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Capital-skill complementarity: does it still hold?

As technology changes does skilled labor still enjoy a wage premium? What is the equilibrium level of automation?


Fiscal sustainability post COVID-19

Can a government permanently raise the deficit, without ever having to raise taxes? New interesting research… and no it is not MMT!

Economic Growth

The October global economic outlook

The latest revisions to the global economic outlook point towards increasing uncertainty. A new paper on how to investigate growth at risk.

International Economics

The Georgieva issue

Politics and economics rattle the top echelons of the IMF.


Social network effects and housing markets

Novel new data sets enable researchers to model agents’ economic decisions in a way that is closer to reality. Two papers on how peer effects impact housing markets.

Financial Markets

Recent developments in the crypto ecosystem

The crypto ecosystem expanded and grew rapidly in 2021. Despite the challenges these assets might pose to financial stability, history shows that we are entering a new cycle in monetary history.


Progress report on the European Banking Union

Europe’s Banking Union has not achieved its goals but has benefited the Eurozone’s banking sector in unexpected ways.

Monetary Policy

Why do central banks undertake reforms?

Interesting research on what drives institutional reforms as well as monetary policy framework reviews in central banks.


The welfare cost of inflation

Two different models and data to calculate the welfare cost in the U.S. and Europe.

Monetary Policy

On inflation expectations

The importance of anchoring inflation expectations.

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