The U.S. debt ceiling debacle
Some creative responses in the event Congress doesn’t raise the debt ceiling.
How to stabilize the EU energy market
Proposals on how to reduce gas demand and the price cap of electricity in the harmonized EU market.
Will secular stagnation return?
How will the structural factors that contributed to the secular stagnation of the 2010s affect the safe interest rate once the fight against the current inflation is won.
New and noteworthy books in economics (January)
Our selection for this month includes: two books with opposing views on the interplay between monetary and fiscal policies; one book on the Fed’s history and another on the ties between democracy and capitalism.
On safe assets
New research on the safe-asset shortage and the convenience yields and exchange rate disconnect.
Central bank finance
Central banks are running with negative equity: what are the repercussions?
New financial instruments for the green transition
How can corporate finance facilitate the transition to net-zero.
On monetary policy rules
New research on whether the Taylor Rule should still be the prevalent specification of monetary policy in macroeconomic models. A proposal for an alternative set of monetary rules.
Stock markets and capital misallocation
New research on how investors’ sentiment-driven demand and liquidity needs lead to capital misallocation across firms.
Man vs the machine
Are big data technologies an incremental improvement in existing statistical techniques or a transformative innovation?