We develop a quantitative New Keynesian DSGE model with monopolistic banks to study the macroeconomic effects of introducing a central bank digital currency (CBDC). Households benefit from an ...

Mississippi’s rise is part of a wider Southern success story. By May, eight of the 15 fastest-growing cities were in Texas or ...

This is your first of three free stories this month. Become a free or sustaining member to read unlimited articles, webinars and ebooks. For years, the Globeville Elyria-Swansea Coalition in Denver ...

In the 1980s and ’90s, SFI played laboratory to a promising new method known as agent-based modeling. Instead of relying on averages and unrealistic mathematical assumptions, these models were built ...

The marine ecological economy has emerged as one of the most dynamic and promising sectors for economic expansion in coastal nations and regions. Its development is vital for fostering sustained, ...

THE BIG debate about the Chinese economy has long pitted those who see it as a bubble waiting to burst against those who judge it a sustainable success. A new debate is now emerging, which is ...

In AI research, progress is often equated with size. But a small team at Samsung’s AI lab in Montreal has taken another approach that is proving to show great promise. Their new Tiny Recursive Model ...

The trend of AI researchers developing new, small open source generative models that outperform far larger, proprietary peers continued this week with yet another staggering advancement. The goal is ...

Tesla on Tuesday unveiled plans to sell cheaper alternatives of its Model Y and Model 3 cars, its first product release in years, as Elon Musk’s automaker created more affordable options for its ...

Tesla has spent more than a year teasing that “more affordable models” of its vehicles were on the way, and on Tuesday, the company finally revealed them. The company is now selling a more bare-bones ...

For nearly two decades, CEO Elon Musk has promised Tesla would make a more affordable electric vehicle, to, as he put it in 2006, “help expedite the move from a mine-and-burn hydrocarbon economy ...