GECMagz

Carbon pricing and inequality: Understanding the distributional costs of climate policy

Economics offers a century-old fix to climate change: carbon pricing. While widely accepted in policy circles, practical attempts to implement…

3 months ago

The role of spending rigidity in fiscal adjustment

Public debt is at or near record highs in many economies, at the same time as population ageing, climate change,…

3 months ago

How rising bank lending to non-bank financial institutions reallocates credit away from firms

Bank balance sheets on both sides of the Atlantic have undergone a profound transformation. While traditional corporate lending has slowed,…

3 months ago

Firms predict an AI productivity boom is coming

Comparable international survey data on artificial intelligence adoption by firms is still lacking. This column surveys over 5,000 CFOs, CEOs,…

3 months ago

From earth to heaven: The changing drivers of monetary policy

Business cycles in advanced economies are increasingly driven by global rather than domestic shocks. This column shows that global shocks…

3 months ago

What regional data tell us about the euro area Phillips curve

The relationship between inflation and economic slack, shown by the Phillips curve, has long been a cornerstone of economic policymaking.…

3 months ago

How generational turnover and party switching reshape the US political map

Political polarisation in the US has increased dramatically in recent decades, both among political elites (Gentzkow et al. 2019) and…

3 months ago

Central bank digital currency, the future of money, and politics

The public debate about retail central bank digital currency (CBDC) has centred around a range of concerns. Some focus on…

3 months ago

When neighbours stop knocking: The hidden impact of Canada’s 2025 tourism decline on US local labour markets

President Trump’s rhetoric about a possible acquisition of Canada and escalating trade tensions led to a 25% decline in Canadian…

3 months ago

Ray of hope? The rise of solar energy in China

China's solar industry is a poster child for the country’s economic rise over the last four decades. The output of…

3 months ago