Archive
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Historical patterns in central banking
Have central banks been passive prior to the 1970s? Does de jure central bank independence translate into defacto independence?
Tariffs, employment and productivity
Is tariff escalation efficient? Evidence from the US-China trade war.
How much monetary tightening is in order?
It might be time for central banks in advanced countries to start easing the tightening cycle.
Measuring consumer welfare
Innovative research on how to measure consumer welfare and price indices with non-homothetic preferences. Empirical evidence from the US and UK.
On government debt sustainability
Two brand new papers on public debt capacity and the importance on debt revenue.
Climate change and r*
What is the impact of climate change on the natural rate of interest? What is the relation between r* and the “green interest rate?”
On monetary policy transmission
New research on how monetary policy is transmitted to the economy when there are heterogeneous banks and incomplete markets; or heterogeneous household with bounded rationality.
New and noteworthy books in economics (October)
For this month we selected four books which help explain current crises: why governments get it wrong? Can central banks achieve a soft landing? What are the ten overlapping and interconnected threats in the near future? What happens when growth is harder to come by?