Cyber risk and financial stability
New research on how cyber attacks can affect financial stability. Is this risk reflected in asset prices?
Are incentives to automate higher now?
Has COVID-19 increased or decreased the value of investments in automation?
New and noteworthy books in economics (February)
This month’s selection: Blanchard and Rodrik look at inequality; Mazzucato wants to reform capitalism; but McCloskey argues in favor of “economic liberty”; and Börsch-Supan and Coile wonder why late-life employment has risen.
Inequality and asset prices
Two new research papers on how changing asset prices increase inequality.
Biases in empirical research
New research shows that researchers’ affiliations and career concerns might bias their estimates of fiscal multipliers and impact of QE.
Revisionist history
New research shows that the US Phillips curve has been flat since the early 1980s. This implies that there was no missing disinflation or missing reinflation over the past few business cycles!
Does the US labor market operate efficiently?
Two recent research papers look at the Beveridge curve for clues!
A new look at central bank independence
Analyzing the impact of central bank independence on the economy and inequality.
Should central banks issue a CBDC?
The trilemmas and tradeoff that arise from the introduction of central bank digital currencies.