Michael Spence

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Whither The ESG Revolution?

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Companies need effective incentives for ESG investing to achieve its goals, and that's not an easy matter.

Whither The ESG Revolution?

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Companies need effective incentives for ESG investing to a achieve its goals, and that's not an easy matter.

The Supply-Side Fight Against Inflation

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Supply-side measures must play a large role in restoring price stability.

Why Are Supply Chains Blocked?

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Large deviations from normal patterns produce delayed responses, shortages, backlogs and bottlenecks, like those today.

Why Are Supply Chains Blocked?

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When forecasts are not specific enough to be actionable, the supply response cannot adjust in a timely or efficient manner.

High-Growth Sectors In The Post-Recovery Decade

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The post-pandemic economy could well be defined by the return of robust aggregate productivity growth.

Winners And Losers Of The Pandemic Economy

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Stocks in companies with high levels of intangible capital have recorded the biggest gains this year.

The Global Economy In 2018

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The baseline scenario seems to be one of continuity, with no obvious convulsions on the horizon.

Explaining Global Recovery Amid Political Recession

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The disconnect between the world's widespread political dysfunction and the strong global economy is mind boggling.

How To Be An Open Economy

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Open economies with significant institutional or political obstacles to structural change will underperform.

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