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What happened at COP27

COP27 turned out to be disappointing. Is there a coherent set of policies that can have a high impact and provide a blueprint for future climate agreements?



“Friend-shoring,” a new multilateral trade approach that limits trade to countries with shared values, is being advocated by US and Canadian officials. Is this mercantilism under a new name?


Are inflation surges persistent?

New research on the dynamics of sudden inflation surges.

Financial Markets

To regulate or not the cryptos

After the implosion of FTX, a cryptocurrency exchange, there have been calls for regulating digital assets. But so far there is no evidence that cryptos can threaten financial stability.

Monetary Policy

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.

Monetary Policy

Women in central banking

New research on why there are few women central bankers.

Monetary Policy

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.

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