GECMagz

How oil price shocks redraw the map of conflict

Oil price shocks do not simply make conflict more likely everywhere; they change where violence happens. Using monthly georeferenced data…

2 months ago

Place-based industrial policies in the long run

There is growing evidence that place-based industrial policies lead to positive economic effects. This column analyses the “Million-Rouble Plants” programme…

2 months ago

The new EU Pay Transparency Directive may reshape wages and the gender pay gap

Equal pay for equal work has been a core EU principle since the Treaty of Rome was signed in 1957.…

2 months ago

AI, the future of economic research and of the many-handed economist

Globalisation has changed economic research profoundly, making it more comparable, more competitive, and thoroughly quantitative. This column argues that AI…

2 months ago

Higher utilisation explains the recent surge in productivity growth

US labour productivity has accelerated since 2022. Output per hour grew around 2.5% per year from the end of 2022…

2 months ago

Financial globalisation and the weakening of the regulatory cycle

The regulatory cycles view, according to which periods of deregulation encourage greater risk-taking and credit booms, which culminate in financial…

2 months ago

After Credit Suisse, markets find bail-in less credible

When Credit Suisse failed in March 2023, Swiss authorities, against market expectations, set aside the resolution plan and arranged a…

2 months ago

Opening the black box of Europe’s new fiscal rules

The EU's fiscal rules in force since 2024 are often criticised for their complexity. The official implementation requires thousands of…

2 months ago

The macroeconomic impact of the Recovery and Resilience Facility: An analysis for Italy, Spain, and Greece

The EU Recovery and Resilience Facility was launched to support post-Covid recovery while accelerating structural transformation through investment and reform.…

2 months ago

How large current account imbalances unwind: Evidence from historical adjustment episodes

Global imbalances are back in the policy debate. The persistence of large current account deficits and surpluses is again being…

2 months ago