Fuel subsidy has been the biggest quandaries in Indonesian economy, as it has been creating a huge opportunity costs to the economy. The subsidy is implemented to a consumer good (i.e. fuels) as oppose to targeted recipients, creating distortion in the efficient resource allocation. It was...

Laws on hiring and firing are intended to protect workers from unfair behavior by employers, to counter imperfections in financial markets that limit workers' ability to insure themselves against job loss, and to preserve firm-specific human capital. But by imposing costs on firms' adaptation to...

For three years under Pompidou’s presidency, Chaban Delmas had to restart the process of modernising and industrialising French economy whilst altogether trying to put a ceiling to the inflationary trends spurred by the “May 68” events and the large easiness in wages increases and in...