GECMagz

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…

1 month 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…

1 month 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…

1 month 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…

1 month 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…

1 month 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…

1 month 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…

1 month 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…

1 month ago

Monetary policy transmission through cross-selling banks

When central banks raise or lower policy rates, banks typically pass these changes through only incompletely to the interest rates…

1 month ago

Rewiring trade for a warming world: How COP30 can turn climate goals into trade rules

COP30 in Belém has made one thing unmistakably clear: environmental sustainability can no longer be siloed from global trade. The…

1 month ago