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Economic Science

The different approaches to monetary policy

Which monetary policy stabilizes the economy: monetarist or Keynesian?


High energy prices and the macroeconomy

New research on the impact of high energy prices on the European and U.S. economies.

Economic Growth

The state of the global economy

Global economic growth has already been revised downwards to 2.9 percent for 2022, from 5.7 percent in 2021. But there are further downside risks.

Financial Markets

U.S. Treasury securities as safe assets

Are foreign investors willing to forego large returns in order to hold onto U.S. Treasury securities?


On the U.S. gas tax holiday

The Biden administration has called on Congress to suspend the federal gasoline tax through September. Is it a good idea?

Politics & Economics

Political polarization in the U.S.

Is political polarization among corporate executives good for shareholder value? Does partisan perception affect capital allocation beyond national borders? Interesting new research.


On the high energy prices in the EU

What should EU member states do to alleviate the impact of high energy prices on households.


Ambiguity in macroeconomics

New research on how including ambiguity-averse agents in New Keynesian models impacts monetary policy effectiveness and generates first order welfare losses.

International Economics

Global value chains: An update

Supply chain disruptions seem to have worsened in April. Is it time to rethink the model?


On climate regulatory risk

New research on how climate-related regulatory risk affects corporate bonds and bank lending.

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