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U.S. federalism and domestic institutional arrangements A given country is federal when both of its national and sub-national governments exercise separa

In the technological race between the U.S. and China, America leads in some strategic sectors from AI large language models (LLM), graphics processing units

CEO overconfidence and corporate performance Malmendier and Tate (JFE 2008, JF 2005) argue that overconfident CEOs are more likely to initiate mergers an

Economic policy incrementalism for better fiscal and monetary policy coordination Traditionally, fiscal and monetary policies were made incrementally. In

Central bank independence remains important for core inflation containment in the current age of political populism. In accordance with the dual mandate of

Federal Reserve Chair Jerome Powell answers CBS News 60 Minutes questions about the recent U.S. economic outlook and interest rate cycle. Powell views the c