Archive
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On macroeconomic uncertainty
Two interesting new papers on macroeconomic and monetary policy uncertainty.
The state of the global economy
High uncertainty related to the war in Ukraine and loss of growth momentum foreshadow a difficult period ahead.
Decarbonization amidst a crisis
How will Europe and the U.S. implement their climate policies during the current period of geopolitical crisis with Russia and tensions with China.
The ruble’s wild ride
As soon as the Russia-Ukraine war started, the Bank of Russia implemented a slew of policies to stem the depreciation of the ruble. Were they successful?
Musings on economics
The three types of inquiry of economic theory and a new paradigm for economics.
The latest on CBDCs
How will CBDCs affect international currency competition? A potential new design for CBDCs from MIT.
The Fed critics
Will the Fed’s current policy lead to stagflation or its critics are looking at the wrong model?
On the distributional effects of automation
New research on the channels through which automation affects inequality. Can fiscal policies reduce automation-induced inequality?
Has the US yield curve inverted?
Parts of the U.S. yield curve have inverted. Are they predicting an upcoming recession?