Explore Sir Arthur Lewis’s contributions to development economics, including his Nobel-winning dual-sector model, known as the Lewis Model, fostering economic growth.

Learn how overshooting impacts exchange rate volatility and why Dornbusch’s model is pivotal in explaining the short-term departure from price equilibrium.

Structural models of default are widely used to analyze corporate bond spreads, but have generally been unable to explain why risk premiums are as high as they are. This credit spread puzzle can be ...

Plastic is now becoming as much of a problem as it has been a solution. Some say the global plastic waste crisis has reached a critical tipping point, that the oceans are swimming with microplastics, ...