GECMagz

Macrofinance meets AI: Evaluating alignment between LLMs and economists

Many public institutions are now experimenting with AI tools to support surveillance, supervision, and policy analysis, raising questions about which…

2 months ago

Nine centuries of cultural change and the productivity of ideas

Economic historians have long placed culture at the centre of the rise of the West, but have lacked a measure…

2 months ago

The bank collateral channel of monetary policy: Evidence from securities losses

Sharp increases in interest rates can reduce the market value of banks’ securities holdings and threaten financial stability. Using euro…

2 months ago

The exorbitant privilege of the periodic table

Trade in critical metals essential for electrification has become centred on China over the last three decades. This column introduces…

2 months ago

Quantifying the China discourse

Policy narratives in the US on China have undergone a dramatic transformation in recent years. Increasingly, China is viewed as…

2 months ago

Revisiting immigration’s effect on US wages and employment

Anti-immigration policies often rest on the premise that immigrants worsen native-born employment and wages. This column uses data from 2000…

2 months ago

An autopsy of the voluntary carbon market

The voluntary carbon market was built on a single promise: that one credit cancels one tonne. Most scrutiny has asked…

2 months ago

Macroprudential policy may curb innovation – but instrument choice matters

Macroprudential policy has become a central pillar of the post-crisis regulatory framework, designed to limit systemic risk by restraining excessive…

2 months ago

Japan’s productivity transformation: From within-firm stagnation to market-driven reallocation

Discussions on Japan’s ‘lost decades’ have long focused on sluggish demand and the survival of ‘zombie’ firms. However, new evidence…

2 months ago

The scramble for critical minerals: An old curse in a new world

Lithium, cobalt, nickel, copper, and rare earth elements are reshaping global trade and great-power politics in ways reminiscent of the…

2 months ago