While the economic arguments for freer trade are strong, many people remain skittish about proposed trade deals involving the U.S., Asia and Europe. In particular, critics are focusing on provisions of these deals that set up tribunals to rule on disputes between governments and companies. The critics charge that these Investor-State Dispute Settlement panels would have too much power ...

  The U.S. Federal Reserve faces a tough task in figuring out how best to respond to a highly unusual economic recovery. As chair Janet Yellen noted in a recent speech, it could use some help from academia. So what key questions should researchers be trying to answer? Let’s start with what the Fed got right. Internal documents from 2009 ...

  Voters in Washington state will be asked next month whether they want to adopt the nation’s first carbon tax — a powerful way to curb greenhouse-gas emissions. You’d think environmental groups would be doing everything they can to back that idea. You’d be wrong. THE COST OF CARBON Initiative 732 will be on the ballot on Election Day. It ...