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
With working-age populations projected to decline rapidly, all European countries face an unprecedented demographic challenge. Inflows of regular foreign workers are thus key to support
Europe’s recent energy crisis generated large windfall rents for electricity producers. Yet, most EU governments responded with costly downstream measures that left wholesale prices –
Artificial intelligence tools can now produce highly realistic text, images, and videos at almost no cost, prompting concerns that the proliferation of fabricated content may
The 2025 US tariff increases varied significantly across most economies. This column argues that the economic impact of these tariffs will also not be uniform.
While the inflation expectations of professional forecasters and firms are well anchored around inflation targets, the inflation expectations of citizens tend to be widely dispersed.