GECMagz

Financial intermediation and zombie firms: Theory and evidence

Credit market conditions have been identified as a key driver of the prevalence of zombie firms. This column studies the…

10 months ago

Trade shocks and relative consumption: Why the European middle class is turning to the far-right

The literature on the economic origins of political radicalism revolves largely around the ‘China shock’. Yet, trade not only causes…

10 months ago

Corporate climate commitments: A profit-driven strategy, not just empty promises

Since 2016, there has been a surge of commitments for net zero emissions by large firms. This column analyses whether…

10 months ago

How to build comparative advantage in AI-intensive industries: Evidence from US imports

As artificial intelligence is becoming a top priority for businesses and policymakers worldwide, understanding what makes a country competitive in…

10 months ago

It matters even more: Central bank independence, long-run inflation, and persistence

Central bank independence has recently re-emerged as a major concern within political economy discussions. This column shows that improvements in…

10 months ago

Uneven Adoption of Artificial Intelligence Tools Among U.S. Teachers and Principals in the 2023–2024 School Year

Using survey data from the RAND American Educator Panels, the authors examine the use of artificial intelligence (AI) tools and…

10 months ago

Time to Reassess the Costs of Euro-Atlantic Security

In his 1948 Special Message to Congress on the Threat to the Freedom of Europe, President Truman said: “We must be…

10 months ago

Prolific PhD advisors are no guarantee of graduate student research success

Half of the graduates from top economics PhD programmes in the US publish next to nothing in the years following…

10 months ago

Building a $43 Trillion Bridge Across Asia’s Infrastructure Gap

Asia and the Pacific face a daunting infrastructure challenge, requiring sustained investment to enhance connectivity, safety, and resilience. While road…

10 months ago

A jobs agenda for the Middle East and North Africa

The World Bank’s new corporate scorecard sets a critical target: generating millions of well-paying jobs. This is vital for the Middle East…

10 months ago