Simon Johnson and Amir Kermani

SIMON JOHNSON, A 2024 NOBEL LAUREATE IN ECONOMICS AND A FORMER CHIEF ECONOMIST AT THE INTERNATIONAL MONETARY FUND, IS A PROFESSOR AT THE MIT SLOAN SCHOOL OF MANAGEMENT, CO-CHAIR OF THE CFA INSTITUTE SYSTEMIC RISK COUNCIL, AND AN AI AMBASSADOR FOR THE UK. AMIR KERMANI, PROFESSOR OF FINANCE AND REAL ESTATE AT THE HAAS SCHOOL OF BUSINESS AT THE UNIVERSITY OF CALIFORNIA, BERKELEY, IS A RESEARCH ASSOCIATE AT THE NATIONAL BUREAU OF ECONOMIC RESEARCH.

A building destroyed by US-Israeli air strikes on the campus of Sharif University of Technology
 in Teheran. Even before the destruction wrought by this phase of the conflict, Iran’s civilian economy suffered from severe underinvestment.

The road to de-escalation with Iran

There is an off-ramp for the ongoing conflict in the Middle East, but it requires taking economic incentives seriously