High temperature shocks create monetary policy trade-offs. This column uses a new monthly data set to study how 14 European central banks have responded to abnormally high temperatures in a centennial perspective (1920-2019). High temperature shocks are negative supply shocks to which central banks have reacted by lowering their interest rates. The macroeconomic impact of […]
“AI helps us to learn, it can serve as a tutor, it can be anything you want it to be, depending on the prompt you write,” says Omorogbe Uyiosa, known as “Uyi” by his friends, a student from the Edo Boys High School, in Benin City, Nigeria. His school was one of the beneficiaries of […]
For decades, Comoros has grappled with rice shortages, a persistent issue rooted in the state monopoly held over ordinary rice imports by the National Office of Rice Importation and Trading (Office national d’importation et de commercialisation du riz, ONICOR), a cash-strapped state-owned enterprise (SOE). This situation has led to frequent scarcities (e.g., the documented shortages in 2021, 2022, […]