Over the past 40 years, there have been more than 120 banking crises around the world. Different governments have responded in different ways. The gross and net costs as a percentage of GDP range wildly, anywhere from less than 1 percent to well beyond 30 percent.
Kevin L. Kliesen, Julia S. Maues
It's often said that small businesses generate the most jobs in the U.S. This is true if one looks at the gross number of jobs. But because small businesses have a high failure rate, they are not the largest producer of jobs at the net level.
Rubén Hernández-Murillo, Christopher J. Martinek
Better-educated people appear to be in better health than less-educated people. But does more education cause better health, or are there other factors at play – such as income and access to information?
Should monetary policymakers focus on headline or core inflation to achieve low and stable headline inflation in the long run?