Category Archives: Economics

Hospitals that spend more on emergency care yield better outcomes

Investing more in inpatient care relative to longer-term nursing facilities reduces mortality rates. CAMBRIDGE, Mass. — Hospitals that spend more on initial care following patient emergencies have better outcomes than hospitals…

Government transparency limited when it comes to America’s conserved private lands

American taxpayers spend millions of dollars each year to conserve privately owned lands. These lands provide public benefits like timber, water quality protection and food. Yet, information about conserved private…

Darwin visits Wall Street

Andrew Lo’s new book urges a rethink of financial markets, along evolutionary lines. CAMBRIDGE, Mass. — If you have money in the stock market, then you are probably anticipating a profit…

Not stuck on silicon

Engineers use graphene as a “copy machine” to produce cheaper semiconductor wafers.  CAMBRIDGE, Mass. — In 2016, annual global semiconductor sales reached their highest-ever point, at $339 billion worldwide. In that…

The corporate debt trap

Study: Firms that owed more also laid off more workers during the 2007-2009 recession. CAMBRIDGE, Mass. — The debt levels of large companies just before the Great Recession of 2007-2009 are…

Income inequality linked to export “complexity”

The mix of products that countries export is a good predictor of income distribution, study finds. CAMBRIDGE, Mass. — In a series of papers over the past 10 years, MIT Professor…

A fair price to pay?

Study shows online retail prices often match store prices — and suggests why they sometimes do not. CAMBRIDGE, Mass. — When you buy products online, do you imagine you could get…

Asian Banks Continue to Utilise SWIFT’s Sanctions Screening Service

MUMBAI (PRNewswire)– 10 Nepalese banks will utilise SWIFT’s Sanctions Screening service to support their sanctions compliance. The 10 banks will join the nearly 600 firms currently using the service, which was launched in 2012 as the first solution in SWIFT’s financial crime compliance portfolio. The success of the offering validates SWIFT’s vision that compliance services are most efficiently and effectively delivered via a hosted utility model.

Economics in the real world

The stories of an economy – why it grew or didn’t, why it created jobs or didn’t – are often contested. By politicians, of course, but especially by economists whose job it is to explain an economy’s history and predict its future.

How Hospitals Are Dealing With High Drug Prices

Hospital pharmacy costs reached $33.6 billion in 2015, which was roughly an 11 percent increase from the previous year due in part to the upswing in drug costs, according to The Wall Street Journal (WSJ).

Also, these institutions are particularly vulnerable to these volatile increases due to the structure of the system for obtaining the medications.