GECMagz

A nascent international financial channel of China’s monetary policy transmission

China is the world’s second-largest economy, and its monetary policy can affect global demand and trade. Using granular mutual fund…

3 days ago

Europe’s productivity is more dynamic than aggregate statistics suggest

Aggregate productivity growth in Europe has disappointed over the last two decades, fuelling concerns about competitiveness. This column argues that…

3 days ago

How regulatory risk and expropriation threats are affecting Berlin’s housing market

Housing shortages and rising rents have become a source of political pressure in many countries, prompting calls for stronger intervention…

3 days ago

Industrial policy in complementary markets: Lessons from India’s 4G rollout

Governments increasingly use protection and targeted subsidies to promote domestic firms. These policies are usually evaluated in the market they…

3 days ago

Firms slice up global production to protect their knowhow

Imitation is a first-order concern for enterprises operating global production processes. Firms routinely source knowledge-intensive inputs from many countries, including…

6 days ago

Macrofinance meets AI: Evaluating alignment between LLMs and economists

Many public institutions are now experimenting with AI tools to support surveillance, supervision, and policy analysis, raising questions about which…

6 days ago

Nine centuries of cultural change and the productivity of ideas

Economic historians have long placed culture at the centre of the rise of the West, but have lacked a measure…

6 days ago

The bank collateral channel of monetary policy: Evidence from securities losses

Sharp increases in interest rates can reduce the market value of banks’ securities holdings and threaten financial stability. Using euro…

1 week ago

The exorbitant privilege of the periodic table

Trade in critical metals essential for electrification has become centred on China over the last three decades. This column introduces…

1 week ago

Quantifying the China discourse

Policy narratives in the US on China have undergone a dramatic transformation in recent years. Increasingly, China is viewed as…

1 week ago