Hou Wang: 2 books

This note outlines a concrete proposal for a euro area CFC that could help smooth both country-specific and common shocks. Specifically, it proposes a macroeconomic stabilization fund financed by annual contributions from countries used to build up assets in good times and make transfers to countries...

Soybeans are one of the most widely-grown crops in the world. As the world’s main source of vegetable protein, they have a wide range of food and non-food uses. Current yields need to increase significantly to meet growing demand but in a way that reduces input use, does not damage the environment...