Monetary policy moves aggregate investment, but the underlying drivers remain unclear. This column opens the black box with a German firm survey. A one percentage
In many Germanic languages, the commonly used word for “debt” also means “guilt”, which carries a strong moral connotation. Commentators have long suspected that this
Do firms strategically confuse their consumers to raise prices at the industry level, and if so, how? Obfuscation refers to strategies that make it harder