This compelling research review touches on the contemporary debates in macroeconomics that have consequentially emerged as a result of government debt. Should governments tolerate high public debt or become more indebted given the now prevailing low interest rates? Or is high public debt bad for private sector confidence and growth, by feeding uncertainty, expectation of future tax hikes and an imminent collapse in the wake of the next crisis? This review presents a collection of articles reflecting on these complex and intriguing topics. This review will be useful for policy makers and academics alike, while being particularly suited for those wishing to explore this exciting research area further.
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Bruce A. Blonigen and Thomas J. Prusa
Antidumping trade protection is one of the most frequent and ubiquitous trade policies in the global economy. This review discusses the key reference pieces in the antidumping literature that have critically defined and shaped what we know about this important and unique form of trade protection. The review critically analyzes the literature and discusses its future directions – it is an important research tool not only for new and established scholars in international economics, but also policymakers and legal scholars.
Alexander W. Cappelen and Bertil Tungodden
A growing literature in economics has studied how fairness considerations shape human behavior. This review analyses the key theoretical and empirical contributions spanning the last four decades, along with influential related work in normative economics. It argues that the fairness motive is essential for understanding human behavior in a wide range of settings, such as markets, bargaining, and redistributive situations. It moves on to a discussion of the large heterogeneity in what people view as fair and the importance people attach to fairness, displaying how a concern for fairness develops in childhood and manifests itself in the brain. This research review will be a valuable tool for those interested in the fascinating field of the economics of fairness.