Europe, COVID and politics
Does this moment represent a new opportunity for European cooperation? What does new research shows.
Corporate debt and bankruptcies
With non-financial corporate debt to GDP ratio at the highest level ever, what type of credit policy should the US follow in order to avoid undue scarring to firms and workers from the COVID crisis?
Consumption and saving patterns during COVID
Two research papers use novel ways to put big data together in order to analyze spending patterns of US households according to income levels during the first months of the COVID crisis.
Cash is king during the COVID crisis
Firms that were cash-rich pre-crisis are both rewarded by financial markets and able to gain market share during the crisis.
Civil society, norms, governments and the markets
Exploring the non-government, non-market dimensions of modern economies.
New and noteworthy books in economics (June)
In the spirit of the times, the four books we selected for June are on Angrynomics, anti-system politics, but also on economics of belonging and how to create good jobs.
Time series modelling of COVID-19 scenarios
Two new research papers on forecasting the COVID progression.
When expectations are “scarred”
The debate about the shape of the recovery (V, U or L) revolves around consumers’ confidence and fear. New research shows that during COVID households’ expectations behave differently than what is predicted by standard macro models.
Should the Fed control the yield curve?
Yield–curve control has now been used in a few other countries. New research on its efficiency and risks.