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Milken Institute Review The Milken Institute Review is an economic policy magazine published quarterly by the Milken Institute.

The Milken Institute Review is published quarterly by the Milken Institute to encourage discussion of current issues of economic growth, job creation and capital formation. Topics and authors are selected to represent a diversity of views. The opinions expressed are solely of those authors and do not necessarily represent the views of the Institute.

In the new issue of the Milken Institute Review, Brad DeLong offers a spirited defense of “helicopter money,” the as-yet...
07/02/2017

In the new issue of the Milken Institute Review, Brad DeLong offers a spirited defense of “helicopter money,” the as-yet-unused stimulus tool that’s widely viewed as too good to be true. Just the ticket, he explains for dealing with stagnation in an era of low inflation and big fiscal deficits.

Sometimes, lunch really is free. by J. Bradford DeLong

“Sweden’s success has largely been the result of trial and error, not to mention the beneficiary of the unintended conse...
06/02/2017

“Sweden’s success has largely been the result of trial and error, not to mention the beneficiary of the unintended consequences of public policy,” writes Andreas Bergh in the new issue of the Milken Institute Review.

Luck counts. by Andreas Bergh

The first quarter Milken Institute Review is now available. Read the new issue at http://milkenreview.org.
31/01/2017

The first quarter Milken Institute Review is now available. Read the new issue at http://milkenreview.org.

The Milken Institute Review is published quarterly by the Milken Institute to encourage discussion of current issues of public policy relating to economic growth, job creation and capital formation. Topics and authors are selected to represent a diversity of views. The opinions expressed are solely…

Few governments have inherited a more daunting economic mess than the one that greeted Argentina's new president, Mauric...
12/01/2017

Few governments have inherited a more daunting economic mess than the one that greeted Argentina's new president, Mauricio Macri, a year ago. Read about President Macri's attempt a clean break from the recent past in the latest Milken Review.

Associated Press/Natacha Pisarenko Argentina: Once More Into the Breach by robert looney robert looney teaches economics at the Naval Postgraduate School in California. Published January 4, 2017. Few governments have inherited a more daunting economic mess than the one that greeted Argentina's n...

"Arguably the most effective tactic in the U.S. "war on terror" has been to focus on how the bad guys get paid and how t...
02/12/2016

"Arguably the most effective tactic in the U.S. "war on terror" has been to focus on how the bad guys get paid and how they move money," says Staci Warden, executive director of the Milken Institute Center for Financial Markets.

The Financial War on Terror by staci warden Jim Mone/Associated Press staci warden is the executive director of the Milken Institute’s Center for Financial Markets and chair of the Rwandan Capital Market Authority. This is a follow-up to her article in the Second Quarter 2015 issue of the Milken Ins...

Jason Furman, chairman of President Obama’s Council of Economic Advisers, shares seven tips for interpreting macroeconom...
07/11/2016

Jason Furman, chairman of President Obama’s Council of Economic Advisers, shares seven tips for interpreting macroeconomic data.

Secrets of the bean counters. by Jason Furman

Is it the end for disruption theory?
04/10/2016

Is it the end for disruption theory?

The emperor needs a makeover. by Frank Rose

In this era of cheap  , the Saudi Arabian royal family's ability to satisfy all constituents is diminishing along with i...
19/09/2016

In this era of cheap , the Saudi Arabian royal family's ability to satisfy all constituents is diminishing along with its cash reserves.

Read Robert Looney's update to an essay that appeared in the 2012 issue of the Milken Institute Review.

What should be the level of the minimum wage and why? Read about it in a new article written by Alan Manning, professor ...
13/09/2016

What should be the level of the minimum wage and why? Read about it in a new article written by Alan Manning, professor of economics at the London School of Economics.

Minimum Wages in an Election Year by alan manning Gary Moss Published September 12, 2016 In the Fall 2013 issue of the Review, Alan Manning, a professor of economics at the London School of Economics, weighed the pros and cons of raising the minimum wage. With the issue now on the front burner in…

At one time or another almost everyone borrows money, even if just a small sum for a short time. It may be for necessiti...
30/08/2016

At one time or another almost everyone borrows money, even if just a small sum for a short time. It may be for necessities, like buying milk and cereal for the kids, or for pleasure, like financing a weekend at the beach. But how many of us have paid 460 percent interest to use that cash?

Prescription for rate gouging. by James R. Barth, Priscilla Hamilton and Donald Markwardt

Alan Krueger discusses Thomas Piketty's 'Capital in the Twenty-First Century' and the rise in income inequality.
29/08/2016

Alan Krueger discusses Thomas Piketty's 'Capital in the Twenty-First Century' and the rise in income inequality.

