Edition #21: March 28, 2024
Welcome to PS Economics, a weekly newsletter highlighting commentary on the most important issues in economics and finance.
Who’s Afraid of Price Controls? – Free to Read
Tom Krebs and Isabella M. Weber explain why Germany's economy is paying dearly for the government's failure to cap energy costs in 2022.
The Indian Giant Has Arrived – Free to Read
Mohamed A. El-Erian and Michael Spence consider the risks and challenges associated with the country's rapidly expanding global footprint.
Jeffrey Frankel notes that this is no mere correlation, though the cause remains an enduring puzzle.
Mismeasuring Corruption Lets Rich Countries Off the Hook – Free to Read
Yuen Yuen Ang shows what conventional rankings get wrong, and proposes a better approach to measuring the problem.
Christopher Pissarides explains why common concerns about looming technological unemployment and displacement are overblown.
Tackling the World’s Hidden-Debt Problem – Free to Read
Pablo Saavedra, Manuela Francisco, and Diego Rivetti propose three measures needed to make lower-income countries’ sovereign borrowing far more transparent.