On policymakers’ cognitive biases
New research on how cognitive biases of policymakers affect the choice of implementable policies as well as the allocation of public resources.
Are we headed toward a polycrisis?
The polycrisis concept is being embraced by many lately as a way to describe the unprecedented situation we are currently facing.
“Monetary policy is 98 percent talk”*
New research on how tone and choice of topics during FOMC and ECB press conferences impact financial markets.
On inflation in the euro area
New research on: a) whether inflation expectations are anchored, and b) how quality adjustments contribute to the large price differentials of certain products in the euro area.
The U.S. debt ceiling debacle
Some creative responses in the event Congress doesn’t raise the debt ceiling.
How to stabilize the EU energy market
Proposals on how to reduce gas demand and the price cap of electricity in the harmonized EU market.
Will secular stagnation return?
How will the structural factors that contributed to the secular stagnation of the 2010s affect the safe interest rate once the fight against the current inflation is won.
New and noteworthy books in economics (January)
Our selection for this month includes: two books with opposing views on the interplay between monetary and fiscal policies; one book on the Fed’s history and another on the ties between democracy and capitalism.
On safe assets
New research on the safe-asset shortage and the convenience yields and exchange rate disconnect.
Central bank finance
Central banks are running with negative equity: what are the repercussions?