Weathering the storm: The role of adaptation in mitigating the economic impact of floods

Floods are the costliest type of natural disaster in Europe, but little is known about whether adaptation investments such as flood defences can shield the

Tariffs cannot fund the government: Evidence from tariff Laffer curves

Until the late 19th century, states raised most of their government revenues from import tariffs. This column asks whether the practice could work today. A