Archive
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Uneven shocks
Two new research papers on uneven shocks and monetary and fiscal policies, presented during the August 27th Jackson Hole conference.
New and noteworthy books in economics (August)
For this month we have picked four books: on how inequality revives political conditions we thought we had moved beyond; on the internationalization of renminbi; and finally two books on central banks during times of crisis.
The effectiveness of international climate-change agreements
As COP26 (UN Climate Change Conference) is approaching a look at previous international agreements, their impact on Greenhouse-gas emissions and the national economies.
The economics of vaccines
Can vaccine passports reduce hesitancy? What are the economic costs of inequitable global vaccine distribution.
Housing costs and inflation in the Eurozone
The inflation index the ECB currently uses does not include the cost of “Owner-Occupied Housing.” Is inflation understated?
Housing and climate change
Does climate risk affect housing prices? Is the risk of mortgage defaults due to climate change borne by lenders?
Housing post-COVID
Some housing markets have become frothy. How has COVID affected house prices? Which effects are transitory?
Anchored expectations and the Phillips curve
Do firmly anchored expectations contribute to the flattening or steepening of the Phillips curve in the U.S.?
Economics and happiness
Happiness level in 2021, by country. Easterlin defends his paradox.