On political extremism
New research on the reasons that drive the success of extreme political parties.
New and noteworthy books in economics (September)
For September, we have selected four books on “how did we get here,” from a historical and ideological point of view.
Safe asset shortage
Safe asset shortage leads to collateral reuse. New research examines the effect of reuse on repo rates. Could issuance of Eurobonds alleviate the safe asset shortage in the Eurosystem?
Macro uncertainty, households and firms
Two new research papers are using Randomized Control Trials to evaluate the effect of macroeconomic uncertainty on household spending and firms’ decisions.
Some new challenges for central banks
The pandemic has given rise to new challenges for central banks. These include: uncertainty over the trajectory of r* and the increasing importance of NFBIs.
On corporate taxes and investments
New research using novel methods estimates the effect of both corporate tax hikes and cuts on investments, R&D and productivity.
Machine learning in macro modelling
New research on how deep reinforcement learning can be used to model bounded rationality and neural networks to estimate nonlinear HANK models.
The new global financial cycle
The strong dollar appreciation augurs a new contractionary phase of the global financial cycle. What does that mean for both emerging market and developing economies and dollar’s hegemony.
DeFi vs CeFi
New research on the advantages and disadvantages of centralized versus decentralized finance.