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Since 2016, Portugal has enjoyed robust growth (at least relative to its European peers), climbing wages, and a precipitous drop in unemployment. This has been welcome news for more than just the Portuguese, though. As many optimistic European social...

Portugal and the Anti-Austerity Myth

Since 2016, Portugal has enjoyed robust growth (at least relative to its European peers), climbing wages, and a precipitous drop in unemployment. This has been welcome news for more than just the Portuguese, though. As many optimistic European social...

Amazon’s search for a city in which to locate its second North American headquarters has caused a frenzy among prospective locations. This is largely due to Amazon’s promise to create nearly 50,000 jobs and invest $5 billion in its new campus. Th...

HQ2—To benefit whom?

Amazon’s search for a city in which to locate its second North American headquarters has caused a frenzy among prospective locations. This is largely due to Amazon’s promise to create nearly 50,000 jobs and invest $5 billion in its new campus. Th...

John Maynard Keynes needs no introduction as the most important economist of the 20th century. His theories have shaped modern economics like few others. However, his vision for the international trade system, or bancor for short, has been mostly for...

A World Without Trade Deficits

John Maynard Keynes needs no introduction as the most important economist of the 20th century. His theories have shaped modern economics like few others. However, his vision for the international trade system, or bancor for short, has been mostly for...

Panama City is an intersection. It lies between the Atlantic and Pacific Oceans; between jungles and man-made waterways; between colorful colonial Spanish architecture and towering skyscrapers; and between history and modernity. The city is defined b...

A Panorama of Panama City

Panama City is an intersection. It lies between the Atlantic and Pacific Oceans; between jungles and man-made waterways; between colorful colonial Spanish architecture and towering skyscrapers; and between history and modernity. The city is defined b...

Dr. Ha-Joon Chang is currently a professor of Economics at the University of Cambridge. Born in 1960s South Korea, Chang used his humble upbringing as motivation to understand the financial world and has become one of the most prominent political eco...

BPR Interviews: Ha-Joon Chang

Dr. Ha-Joon Chang is currently a professor of Economics at the University of Cambridge. Born in 1960s South Korea, Chang used his humble upbringing as motivation to understand the financial world and has become one of the most prominent political eco...

Four years ago, a mass demonstration in Barcelona to celebrate La Diada, Cataluña’s national holiday, triggered the latest in a long line of efforts to kick-start a serious move for Catalán independence. While a 2014 referendum in favor of indepe...

Separatism Rises Anew in Cataluña

Four years ago, a mass demonstration in Barcelona to celebrate La Diada, Cataluña’s national holiday, triggered the latest in a long line of efforts to kick-start a serious move for Catalán independence. While a 2014 referendum in favor of indepe...

I remember standing in line at the Crowne Plaza Hotel in Providence at the heart of a rally for Donald Trump. Like at many other such gatherings across the country, amid the cacophony of excited supporters eagerly exchanging thoughts, an occasional c...

The Economics of Racism

I remember standing in line at the Crowne Plaza Hotel in Providence at the heart of a rally for Donald Trump. Like at many other such gatherings across the country, amid the cacophony of excited supporters eagerly exchanging thoughts, an occasional c...

Britain really wants to know: Should it stay or should it go? The concept of British exit from the EU, popularly dubbed “Brexit,” has dominated headlines in advance of the country’s June referendum on EU membership. Brexit’s supporters have r...

Union Jack of All Trades

Britain really wants to know: Should it stay or should it go? The concept of British exit from the EU, popularly dubbed “Brexit,” has dominated headlines in advance of the country’s June referendum on EU membership. Brexit’s supporters have r...

In the oft-misunderstood world of monetary policy, a major debate rages about the role of negative interest rate policy in central banking. Central banks, like the US Federal Reserve (the Fed) and the European Central Bank (ECB), are the primary gove...

Below Zero, Above Average

In the oft-misunderstood world of monetary policy, a major debate rages about the role of negative interest rate policy in central banking. Central banks, like the US Federal Reserve (the Fed) and the European Central Bank (ECB), are the primary gove...