Article & News

Day: January 10, 2025

Economy
FraNK: Fragmentation in the New Keynesian model

Geoeconomic fragmentation may have major implications for the global economy. This column uses using a multi-country New Keynesian model to analyse the effects of various

Banking
The one-in-a-thousand-day problem

Financial crises usually inflict the most damage when banks suddenly shift from pursuing profits to survival. This column argues that such drastic behavioral changes render