GECMagz

The (un)intended consequences of export restrictions

Industrial raw materials such as nickel, cobalt, and rare earths are critical inputs in countless production processes, including renewable energy,…

10 months ago

Financial fragmentation as a vulnerability in euro area bond markets

As European governments scale up investment, bond market stability is more critical than ever. This column shows that financial fragmentation…

10 months ago

Then and now: A look back and ahead at the US federal budget

Economists have long warned of the negative consequences of excessive US public debt (e.g. Friedman 1988). Yet the US government’s…

10 months ago

When loss strikes twice: Health shocks and household financial distress

Financial distress affects roughly one in five adults in OECD countries (OECD 2024). It constrains access to credit, impairs labour…

10 months ago

Tariff avoidance and import measurement: Lessons from the first US-China trade war

Until 2018, the US-China trade data gap was in line with the discrepancies found in the bilateral trade data of…

10 months ago

European defense governance and financing

Europe must urgently strengthen its defence capabilities to secure strategic autonomy. The absence of such capacity leaves the continent vulnerable…

10 months ago

Conflict in dismissals: Evidence from ‘separations by mutual agreement’ in France

Dismissals are costly for firms to implement and have lasting consequences for workers. Two defining features of individual dismissals are…

10 months ago

The unbearable lightness of the sovereign greenium

Since Poland’s pioneering issuance in 2016, more than 30 governments and many government agencies have issued debt instruments labelled as…

10 months ago

Public money, private innovation: How government funding built – and sustains – America’s technological leadership

The US has long been the world’s innovation powerhouse. From semiconductors to the internet, from biotechnology to artificial intelligence, America’s…

10 months ago

AI for financial sector supervision: New evidence from emerging market and developing economies

The rapid development of increasingly powerful AI tools has the potential to reshape business models, market structures, consumer behaviour, and…

10 months ago