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Economic Growth

The return of the zombies

Empirical regularities between the growing incidence of zombie firms and declining interest rates.

Macro

Minsky moments

Are China and the US heading to another Minsky moment?

Macro

Ageing populations and real interest rates

New research on how demographics have impacted the economies of advanced countries and what to expect going forward.

Monetary Policy

Post-Yellen

Will Jerome Powell, the new Fed Chair, need to hit the brakes or defend the Fed’s independence?

Eurozone

Eurozone’s safe assets

The ESRB Task Force on Safe Assets has just published its report on the feasibility of sovereign bond-backed securities for the euro area.

Books

New and noteworthy books (January)

Four new and noteworthy books on global financial governance, the eurozone, degrowth and agent based models.

Economic Growth

The scandals

Two scandals have damaged the World Bank’s reputation and led to the resignation of its Chief Economist, Paul Romer.

Economic Growth

Thinking outside the box…

…about productivity.

Economic Growth

Fragile global growth

As 2018 begins the global economy is gathering speed but not all of the news is good.

Macro

Modelling households

Households’ welfare, undiversified portfolios and precautionary savings and their impact on monetary policy and economic growth.

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