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China

Will the coronavirus slowdown the Chinese economy?

…you will be surprised!

Climate

Stress tests for climate risk

Stress tests need to adjust for climate risk.  New research explains why and how.

Macro

Automatic stabilizers and low interest rates

Blanchard, Summers and Eichenbaum debate the right design of automatic stabilizers when monetary policy looses its power.

Macro

Agent-based modelling

Is an interdisciplinary approach to macroeconomic modelling beneficial?

Markets

To kill innovation…

Are incumbent firms acquiring innovative potential entrants just to shut down the entrant’s innovative endeavors?

Monetary Policy

How to manage expectations

When consumers’ rationality is bounded how can policymakers manage  inflation expectations?

Tech

A step closer to CBDC

Six central banks have formed a working group with the Bank of International Settlements to assess the possibility of introducing their own digital currencies.

Books

New and noteworthy books in economics (January)

This month’s four books are on markets and competition, our future without work and, modelling “animal spirits”.

International Economics

A granular view of the U.S.-China phase one deal

The hazards of the recent U.S.- China deal that might have gone unnoticed.

Monetary Policy

Challenging times for central banks

Central banks are facing a triple challenge: economic, intellectual and institutional.

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