While in the natural sciences a laboratory experiment can isolate various elements and their movements can be followed through, there is no equivalent in the economic discipline. The introduction of econometrics and model building is an attempt to produce a laboratory where controlled experiments can be conducted. The idea of …

In the wake of last summer’s Black Lives Matter protests, many have asked themselves what they are doing to tackle racial injustice. For economists, one central question is the extent to which the profession has examined the causes and consequences of racial inequality. This column reports evidence that race-related research …

The World Food Program said on Wednesday it is tripling its assistance to Lebanon, offering cash assistance to nearly 300,000 people amid an unparalleled financial and economic crisis. Lebanon’s national currency has lost nearly 85% of its dollar value since late 2019, sending prices of basic goods soaring in a …