GECMagz

Italy and the cost of unintelligible laws: 110 billion euros a year

Over the past 30 years, laws in Italy have become longer, more convoluted, and frequently unintelligible even to seasoned legal…

7 months ago

How central bankers speak about climate and what this means for financial markets

Central banks have increasingly engaged with climate-related topics in their public communication, but little is known about the drivers and…

7 months ago

EU jobs and US trade: Navigating change

Trade uncertainty between the EU and the US – driven by the announcement of new tariffs and a volatile global…

7 months ago

Chat Bankman-Fried: An experiment on LLM ethics in finance

As large language models gain traction, it is important to ensure that decisions delegated to them comply with ethical and…

7 months ago

When beliefs shape policy outcomes: Lessons from preferential college admissions in Chile

Preferential college admission is gaining traction worldwide as a means to address inequality in higher education, drawing greater attention to…

7 months ago

Filtering labour market data optimally to detect recessions early and accurately

The timely detection of recessions is critical for an effective policy response. Yet, in the US, the official declaration from…

7 months ago

Risks in the new international trade landscape

Global trade is entering a new era shaped by geopolitical alignment and China’s evolving role. China has become a direct…

7 months ago

Recent patterns in global risk behaviour in financial markets

Following the US tariff announcements in early April, the US dollar strongly depreciated while US Treasury yields rose. This column…

7 months ago

Charitable giving in wartime: Evidence from Ukraine’s war fundraising

In the context of debates about alternative financing plans for Ukraine’s wartime economy (Becker et al. 2025) – such as…

7 months ago

Explaining firm-level reactions to macro shocks

Understanding differences in firm responses to macroeconomic shocks is key for designing policy actions. This column identifies 67 macro shocks…

7 months ago