A comprehensive survey of the literature on uncertainty measures and a new index to detect truly exogenous shocks.

The COVID-19 outbreak has triggered unusually fast capital outflows from emerging markets. What are the effects on the US economy? New research introduces a new financial vulnerability index for EMEs.

Will fiscal spending be effective this time around?

A considerable number of employees is forced to work from home: new research on how this arrangement is affecting people’s lives.

The fortunes of a small number of firms can drive recessions which affect disproportionately workers of a certain age.

Trends in R&D spending across regions have changed during the last two decades. The issue of publicly vs. privately funded firm R&D.

Does cheap credit to zombie firms has a disinflationary effect?

When looking at the impact of automation on employment at the firm level and on individual workers, the evidence is mixed.

Can active fiscal policy be safely  pursued even when monetary policy is active? Do discount rates matter?

Blanchard, Summers and Eichenbaum debate the right design of automatic stabilizers when monetary policy looses its power.