William Nordhaus (Nobel '18) reflects on his pathway into and through economics in "Looking Backward, Looking Forward" (Annual Review of Resource Economics, 2024, 16: 1–20). He writes: "I first saw light in Albuquerque, New Mexico, at the dawn of World War II, in the lush Rio Grande River floodplain, with an irrigated alfalfa field outside

Conversable Economist

15.11.2024

Interview with Laura Alfaro: Globalization and the Great Reallocation - Conversable Economist

David A. Price of the Richmond Fed serves as interlocutor in an interview with "Laura Alfaro: On global supply chains, sentiment about trade, and what to learn from Latin America" (Econ Focus, Fourth Quarter 2024, pp. 22-25). Here are a couple of comments from Alfaro that stuck with me: On lessons for the United States

Conversable Economist

19.11.2024

An Economic Policy Tradeoff between Speed and Fraud During the Pandemic - Conversable Economist

The eruption of the COVID-19 pandemic in March 2020 is less than five years ago: still, it has become hard (for me, at least) to recapture in my own head the fears and uncertainties of those first few months. The unemployment rate spiked from 3.5% in February 2020 to 14.8% just two months later in

Conversable Economist

20.11.2024

Russia’s Economy and Deathonomics - Conversable Economist

Back in 1939, Winston Churchill famously said in a radio broadcast: "I cannot forecast to you the action of Russia. It is a riddle wrapped in a mystery inside an enigma ..." One might say something similar today about the state of Russia's economy. Since Russia's renewed invasion of Ukraine in 2022, international economic sanctions have

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Nordhaus Reflects on Technology and Climate Change - Conversable Economist

Interview with Laura Alfaro: Globalization and the Great Reallocation - Conversable Economist

An Economic Policy Tradeoff between Speed and Fraud During the Pandemic - Conversable Economist

Russia’s Economy and Deathonomics - Conversable Economist

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