As we approach COP29, modelling the relationship between climate variables – such as temperature and precipitation – and economic output offers valuable insights into the potential economic damage resulting from future climate change (Bilal and Rossi-Hansberg 2023). However, researchers encounter substantial uncertainty when examining these impacts (Aerts et al. 2024), which leads to a wide […]
In September 1433, Cosimo de’ Medici, the founder of the Medici dynasty, was summoned to appear before the Signoria, the government of Florence, to be informed of his exile from the city. This decision resulted from the allegation that Cosimo had attempted to manipulate the outcomes of the selection process for government members. In response, […]
It is well understood that real estate lending booms can cause financial crises and weak recoveries (Schularick et al. 2014). Raising house prices that go hand-in-glove with soaring mortgage borrowing should, therefore, be seen as a cause of concern. Taking the UK as a case in point, Figure 1 shows how over the past three […]
The economics of space is no longer the province of science fiction. However, the economics profession has paid little attention to space exploration as a dynamic market. This column argues that economists should turn their attention to the stars, harnessing opportunities that beckon beyond Earth’s limits. A variety of concepts from standard economics can be […]
You May Like
-
Four Ways to Manage Rural Solid WasteJuly 8, 2024
