GECMagz

Income, democracy, and growth: Broadening the perspective

The long‑running debate on the income–democracy nexus contrasts two opposing views on the direction of causality. According to the modernisation view (Lipset…

3 weeks ago

Geopolitics as a monetary shock: The ‘silent tightening’ in the European banking system

The debate about the economic consequences of Russia’s invasion of Ukraine has focused on supply-side concerns such as soaring energy…

3 weeks ago

An update on the great reallocation in US supply chain trade

The era of ‘hyperglobalisation’ that defined world trade in the early 21st century has given way to a more fractured…

3 weeks ago

When broadband comes to banks: Credit supply, market structure, and information acquisition

Banks have long relied upon cutting-edge technologies to deliver products and improve efficiency, but there is limited evidence on the…

3 weeks ago

Socioeconomic inequality in longevity is larger than we thought

It is well established that individuals with higher socioeconomic status (SES) live longer than those with lower SES, and that…

3 weeks ago

Minimum wages and insurance within the firm

Debates over minimum wages have intensified in recent years (Roth et al. 2022) as policymakers seek tools to reduce inequality…

3 weeks ago

Forecasting inflation: The sum of the cycles outperforms the whole

Accurately assessing inflation pressures remains a central challenge for monetary policy. Inflation movements arise from heterogeneous forces operating at different…

3 weeks ago

Tariff reciprocity and the True Cost of Protection Index

Effective tariff index comparisons are spotlighted in media reports on trade wars and trade talks. This column argues that the…

3 weeks ago

Central bank digital currency and monetary sovereignty

The European Central Bank’s work on a digital euro has increasingly been framed as a matter of monetary sovereignty. In…

3 weeks ago

What we can learn from public debt reductions in OECD countries

Across the OECD, general government gross financial liabilities reached 111% of GDP at the end of 2024, almost 40 percentage…

3 weeks ago