Archive
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Stress tests for climate risk
Stress tests need to adjust for climate risk. New research explains why and how.
Automatic stabilizers and low interest rates
Blanchard, Summers and Eichenbaum debate the right design of automatic stabilizers when monetary policy looses its power.
To kill innovation…
Are incumbent firms acquiring innovative potential entrants just to shut down the entrant’s innovative endeavors?
How to manage expectations
When consumers’ rationality is bounded how can policymakers manage inflation expectations?
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.
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”.
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.
Challenging times for central banks
Central banks are facing a triple challenge: economic, intellectual and institutional.