This Finance survey examines that Harry Markowitz, the Nobel Prize-winning pioneer of modern portfolio theory, passed away earlier this year: https://afajof.org/news/in-memoriam-harry-markowitz-past-president-of-the-american-finance-association-1927-2023/ (a) Application of the principles of modern portfolio theory allows investors in practice to achieve substantial improvements in the risk-expected return trade-off relative to naive strategies such as equal-weighting that do not take account of return covariances; (b) A continued fall in commercial real estate valuations would trigger another round of banking panic
Keyword: Nobel Prize in Economic Sciences
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bailouts balance sheet balanced budget bank failures Bank of England bank regulation bank runs banking banking crises banking rules banking union bankruptcy banks bans behavioral economics betting Bitcoin board quotas bonds bonuses book market border adjustment tax borrowing and lending Brexit bundling business cycles buy American
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This US survey examines (a) When economic policy-makers are unable to commit credibly in advance to a specific decision rule, they will often follow a poor policy trajectory; (b) Rules-based fiscal policies deliver substantially better outcomes than purely discretionary, on the spot, policy choices.
This week’s IGM Economic Experts Panel statements:
A) Randomized control trials are a valuable tool for answering some long unsettled questions in development economics research.
B) Randomized control trials are a valuable tool for making significant progress in poverty reduction.
This week’s IGM European Economic Experts Panel statements:
A) Randomized control trials are a valuable tool for answering some long unsettled questions in development economics research.
B) Randomized control trials are a valuable tool for making significant progress in poverty reduction.
This week's IGM Economic Experts Panel statements:
A) Considering a broad range of costs and benefits is a better tool for guiding climate policy than setting temperature limits (such as 1.5 °C, eg) based on expected links between temperature increases and the extent of environmental harm.
B) Carbon taxes are a better way to implement climate policy than cap-and-trade.
This week's IGM Economic Experts Panel statement:
Ideas are nonrival, so increasing returns to scale is an essential feature of technological change in a market economy.
This week's IGM European Economic Experts Panel statement:
Insights from psychology about individual behavior – examples of which include limited rationality, low self-control, or a taste for fairness – predict several important types of observed market outcomes that fully-rational economic models do not.
This week's IGM Economic Experts Panel Statement:
Insights from psychology about individual behavior – examples of which include limited rationality, low self-control, or a taste for fairness – predict several important types of observed market outcomes that fully-rational economic models do not.
This week’s IGM Economic Experts Panel statements:
A: Employers that discriminate in hiring will be at a competitive disadvantage, if their customers do not care about their mix of employees, compared with firms that do not discriminate.
B: Rising market wages are an important reason — over and above any changes in medical technology, social norms or preferences — why family sizes have fallen over the past century in rich countries.
This week’s IGM Economic Experts Panel statement:
Slavery in the United States was eradicated because of social and political events, not because it was an unprofitable institution for slaveholders.
Compare yourself or your peers to the Clark Center Economics Experts Panel
