Archive
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On global value chains
Global value chains and their impact on inflation, productivity and trade agreements.
The dismal science
Is criticism against economics driven by a distorted picture of what the profession is today?
A deeper understanding of public debt
Which model to use when studying optimal debt policy? What are the monetary policy trade-offs in an environment of sovereign debt default risk?
An update on central bank digital currencies
Do we need a central bank issued retail digital currency if we already live in a world of digital money and digital payments?
New and noteworthy books in economics (April)
Our selection for April includes two new books on artificial intelligence and the gig economy; Alan Blinder’s book on his “Lamppost theory”; and a book on EU’s view of Brexit.
Economists on Russia
De Grauwe, Milanovic, Piketty and al. on Russia’s economic future and inequality.
Ideas, economics and politics
Dani Rodrik explains the difficulty in understanding whether political outcomes and economic policies are driven by interests or ideas.
Modelling behavior in the face of uncertainty
Hansen, Sargent, Farmer and Syll on how to model decision making under uncertainty.
The evolving Chinese economy
In 2017 consumer expenditures contributed 58.8 % of GDP growth. Monetary policy transmission is becoming similar to that in advanced economies but will the “machine age” turn China’s large population into a handicap?