Pikketty: a distraction? by Alan B. Kreuger

A look at the economies of   and  , eight years after the 2008 financial crisis.
26/08/2016

A look at the economies of and , eight years after the 2008 financial crisis.

Meltdown Update By Thorvaldur Gylfason

"Immuno-oncology drugs are attracting cash by the bucketful, while those working on new therapies for bacterial infectio...
18/08/2016

"Immuno-oncology drugs are attracting cash by the bucketful, while those working on new therapies for bacterial infections struggle to fund development," writes Larry Fisher. Read more about the economics of .

Resistance is futile.

The overall economic burden of dementia borne by women in the U.S. in 2012 was $91.1 billion.
10/08/2016

The overall economic burden of dementia borne by women in the U.S. in 2012 was $91.1 billion.

The dementia scourge. by Ross DeVol & Sindhu Kubendran

Is the expansion of agriculture in developing countries still necessary to trigger growth in other sectors?
08/08/2016

Is the expansion of agriculture in developing countries still necessary to trigger growth in other sectors?

It’s not what you think. by Javier Ekboir

We're thrilled to share the issue of the Milken Institute Review! In this issue, we cover social mobility, "disruption t...
29/07/2016

We're thrilled to share the issue of the Milken Institute Review! In this issue, we cover social mobility, "disruption theory," carbon capture, the economic consequences of dementia, and more.

View articles from the new issue of the Milken Institute Review.

Readers – and politicians – often assume that higher debt must lead to increased risk of default. But the fact is, defau...
13/07/2016

Readers – and politicians – often assume that higher debt must lead to increased risk of default. But the fact is, default is highest among those with modest student debts.

If you even casually follow the news, you've probably heard that Americans owe a record $1.3 trillion in student loans. These loans are now second only to mortgages as the largest source of household debt. Policymakers are scrambling to respond to wh

Read Charles Castaldi’s firsthand account of the chaos in  .
11/07/2016

Read Charles Castaldi’s firsthand account of the chaos in .

Venezuela hits bottom. by Charles Castaldi

Eren Inci's article, "Who Pays for Free Parking?" is featured in The New York Times.
30/06/2016

Eren Inci's article, "Who Pays for Free Parking?" is featured in The New York Times.

Data visualization for “Game of Thrones” fans, the real cost of free parking and an app that lets you avoid left turns.

"The debate over secular stagnation is, I believe, the most important policy-relevant debate in economics since John May...
29/06/2016

"The debate over secular stagnation is, I believe, the most important policy-relevant debate in economics since John Maynard Keynes's debate with himself in the 1930s, which transformed him from a monetarist to the apostle of active fiscal policy," says J. Bradford Delong.

Hiccup ... or Endgame? By J. Bradford Delong

There's really no question that   plants are costly and have some adverse impact on the environment. But that has been t...
28/06/2016

There's really no question that plants are costly and have some adverse impact on the environment. But that has been true of every water supply project since the Roman aqueducts. Is desalination ready for primetime? Lawrence Fisher looks at desalination efforts in California in the Milken Institute Review.

Planning for the next drought by Lawrence Fisher

 : Currency for paranoiacs, or an idea that will change the world? Read more from Staci Warden, executive director of th...
27/06/2016

: Currency for paranoiacs, or an idea that will change the world? Read more from Staci Warden, executive director of the Milken Institute Center for Financial Markets.

An idea that will change the world. By Staci Warden

We're pleased to announce the launch of the new Milken Institute Review website. Now, access in-depth analyses of econom...
21/06/2016

We're pleased to announce the launch of the new Milken Institute Review website. Now, access in-depth analyses of economic issues that are accessible — even fun, from your desktop and device. Check out the latest issue now.

The Milken Institute Review is published quarterly by the Milken Institute to encourage discussion of current issues of public policy relating to economic growth, job creation and capital formation. Topics and authors are selected to represent a diversity of views. The opinions expressed are solely…

Is your Uber driver an employee or an independent contractor? We look at the "gig economy" in the latest issue of the Mi...
12/06/2016

Is your Uber driver an employee or an independent contractor? We look at the "gig economy" in the latest issue of the Milken Institute Review.

Neither fish nor fowl. by Seth D. Harris and Alan B. Krueger

We're pleased to announce the launch of the new Milken Institute Review website! The magazine, published quarterly for 1...
26/05/2016

We're pleased to announce the launch of the new Milken Institute Review website! The magazine, published quarterly for 17 years, is edited by former The New York Times economics columnist Peter Passell. The Review makes in-depth analysis of economic issues accessible — even fun. We hope you enjoy the latest issue at milkenreview.org.

The Milken Institute Review is published quarterly by the Milken Institute to encourage discussion of current issues of public policy relating to economic growth, job creation and capital formation. Topics and authors are selected to represent a diversity of views. The opinions expressed are solely…

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