at the effect of Italian Catholic churches in the US between 1890 and 1920 when four million Italians moved to America and anti-Catholic sentiments were widespread. Italian churches reduced social assimilation of Italian immigrants, lowering intermarriage, residential integration, and naturalisation rates. However, the churches had ambiguous effects on immigrants’ economic outcomes and increased children’s literacy and ability to speak English.
The invasion of Ukraine has produced a global energy crisis not seen since the 1970s. Policymakers are struggling to regain energy security and losing sight of the energy transition. This column argues that in the long run, however, policymakers will fail to achieve the former without committing to the latter.
Structural reforms have been at the centre of the economic policy debate in advanced economies, and in Europe in particular, in the past two decades. This column assesses the macroeconomic effects of three economic policy packages introduced in Italy between 2011 and 2017, obtained using both microeconomic estimates and model-based simulations. The three reforms induced a progressive, sizeable increase in total factor productivity and reduction in firms’ market power.
Recorded live at CEPR Paris Symposium 2022: Supply chain disruption caused by Covid-19 has fed inflation and hobbled stimulus policies. Sebnem Kalemli Özcan tells Tim Phillips about the only solution to this economic long Covid.
Ratner and Sim’s “Who Killed the Phillips Curve – A Murder Mystery”
“… the slope of the Phillips curve — a measure of the responsiveness of inflation to a decline in labor market slack — has diminished very significantly since the 1960s. In other words, the Phillips curve appears to have become quite flat.” Janet L. Yellen (2019)
A significant body of evidence has established the effects of air pollution on diagnosable health outcomes, ranging from breathing problems and low birth weights to hospitalisations and deaths. But the burden of disease is not the only economic cost arising from poor air quality. This column discusses an emerging body of work that suggests air pollution may have significant effects on day-to-day functioning, economic output, and individual wellbeing in cities around the world, even for people with none of the observable health problems typically attributed to pollution exposure.
Access to university has expanded significantly in the US and Europe over the last five decades, and plans for further growth figure prominently on many policy agendas. This column examines the enlargement of post-secondary education in the UK after 1970. The authors argue that expanding university access corresponded with a decline in both the average intelligence of graduates and the wage premium across cohorts.
Pari passu clauses were deliberately crafted to gain an upper hand in sovereign bankruptcy disputes brought to the London stock exchange’s jurisdiction
Pari passu clauses were deliberately crafted to gain an upper hand in sovereign bankruptcy disputes brought to the London stock exchange’s jurisdiction
