New England Economic Review

New England Economic Review is a magazine specializing in Economic topics.

Articles from November-December

Are We Investing Too Little?
One of the most disappointing features of U.S. economic performance over the past 20 years has been the slowing of growth in productivity and, as a result, in real incomes. While productivity, or the growth in output per man-hour, increased by an average...
Model Error
Modern finance would not have been possible without models. Increasingly complex quantitative models drive financial innovation and the growth of derivatives markets. Models are necessary to value financial instruments and to measure the risks of individual...
Social Security Reform: An Overview
Recent decades have seen a trend toward longer life expectancy and reduced birth rates across the globe. This is good news - the pressures created by rapid population growth are being relaxed, and people are more likely to live to old age - but it creates...
Specialization, Risk, and Capital in Banking
Diversification is certainly the simplest and perhaps the oldest approach to managing the trade-off between portfolio risk and return. Unless the returns on the assets in the portfolio are perfectly positively correlated, the risk of a diversified portfolio...