Policy Analysis
The Election That Economists Lost
Mark G. Sheppard February 25, 2025 In October, prior to the election, The Economist, arguably the most popular economic weekly journal, published an article entitled “America’s economy is bigger and better than ever”, this basic sentiment of topline success was
New York City Employment Recovery Complete, but Uneven across Industries
Khaled Eltokhy and James Orr January 20, 2025 By the start of 2024 New York City employment had reached its pre-pandemic level of 4.7 million jobs, and more than 55,000 new jobs were added through November. The city’s recovery from
The Transformation of the Diacritic U.S. Banking System and the Advent of the Dominant Financial Institutions
Fotis Siokis
24 June 2024
Over the past forty years, the unique U.S. banking system has faced significant competitive challenges, in a rapidly changing technological environment, along with far-reaching regulatory reforms, ushering in an era of remarkable consolidation. In this post we outline the differences of the US Banking system compared to the other global banking systems, its transformation and how it evolved over the years. Read more
New York’s Employment Recovery: Almost There but Virus Effects Linger, New Issues Emerge
Gillian Fuchs and James Orr
January 31, 2024
Nearly four years after the onset of Covid-19 how is employment in New York City faring? In this post we outline the pattern of recovery of employment in the City and show how employment in different industries is evolving. Employment has just about reached its pre-pandemic level. Read more
Silicon Valley Bank failure explained
Fotis Siokis March 28,2023 On March 10, 2023 the American banking system suffered the second biggest bank collapse in its history. How did this happen? In this post we examine the reasons behind the collapse of Silicon Valley Bank
New York City’s Evolving Jobs Recovery
September 7, 2022 Overall employment in New York City has not fully recovered from the huge shock it took following the Covid-19 outbreak in early 2020. But looking across industries, both the depth of the downturn and pace of
Will China Surpass the U.S. to Become the Number One Economic Power?
Hengzhong Liu June 18, 2022 This article argues that the current wave of deglobalization will not stop China from surpassing the United States as the largest economy in the next decade, but it will prevent China from becoming the
Covid-19 in New York City: The Pandemic Unequally Impacts New Yorkers in Health and Employment
Fotis Siokis January 7, 2022 In early March 2020, the Covid-19 virus spread quickly across the United States and virulently disrupted every facet of the society. A public health crisis immediately developed into an economic crisis, as severe government
Policy Briefs
The Pandemic and the Emerging Markets Crisis: How Fragile are the Economies?
Utku Demir and Merih Uctum
June 11, 2020
The Emerging Market (EM) economies that came out of the 2008 financial crisis relatively faster than advanced economies are hard hit by a quadruple-whammy this time: the pandemic, capital outflows, economic recession, and debt crisis.Read more
Lessons from Taiwan’s Healthcare Reform
William B. Thorne
November 27, 2019
Taiwan's single-payer National Health Insurance system was implemented in 1995 and designed using the U.S. Medicare program as a template.Read more
Unconventional Monetary Policies Become Conventional After All?
Fotios Siokis
October 21, 2019
What are unconventional monetary policies? How are they implemented in the European Union? What does the future look like? In this article we address these questions. On September 12,2019, the President of the European Central Bank (ECB) announced a new monetary stimulus package... Read more
Policy Briefs
The Election That Economists Lost
Mark G. Sheppard
February 25, 2025
In October, prior to the election, The Economist, arguably the most popular economic weekly journal, published an article entitled “America’s economy is bigger and better than ever”, this basic sentiment of topline success was echoed by a number of institutions