GECMagz

Financial engineering is no substitute for interest rates: Lessons from Türkiye

The Turkish central bank cut interest rates over 2021-2023, on the politically driven view that higher rates cause inflation. This…

2 weeks ago

Beyond exposure: Predicting AI adoption based on comparative advantage

Predictions about the workplace impact of artificial intelligence often begin with what the technology can do captured by occupations’ exposure…

2 weeks ago

Closing the gap in borrowing costs for emerging market firms

Firms in low- and middle-income countries persistently pay more to borrow than firms in high-income economies. Drawing on a new…

2 weeks ago

Anatomy of a supervisory failure

For its entire 15-year life as a regional bank until its collapse in 2023, Silicon Valley Bank held the same…

2 weeks ago

When trade sanctions increase the target’s trade

Data show that trade sanctions reduce commerce between the countries imposing them and their targets. But this bilateral success can…

2 weeks ago

Competition or collusion: Entry decisions in the Swedish pharmaceutical market

Many countries have adopted different price regulations to contain pharmaceutical prices, even in markets exposed to generic competition. This column…

3 weeks ago

Digitalisation and credit markets: Evidence from eInvoicing

Governments around the world are increasingly mandating the digitalisation of business records, yet little is known about the effects of…

3 weeks ago

Why Europe needs Eurobonds

The 2024 reform of the EU fiscal framework makes fiscal adjustment more country-specific and less procyclical. However, it does not…

3 weeks ago

Why more information can make macroeconomic expectations less accurate: Global evidence from 47 countries

Households do not simply choose how much macroeconomic information to acquire; they choose among sources that differ in representativeness and…

3 weeks ago

How early academic rank shapes high school choices and admissions

Students with the same test score can have considerably different academic ranks depending on their school peers. Using data from…

3 weeks ago