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Ford Motor vehicles are displayed for sale at the Leif Johnson Ford dealership on June 30, 2026 in Austin, Texas. Brandon Bell | Getty Images DETROIT — Despite reporting a 10.2% decline in its July U.S. vehicle sales Tuesday, Ford Motor is touting the results as a “good sales month.” That’s according to Rob Kaffl,…
We thank Ben Fraser and Jade Peng for excellent research assistance. The authors receive research support only from our respective Universities and have no financial relationships or potential conflicts of interest as relates to this paper. The views expressed herein are those of the authors and do not necessarily reflect the views of the National…
Long global semiconductors remains the most crowded trade on record as BofA notes ‘no one is short’ !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}
Progressive taxation is central to high-income countries’ tax systems, but developing countries typically rely on less progressive instruments. We study the introduction of progressive property taxation in a large Congolese city through a citywide field experiment conducted in partnership with the provincial government. Neighborhoods were randomly assigned to a progressive or a proportional schedule. The…
en English Human Development Jul 6, 2026 Daron Acemoglu Genetic-engineering tools with which to design one’s progeny already exist, and they are being made even more potent with AI—at least for those who can afford such services. In the absence of policy…
At the beginning of 2013, when “Abenomics” was rolled out in Japan, the yen was significantly overvalued, and looser monetary policy was badly needed. Today, the opposite is true, indicating that interest-rate hikes may well be the right prescription for Japan. TOKYO—In my early years as an economics professor, I was occasionally asked to present…