GECMagz

Minimum wages and insurance within the firm

Debates over minimum wages have intensified in recent years (Roth et al. 2022) as policymakers seek tools to reduce inequality…

2 days ago

Forecasting inflation: The sum of the cycles outperforms the whole

Accurately assessing inflation pressures remains a central challenge for monetary policy. Inflation movements arise from heterogeneous forces operating at different…

2 days ago

Tariff reciprocity and the True Cost of Protection Index

Effective tariff index comparisons are spotlighted in media reports on trade wars and trade talks. This column argues that the…

2 days ago

Central bank digital currency and monetary sovereignty

The European Central Bank’s work on a digital euro has increasingly been framed as a matter of monetary sovereignty. In…

4 days ago

What we can learn from public debt reductions in OECD countries

Across the OECD, general government gross financial liabilities reached 111% of GDP at the end of 2024, almost 40 percentage…

4 days ago

New evidence on the resilience benefit of borrower-based measures when interest rates go up

Most of the major banking crises in modern economic history have been preceded by a U-shape in monetary policy rates,…

5 days ago

Demystifying trade patterns in a fragmenting world

Since the rise of US–China trade tensions, there has been a growing debate on the impact of rising trade barriers…

7 days ago

The impact of uncertainty on corporate borrowing in the euro area

Recently, uncertainty has been elevated due to trade tariff disputes, economic policy changes, and geopolitical risks. In the last few quarters,…

7 days ago

The Bank of England’s capital mistake?

The financial crisis of 2008 underlined that the equity capital requirement for banks is a policy setting of fundamental importance. …

1 week ago

Embracing AI in Europe: New evidence from harmonised central bank business surveys

Artificial intelligence is spreading quickly among European firms. Using new surveys from Germany, Italy, and Spain, this column shows that…

1 week ago