Policy Thresholds as Growth Barriers: Theory and Evidence from a Payroll Tax Notch

Eurozone trade deficit widens further in May, the biggest since January 2023 !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}

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…

OCBC strategists Sim Moh Siong and Christopher Wong note that S&P’s affirmation of Indonesia’s BBB/A-2 ratings with a stable outlook is mildly supportive for the Indonesian Rupiah (IDR) by removing immediate downgrade risk. However, they caution that IDR gains may be limited without clearer fiscal consolidation and better capital flows, while the recent rebound in…

This month, amid World Cup fever, New York City implemented a new job-protection law. This law forbids app-based rideshare platforms from removing drivers unless they can show they have “just cause” or a “bona fide economic reason.” The new law follows a pattern set by a similar pandemic-era law, also from New York City, which…