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The first two papers in this issue tackle fiscal and monetary policy, asking how interest rates and inflation can remain low despite fiscal policy behavior that appears inconsistent with a monetary policy regime focused only on inflation and output and not on fiscal balances. The third examines the implications of reference-dependent preferences...

"Claudio Saunt tells a story of an immense and restless continent connected in surprising ways. In 1776, the Spanish landed in San Francisco, Creek emissaries sailed to Cuba and the Sioux discovered the Black Hills. Decisions made across the Atlantic affected Indian trade routes on the Mississippi, set off an environmental revolution in Canada and...

High-frequency trading is an algorithm-based computerized trading practice that allows firms to trade stocks in milliseconds. Over the last fifteen years, the use of statistical and econometric methods for analyzing high-frequency financial data has grown exponentially. This growth has been driven by the increasing availability of such data, the...

Finding Equilibrium explores the post-World War II transformation of economics by constructing a history of the proof of its central dogma--that a competitive market economy may possess a set of equilibrium prices. The model economy for which the theorem could be proved was mapped out in 1954 by Kenneth Arrow and Gerard Debreu collaboratively, and...

Managing Energy Risk: A Practical Guide for Risk Management in Power, Gas and Other Energy Markets, Second Edition is the essential guide to modern techniques in financial mathematics for trading energy. Following the successful first edition, it addresses the significant developments of energy markets over recent years and contains substantial new...

In this scholarly yet intensely personal history, author Edina Becirevic's explores the widespread ethnic cleansing that occurred in Bosnia and Herzegovina from 1992 through 1995, war crimes and crimes against humanity committed by Serbs against Bosnian Muslims that fully meet the criteria for genocide established after World War Two by the...