Author: e-axes

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Monetary Policy

Challenges in central bank communication

New research on the importance of semantic simplicity of central bank communication and how high inflationary environments impact agents attention to this communication.

Monetary Policy

Automation and monetary policy

How does automation affect the Phillips curve? Does tight monetary policy lead to de-automation?


Climate policy and politics

Very interesting new research on why the Fed and the ECB adopted divergent stances on climate mitigation policies and how the politics of oil and other fossil fuels will affect the transition to clean energy.


New research on inequality in the U.S.

New research examines the latest trends in gender and race earnings gap, college wage premium and the role of the household as a source of redistribution. How has digitalization impacted consumption inequality?


On high public debt

Why high levels of public debt are here to stay and the implications on the fiscal-monetary policy mix.

Monetary Policy

Contractionary monetary policy and innovation

Two recent studies, one empirical and one theoretical, explore the impact of a monetary shock on R&D investments and productivity.


China’s slowdown: how bad is it?

Why views vary so widely?


The effects of protectionism

How does protectionism affect welfare and the role of dollar as a reserve currency?


New and noteworthy books in economics (August)

We have selected three books that provide an incisive look at the unequal effects  of globalization, at the efficiency of macroprudential policies so far, and at what happens when few institutions exert outsized influence over the politics and economy of a nation. The fourth book is a collection of Becker’s unpublished writings.

Monetary Policy

Monetary policy through the years

How have central banks used their balance sheets during the last 400 years? An interesting framework to evaluate central bank performance from a historical perspective!

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