GECMagz

The unequal burden of oil shocks: Labor markets and monetary policy

The war in Iran has sent oil prices sharply higher, reviving the question of who bears the cost of energy…

4 weeks ago

When private insurance buys faster access to public care

Supplemental private health insurance is becoming more common in universal healthcare systems as a way to secure faster access to…

4 weeks ago

Increasing employment in pre-retirement years slows cognitive decline

Dementia affects an estimated 6 million Americans, and is the leading cause of neurological disability and the third leading cause…

4 weeks ago

Why some digital payment systems replace cash and others don’t

Digital payment systems promise to extend financial services to people underserved by banks, and overcoming barriers to the adoption of…

1 month ago

One global shock, many inflation paths: Inflation persistence after the Great Moderation

The post-COVID inflation surge was global, but inflation persistence was not. This column argues that the key difference lies in…

1 month ago

US consumer savings from shale gas

Shale gas was initially hailed as a “revolution”, but the vast amounts of US natural gas production made possible by…

1 month ago

Market-implied inflation expectations during the Iran shock

Real-time assessments of inflation expectations can be valuable for assessing the inflation outlook. This column decomposes inflation swaps for the…

1 month ago

Not all foreign exchange reserves are created alike

The motives for the accumulation and management of foreign exchange reserves are a key topic in international economics. This column…

1 month ago

Cheaper machines, costlier buildings: The drag on long-run growth

The steady decline in the relative price of equipment has long been seen as a primary engine of long-run growth.…

1 month ago

The transatlantic divide in labour’s share of income

Across advanced economies, workers have been receiving a smaller share of national incomes. This column compares the evolution of labour’s…

1 month ago