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The economics of misinformation

Social media platforms have implemented different policies to limit misinformation: are they working? How do users react to moderation control? Are Europeans or Americans more eager to regulate these platforms?


International spillovers of bank capital requirements

New research on: how capital requirements affect the strategic incentives among regulators in different jurisdictions; and on the cross-country impact of the internal ratings-based method for calculating banks’ capital requirements.


On stagflation

Is the Fed aiming at a period of stagflation? What is the long-run relationship between inflation and economic activity?


Heterogeneous agents and policy

Heterogeneous Agent (HA) models yield Marginal Propensities to Consumer that better fit the data. What are the implications  of HA models for stabilization policies?


What happens in China, stays in China. Or does it?

Some interesting facts about the governance style of China’s Communist Party and future prospects.  How China affects the global financial system despite its smaller presence in global financial markets.


On macroeconomic uncertainty

New research on: How do policymakers react when they feel uncertain about the dynamics of inflation? What is the impact of macro uncertainty on the economy in the long-run?


New and noteworthy books in economics (November)

Four great books on: the international economic system, the climate future, technocracy and politics and the Goliaths of the digital age.


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.

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