GECMagz

Populism’s original sin: Short-term economic consequences of populist policy

Democracy promotes economic development (Naidu et al. 2014, Acemoglu et al. 2019). However, a rising internal threat is spreading across…

2 years ago

Distance from innovation is a barrier to the adoption of artificial intelligence

The extent to which geographic distance is a barrier to technological knowledge transfer is of interest to governments of countries…

2 years ago

The distributional consequences of trade: Evidence from the Grain Invasion

One of the classic insights from international economics is that there are winners and losers from trade. Recent research has…

2 years ago

Economic losses from climate change are probably larger than you think: New NGFS scenarios

As we approach COP29, modelling the relationship between climate variables – such as temperature and precipitation – and economic output…

2 years ago

The Medici’s quiet coup: How the wealthy bend politics without shifting institutions

In September 1433, Cosimo de’ Medici, the founder of the Medici dynasty, was summoned to appear before the Signoria, the…

2 years ago

The housing consumption channel of mortgage demand

It is well understood that real estate lending booms can cause financial crises and weak recoveries (Schularick et al. 2014).…

2 years ago

Economists should point their attention to the stars

The economics of space is no longer the province of science fiction. However, the economics profession has paid little attention…

2 years ago

What financial markets say about the economic implications of a potential Trump election victory

Some of Donald Trump’s policy proposals could have profound macroeconomic implications, but there is large uncertainty around the (net) economic…

2 years ago

Climate beliefs and asset prices

Climate-related risks are now a recognised factor in financial decision-making and therefore in the prices of assets. Two types of…

2 years ago

Spillovers to emerging markets and investor heterogeneity

An important question in international macroeconomics is the degree to which advanced economy (AE) investors impact the economic policies of…

2 years ago