Category Archives: Economics

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.

MIT Energy Initiative report provides guidance for evolving electric power sector

Distributed energy resources — relatively small-scale power technologies such as solar, wind, energy storage, and power electronics and control devices — are being deployed rapidly in the global shift toward a low-carbon energy future. To ensure that both distributed and centralized energy resources are integrated efficiently, however, electric power systems in the U.S., Europe, and other parts of the world need major regulatory, policy, and market overhauls, says an in-depth report, “Utility of the Future,” released today by the MIT Energy Initiative (MITEI).

Mobile-money services lift Kenyans out of poverty

Mass. — Since 2008, MIT economist Tavneet Suri has studied the financial and social impacts of Kenyan mobile-money services, which allow users to store and exchange monetary values via mobile phone. Her work has shown that these services have helped Kenyans save more money and weather financial storms, among other benefits.