As African leaders convene in Brazzaville to discuss the forest agenda, it is crucial to reflect on how the Congo Basin and its vital ecosystem can deliver a better future for Africans and the world. The Congo Basin, known as the “lungs of Africa”, is the world’s largest net carbon sink and a crucial buffer […]
Carbon pricing initiatives, in the form of carbon taxes or emissions trading systems, have mushroomed in the last two decades, providing an opportunity to better understand their economic consequences. This column shows that emissions trading systems are associated with larger volatility in consumer price inflation, while no significant impact is found in the case of […]
Why don’t more households participate in the stock market? The two reasons often cited in the literature are risk aversion and frictions that prevent participation, such as the cost of maintaining a brokerage account or of paying attention to the markets. This column exploits firms switching their default asset allocation from a money market fund […]