Developing countries, led by Asia, have grown significantly
more rapidly than mature economies over the last two decades,
closing the gap between them. This experience is quite anomalous,
since historically economic convergence has been the...
When the 2013 Sveriges Riksbank Prize in Economic Sciences in
Memory of Alfred Nobel (colloquially known as the “Economics
Nobel”) was awarded to Eugene Fama and Robert Shiller, along with
Lars Peter Hansen, many were puzzled by the selection. Fama...