US stock valuations are approaching levels last seen during the dot-com bubble. Investors argue this time is different because of AI. But that is exactly what investors said about the internet in 1999. Nothing illustrates today’s optimism better than the SpaceX IPO.At launch SpaceX was valuing itself at $2 trillion. This means a valuation of …
Attendees at the 2025 Data Summit. Photo Rob Data is fundamental to the work of modern government. To support civil servants in maximising the value of the data they collect, and in harnessing its potential to drive developments in areas such as artificial intelligence, Global Government Forum convenes the annual Data Summit to bring together…
The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research. Greg Kaplan Disclosure Statement Greg Kaplan Current as of 24 June 2026 Current primary appointment: • Alvin H. Baum Professor, Kenneth C. Griffen Department of Economics and the College, University of Chicago…
‘The future of the finance ministry unpacked’ webinar: (clockwise from L-R) Dorothée Rouzet (France), John McCarthy (Ireland), Ian Hall (Global Government Finance editor – moderator), Valentina Ion (Microsoft – knowledge partner), Chidozie Ofoego (Bermuda) & Carlos Guberman (Argentina) Under pressure on multiple fronts, finance ministries can use data and AI to write the public finance…
A steep NAV drop and a federal probe trigger a high-level departure at BlackRock. The private credit market’s roughest stretch in years has claimed its first senior leader at a major asset manager. BlackRock’s Phil Tseng is in the process of leaving his post as CEO of the firm’s publicly traded business development company, according…
The implementation and unwinding of the FFCRA’s continuous coverage requirement generated historically large changes in Medicaid enrollment during the COVID-19 pandemic. Using a combination of descriptive and causal analyses, we examine the substantial cross-state differences in these changes, which remain little understood. We find that policies designed to ease unwinding frictions, as well as federal…
Norway currently levies the highest carbon tax rate at €146.23 ($169.71) per ton of carbon emissions, followed by Sweden (€133.17, $154.55) and Switzerland and Liechtenstein (both €129.09, $149.81). The lowest carbon tax rates can be found in Poland (€0.09, $0.11) and Ukraine (€0.59, $0.68). The average carbon tax rate among the 24 European countries was…
At NATO’s upcoming summit in Ankara, Turkish President Recep Tayyip Erdoğan will seek to portray his country as stable, confident, and essential to Western security. But only the last one is true, which is why the restoration of democracy in Turkey is more than a domestic concern. ANKARA—When NATO leaders arrive in Ankara for their…
We are approaching the 250th anniversary of the United States’ Declaration of Independence on July 4th, 1776. However, that same year carries a different meaning in Latin America. Rather than the beginning of a system based on limits to power and individual freedom in the United States, 1776 represented a major turning point in the…
So the UK is set to have its 7th Prime Minister in ten years. In this time, it is no co-incidence we have seen a continued stagnation in living standards. At the root of the problem is a decline in productivity growth; the years of growth are over. Every prime minister had a plan for…