GECMagz

Rebuilding the world order: Two strategies for a fragmented world

The postwar international order is no longer functioning as its architects intended. Rules remain, but their authority has weakened. Institutions…

2 months ago

Dollar erosion: The macroeconomic consequences of losing reserve currency status

The dollar's role as the world's reserve currency has been blamed for an overvalued exchange rate that hollows out US…

2 months ago

Occupational licensing across countries: New evidence from 44 nations

Occupational licensing has become an increasingly important topic in labour market policy. Governments across advanced economies are debating whether licensing…

2 months ago

How oil price shocks redraw the map of conflict

Oil price shocks do not simply make conflict more likely everywhere; they change where violence happens. Using monthly georeferenced data…

3 months ago

Place-based industrial policies in the long run

There is growing evidence that place-based industrial policies lead to positive economic effects. This column analyses the “Million-Rouble Plants” programme…

3 months ago

The new EU Pay Transparency Directive may reshape wages and the gender pay gap

Equal pay for equal work has been a core EU principle since the Treaty of Rome was signed in 1957.…

3 months ago

AI, the future of economic research and of the many-handed economist

Globalisation has changed economic research profoundly, making it more comparable, more competitive, and thoroughly quantitative. This column argues that AI…

3 months ago

Higher utilisation explains the recent surge in productivity growth

US labour productivity has accelerated since 2022. Output per hour grew around 2.5% per year from the end of 2022…

3 months ago

Financial globalisation and the weakening of the regulatory cycle

The regulatory cycles view, according to which periods of deregulation encourage greater risk-taking and credit booms, which culminate in financial…

3 months ago

After Credit Suisse, markets find bail-in less credible

When Credit Suisse failed in March 2023, Swiss authorities, against market expectations, set aside the resolution plan and arranged a…

3 months ago