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After the German elections

Interesting conjectures on the rise of right-wing populism in Germany and suggestions of how to move forward by a prominent group of Franco-German economists.


New and noteworthy books in economics (October)

Our book selections for this month are off the beaten path: a fresh look at Adam Smith’s invisible hand; how did the pursuit of GDP growth emerged as a societal goal; and the pricing of progress.

Economic Science

Drifting towards new macro models…

Is the dominance of microfounded macro models really coming to an end?


The macro labor market story

“Fundamental surplus” and matching models. Impact of monetary policy when policymakers are uncertain about the structure of the labor market.


In the zone!

Different sides of the Atlantic, different views on the Eurozone.


International Bank Credit

What is the current state of financial globalization? How important is the Global Financial Cycle?


Central Bank Digital Currencies

Recent research suggests that Central Bank Digital Currencies can increase GDP, raise the efficiency of retail payments and render a negative interest policy more effective. But what are Central Bankers saying?


A wealth of information on the 1%

In 2007 which European country had wealth close to 40% of its GDP hidden in Panama? For which European country Switzerland was the main tax haven?


The empirics of the natural rate of interest

New research on alternative specifications of r*.


Replacing LIBOR

The CEO of the Financial Conduct Authority has called for the replacement of LIBOR by the end of 2021. The Federal Reserve is proposing three alternative benchmarks to the US Dollar LIBOR.

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