GECMagz

Bank recapitalization versus firm support: A fiscal criterion for crisis policy

Governments often provide capital and other direct funding to banks and nonfinancial firms during economic crises. Government recapitalisation of banks…

1 day ago

Macro-financial disconnect in the euro area: Assessing tail risks to euro area growth and equities

The European Commission's Autumn 2025 forecast points to a subdued but positive growth outlook for all euro area member states…

1 day ago

Political power and profitable trades in the US Congress

The debate over whether US members of Congress should be allowed to trade individual stocks has moved from a niche…

1 day ago

Emerging market resilience to risk-off shocks: Good luck, but mostly good policies

Emerging markets have long been highly exposed to swings in global risk sentiment. During periods of heightened risk aversion –…

3 days ago

How Brazil’s indexed minimum wage allows inflation to grease the wheels of the labour market

Many economies index their minimum wage to inflation to preserve its real value during inflationary periods. This column shows, however,…

3 days ago

The role of wages in retaining effective teachers in the classroom

Concerns about declining student achievements have become central in education debates, with teacher quality drawing attention as a key driver.…

3 days ago

A European safe asset will require bolder steps

The EU aims to finance common priorities in defence, energy transition, and digital infrastructure with supranational EU bonds. This column…

3 days ago

Changing tariff treatment and the exports of developing countries

Over the past year, developing countries have experienced important changes in their tariff treatment by the world’s two largest economies…

6 days ago

The US is in worse fiscal shape than Italy

By the standard debt-to-GDP measure, the US is in somewhat better fiscal shape than Italy: Italy's ratio is 135%; the…

6 days ago

Euroclear and the geopolitics of immobilized Russian assets

European policymakers are debating using immobilised assets of the Central Bank of Russia held at Euroclear to finance a ‘reparation…

6 days ago