Archive
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Russia and the global wheat market
On July 17, 2023, Russia announced that it would not renew the Black Sea Grain Initiative which had ensured the safe passage of food commodities from Ukrainian ports. What will be the impact on food prices and food security?
Monetary policy and fiscal sustainability
New research on how fiscal dominance impacts price stability and how unconventional monetary policies impact fiscal sustainability.
Does divestment work?
The prevailing belief is that divestment policies to address climate change are for the most part ineffective. Interesting new research shows that the impact of both divestment campaigns and banks’ divestment policies is actually quite large.
Rethinking industrial policy (Part B)
As economists are re-thinking industrial policy, the critics raise more concerns.
Rethinking industrial policy (Part A)
Industrial policy is no longer a taboo, actually it is taking center stage as countries develop policies to ensure a green, digital, and inclusive recovery after COVID-19.
Economic decision making
Two new research papers on how to model the complexity of economic decisions and its implications for behavior in macro models.
On inflation risk insurance
New research highlighting which financial institutions hedged for inflation risk.
Talk of recession again
Is the U.S. achieving a soft landing? Is China’s economy dangerously slowing down?
The importance of financial stability to monetary policy moves
Are central banks less willing to target inflation when financial markets are in distress?
On the reconstruction of Ukraine
Latest estimates of the reconstruction costs and suggestions of who should pay for them.