GECMagz

Of AI bubbles and crashes

Warnings of an AI stock market bubble abound. Should investors and policymakers be concerned? This column argues that innovation-driven bubbles…

3 months ago

Conditional budgeting: Striking a balance in EU economic governance

For decades, discussions about increasing the EU budget or issuing joint debt have been stymied by mistrust between member states.…

3 months ago

Decoupling without deglobalisation: The new geography of trade blocs

As geopolitical tensions rise, fears of ‘deglobalisation’ have taken centre stage. The US–China trade war, Brexit, and Russia’s invasion of…

3 months ago

The Great Divergence and the Great Reversal: A new approach to global economic history

The starkly different paths of economic development followed by China and the West leading to the Industrial Revolution is often…

3 months ago

Hidden growth in US manufacturing productivity

Manufacturing is a locus of innovation, yet standard industry data show manufacturing productivity stagnating in the US. This column argues…

3 months ago

Rational inattention and information provision experiments

Surveys with information provision experiments, a form of randomised control trials, have become popular in economics (for review articles, see…

3 months ago

Bilateral trade in services: A new research database

While trade debates focus on tariffs and goods, services have quietly defied deglobalisation and become an increasingly important driver of…

3 months ago

The enormous economic burden of age-related diseases in South America

As populations age, noncommunicable diseases and mental health conditions are draining South American economies, reducing labour supply and diverting resources…

3 months ago

Bank climate commitments and green lending in emerging markets

The transition to a low-carbon economy will require trillions of dollars in annual investment over the coming decades. Recognising this…

3 months ago

Intangible capital in France and Germany: Measurement issues and their impact on productivity

The productivity gap between Europe and the US has continued to widen in recent decades (Adilbish et al. 2025). Closing…

3 months ago