GECMagz

How UK firms are responding to the war in Iran: Early evidence from the Decision Maker Panel

The conflict in the Middle East has pushed energy prices sharply higher, but the implications for UK inflation will depend…

3 months ago

How to get the Green and the Deal: Recalibrating EU industrial policy

European industry is navigating a global economy where the notion of a fair playing field is increasingly out of reach,…

3 months ago

The use and misuse of R&D subsidies and tax credits

R&D subsidies and tax credits are widely used around the world to encourage private sector R&D by reducing its cost…

3 months ago

A way out via the Strait of Hormuz

The US–Iran relationship appears to be at its lowest point in decades. Following the intense strikes launched on 28 February…

3 months ago

How countercyclical capital buffers travel: Internal capital markets and domestic borrowing

Macroprudential capital buffers are designed to make banking systems safer. This column shows that, at the bank–firm level, they do.…

3 months ago

Quantifying the impact of the Iran war on US inflation

The outbreak of the Iran war in February 2026 has led to a major disruption to oil trade and a…

3 months ago

The effects of geopolitical supply chain shocks on policy preferences of firms

Governments around the world have tightened restrictions on trade and investment based on economic-security justifications. The COVID-19 pandemic and rising…

3 months ago

The macroeconomic consequences of undermining central bank independence: Evidence from governor transitions

In recent years, several high-profile episodes have renewed concerns about central bank independence in practice, as governments exert pressure on…

3 months ago

When public money multiplies, and when it does not: A guide to the catalytic effect of blended finance

Achieving sustainable development goals needs blended finance, where public money is used to crowd in larger private capital flows. The…

3 months ago

Geopolitical oil price shocks: Why these shocks hit harder

When geopolitical crises strike, oil prices often surge, with consequences that extend far beyond energy markets. This column shows that…

3 months ago