October 20How terror-proof is your economy?
Scientists can help to develop a financial safety net by providing transparent market data and loss-impact analysis, says Faculty Affiliate Professor Erwann Michel-Kerjan.
October 20Real-time payments: a near-future reality?
Consumers, small and medium businesses, and corporations are becoming more and more impatient thanks to the digital and mobile revolutions. Despite this, our nation’s payment systems are either very slow, or costly: paying via check takes one to three days but is “cheap”, while making a wire transfer is practically instantaneous but is expensive. Why is it that we write checks to pay for our rent when, for over 20 years, we’ve been sending e-mails that reach their destination instantaneously?
October 17Positive Housing Starts and Consumer Sentiment Data
Housing Starts up 6.3% in September; Consumer Sentiment Index at 86.4 in October
October 16New Jobless Claims Hit 14 Year Low
Jobless Claims Hit New Low; Industrial Production Jumped in September
October 15Deficit Shrinks, As Do U.S. Financial Markets
Budget Deficit and Producer Prices Fall, but so do Financial Markets and Retail Sales
October 10Chairman of the President’s CEA, Talks About Climate Change Policy
Earlier this semester, Penn Wharton PPI hosted Jason Furman, chairman of the President’s Council of Economic Advisors, for a lecture about the economics of America’s clean energy future. As part of his visit to campus, Knowledge@Wharton interviewed Furman about the economics of environmental policies and some more general economic policies. Watch the video on YouTube or read the full article on K@W.