Industrial regulation and its unintended health consequences


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Christopher Hansman, Jonas Hjort, and Gianmarco Leon explore the unintended health consequences of piecemeal regulations that ignore firm’s responses to new incentives by looking at the case of the 2009 Peruvian industrial fishing sector reform.

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Start the presses: reconsidering a money-financed fiscal stimulus


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The idea of financing a fiscal stimulus with money creation has long been a taboo and disregarded as a policy option. But is this justified? Jordi Galí investigates the effects of a government engaging in just such a stimulus as compared with a debt-financed stimulus.

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