The tools and concepts of the emerging field of complexity science—like agent-based modeling, network theory, and machine learning—can offer powerful insights to economists and crafters of public policy. Complexity science ...

The purpose of this paper is to suggest a method soundly based in theory by which costs of meeting the most restrictive reserve requirements prescribed by the Federal Reserve may be approximated by the use of readily ...

Previous studies have presented findings suggesting that the gold standard may have led to an increase in business cycle synchronization among its member countries. This follows a growing literature which posits that ...

Purpose: Our central thesis is that the dynamic, immersive and agile nature of extended reality (XR) both provides an unusually fertile ground for the development of alternative forms of governance and essentially necessitates ...

It is not unusual for baseball general managers (GMs) to have network ties to their potential trading partners, either to the other teams' GMs or to the teams themselves. This article investigates whether these connections ...

Energy efficiency has long been an important issue to the global economic and political theaters; however, searching for an effective and concise measure for efficiency remains a contentious and intriguing topic. There are ...

We examine inflation and uncertainty in the UK with a version of the Markov Switching model, which allows for changes in the variance as well as in the mean and persistence of a series. We find that the UK's attempts at ...

Housing has been demonstrated to affect the macroeconomy, particularly business cycle fluctuations. Given the more globalized nature of financial and economic activity in comparison to past decades, there has been much ...

Recent studies suggest that an estimated 61 million rural migrants in China were living outside their hometowns with their children left behind. We examine the impact of parental migration on the social identity among ...

We analyse uniformity in the market's valuation of director human capital by comparing director compensation across firms with and without director overlaps. We find that although there is less variation in director ...