GECMagz

Extractive taxation and the French Revolution

Extractive taxation is considered one of the main causes of the French Revolution. This column exploits regional variations in the…

1 year ago

Redirecting Chinese exports from the US: Evidence on trade deflection from the first US-China trade war

With the prospect of far-reaching decoupling of goods trade between China and the US, fears of deflection of Chinese exports…

1 year ago

Who supplies and demands safe assets – and why it matters

Safe assets are the building blocks of modern financial markets. This column examines the sectoral dynamics of safe assets across…

1 year ago

Greening West African Soils

The path to achieving a resilient agri-food sector to enhance food and nutrition security (FNS) stands at a crossroad in…

1 year ago

Managing credit in dollarised economies: The effective but asymmetric effects of foreign currency reserve requirements

Emerging markets with partially dollarised financial systems are particularly vulnerable to global financial cycles. This column examines how reserve requirements…

1 year ago

On the fragility of the nonlinear Phillips curve interpretation of recent inflation

The inflationary episode from 2021 to 2023 reignited the debate on the nonlinearity of the Phillips curve. Aggregate and city-level…

1 year ago

Partisan politics and global supply chains: How CEO political alignment shapes trade decisions

Against a backdrop of escalating geopolitical tensions and rapidly shifting global alliances, policymakers are advocating strategies such as ‘friendshoring’ to…

1 year ago

Double Blow: Drug Tariffs and Wage Hikes Threaten California’s Pharmacies

In the dim basement of a Salt Lake City pharmacy, hundreds of amber-colored plastic pill bottles sit stacked in rows,…

1 year ago

Rapidly expanding school voucher programs pinch state budgets

In submitting her updated budget proposal in March, Arizona Gov. Katie Hobbs lamented the rising costs of the state’s school…

1 year ago

The local effects of artificial intelligence labour investments: Evidence from the municipal bond market

The long-term effects of artificial intelligence are still unknown, as productivity benefits may be compromised by unintended costs. This column…

1 year ago