Central banks facing post-pandemic inflation often considered ‘looking through’ supply shocks. Using a New Keynesian framework in which agents gradually learn whether a cost-push shock
Preliminary data releases can diverge significantly from subsequently revised figures, complicating economic policy decisions made in real time. The Great Inflation of the 1970s offers
Loss of confidence in the US dollar’s reserve currency status could trigger a collapse of the US Treasury market and international financial fragmentation. This column
Public procurement contracts worldwide often face high risks of cost overruns and project delays, raising questions about the scope for contract modifications. This column examines
Social status not only influences people’s beliefs and political views (Kreiner et al. 2020) but can also make a difference to individuals’ wellbeing and impact