GECMagz

Task-based returns to generative AI: Evidence from a central bank

Generative AI tools such as GPT-4o are now widely accessible, but there is still limited experimental evidence on how they…

7 months ago

Under pressure? Central bank independence meets blockchain prediction markets

The independence of monetary authorities from political interference is a foundational principle of modern central banking, and understanding whether threats…

7 months ago

The post-pandemic disinflation: Low sacrifice, high prices

By some criteria, the post-pandemic disinflation was a triumph for central banks in advanced economies: inflation fell sharply from 40-year…

7 months ago

The impact of the 2025 US tariff announcements on UK firms

During the first half of 2025, the US and some of its trading partners announced significant changes to tariff policies.…

7 months ago

Time to be strategic: How public money could power Europe’s green, digital, and defense transitions

Europe is facing unprecedented financing challenges as it seeks to transform its economy while addressing new defence commitments. The scale…

7 months ago

An alliance for open trade: How to counter Trump’s tariffs

The US administration’s latest threat to impose sweeping new tariffs on many of its closest allies signals a renewed embrace…

7 months ago

The (projected) cost of Russian aggression

Russia’s full-scale invasion of Ukraine in 2022 marked an end to stability in Europe and beyond and fundamentally altered the…

7 months ago

Firms, family-friendly policies, and fertility

Family-friendly policies often aim to make it ‘easier’ to have children, yet little is known about how firms respond to…

7 months ago

The value of words: Evidence from non-financial disclosure regulation

Many studies have highlighted the role of financial, and more recently non-financial, disclosure in mitigating information asymmetries between firms and…

7 months ago

Macroprudential policy for banks: Build the countercyclical capital buffer when there is headroom for doing so

Numerous central banks started to build the countercyclical capital buffer as bank profitability began to soar during the recent tightening…

7 months ago