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Will the NGEU funds be effective?

The Next Generation EU funds have the potential to significantly boost growth in EU. But will they?

Monetary Policy

Central bank communication and financial markets

Taking a deeper look at the “Fed information effect.”


The debate on global supply chains is evolving…

A year after the COVID-19 disruptions and amidst the current product shortages, two interesting research papers look at GVCs from a different angle.


Is unemployment a lagging indicator?

Patterns in unemployment can help predict a recession almost a year in advance…and people know what is coming.


On the social discount rate

New research on how recent trends in real interest rates are relevant for climate policy decisions and how housing markets provide information about the appropriate discount rates for valuing investments in climate change abatement.


Reflections on inequality

On inequality through the lens of history.  Economists worry about inequality but people worry about lack of opportunity – a new US survey.


The transmission of macroeconomic policies

Two new interesting contributions to behavioral macroeconomics that feature heterogeneous agents with information frictions.


About the surging energy prices

What are the drivers behind the recent surge in energy prices? What are energy futures predicting?


New and noteworthy books in economics (October)

For this month we have selected: Coyle on “new economics”, Goldin on women, career and family, Qian on the emerging China and Piketty on socialism.

Economic Growth

Is it time to talk about stagflation?

It’s all about the Fed’s credibility, but can China play a role?

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