In December 1990, the Soviet Union withdrew from its bilateral trade agreement with Finland. This was followed by a dramatic collapse in Finnish-Soviet trade and a deep economic crisis in Finland. This column re-assesses the role of the trade collapse in causing the Finnish Great Depression in the early 1990s. The trade shock had a strong negative effect on the Finnish economy
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Kit Klarenberg
, an investigative journalist exploring the role of intelligence services in shaping politics and perceptions. Follow him on Twitter @KitKlarenberg Allegations that pro-democracy activists in Hong Kong have been paid for their activities have swirled for years but have always been strenuously rubbished by the Western media. Now, an academic study seems to confirm just that.
Secreted in the depths of academic journal American Economic Review’s June edition is an absolutely extraordinary research paper, revealing that a team of Western scholars conducted a somewhat peculiar study analyzing why students attended protests in Hong Kong – and that participants were paid to do so.
Ajay Agrawal, Iain Cockburn, Alberto Galasso, Alexander Oettl
In light of rising regional within-country inequality around the world (Moretti 2008, Ehrlich and Overman 2020, Rosés and Wolf 2018), many policymakers have discussed efficient and effective measures to counter the increasing spatial disparities. In this regard, place-based policies, which directly subsidise regions that are economically lagging behind, are a prominent instrument in policymakers’ toolkits (Glaeser and Gottlieb 2008). Between 2014 and 2020, the EU spent more than €350 billion – about a third of its budget – on regional policies (Ehrlich and Overman 2020). The US currently devotes about $60 billion to place-based policies – mostly through business tax incentives (Bartik 2020, Slattery and Zidar 2020). A recent wave of studies has demonstrated that place-based policies unfold positive economic effects on targeted regions (Kline and Moretti 2014, Neumark and Simpson 2015, Ku et al. 2020). But it i
Challenges central banking current institutional environment and forces affecting monetary policy | Finance cambridge.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cambridge.org Daily Mail and Mail on Sunday newspapers.