Bookmarks (212)

  • Low rates and bank stability: The risk of a tipping point | VOX, CEPR Policy Portal

    Policy rates in advanced economies are unusually low. This phenomenon has competing effects: low rates harm...

  • Judging under public pressure | VOX, CEPR Policy Portal

    In many settings, independent decision makers employed to make determinations in disputes or contests between parties...

  • Inequality is an urban affair, and it’s due to new tech | VOX, CEPR Policy Portal

    The adoption of information technology can cause polarisation in the labour market via the displacement of...

  • Natural experimenters: Nobel laureates David Card, Joshua Angrist, and Guido Imbens | VOX, CEPR Policy Portal

    The 2021 Nobel Prize in Economic Sciences has been awarded to David Card of the University...

  • How highways shape regional disparities | VOX, CEPR Policy Portal

    The development of the Swiss highway network from 1960 to 2010 influenced the residential and job...

  • Strengthening semiconductor manufacturing | VOX, CEPR Policy Portal

    During the COVID-19 pandemic many countries experienced difficulty obtaining the semiconductors that are vital for smartphones, computers,...

  • Rethinking financial globalisation | VOX, CEPR Policy Portal

    Even after their role in the global financial crisis, globalised, minimally regulated financial markets are still...

  • ECB monetary policy and catch-up inflation | VOX, CEPR Policy Portal

    In July, the ECB issued its first Strategic Review since 2003. The latest CfM-CEPR survey investigates one component of the announced policy shift:...

  • Ageing and the real interest rate in Japan | VOX, CEPR Policy Portal

    The Japanese economy has experienced a prolonged slowdown in growth and persistent declines in the real...

  • The search for a congruent euro area policy mix | VOX, CEPR Policy Portal

    The way European policymakers solve the policy mix trilemma of asymmetric fiscal rules, no central fiscal...

  • Bias in news coverage during the 2016 US election | VOX, CEPR Policy Portal

    With the array of television news networks, the expansion of internet services and the rise of social media, voters see more images daily than...

  • Redistributive effects of a monetary easing across generations | VOX, CEPR Policy Portal

    By boosting labor incomes and asset prices, a monetary easing is often believed to benefit the...

  • Simulating the future of global automation, its consequences, and evaluating policy options | VOX, CEPR Policy Portal

    Despite clear economic benefits of new digital technologies, slow median wage growth has led many to...

  • Global evidence on profit shifting: The role of intangible assets | VOX, CEPR Policy Portal

    Profit shifting has come to the fore with the recently released Pandora Papers. This column uses a new global...

  • On the economic geography of climate change | VOX, CEPR Policy Portal

    Climate change is a defining challenge of our times. This column introduces a special issue of...

  • Globalisation and inflation: Insights from the ECB strategy review | VOX, CEPR Policy Portal

    Since the start of the pandemic, inflation has re-entered mainstream discussion. This column reviews the analysis...

  • Antidumping duties, prices, and China | VOX, CEPR Policy Portal

    The recent combination of resurging demand and continuing disruptions in supply chains has led to a...

  • Why military purchasing power parity matters | VOX, CEPR Policy Portal

    US military spending is said to be greater than the next 11 countries combined. However, the...

  • Poverty and exposure to Covid-19: The role of income support | VOX, CEPR Policy Portal

    In many countries, poorer people have been more exposed to Covid-19 as they cannot afford to...

  • An all-weather economic policy framework for the euro area | VOX, CEPR Policy Portal

    The euro area’s economic policy framework was created in the early 1990s, when neutral interest rates...

  • No brainers and low-hanging fruit in national climate policy | VOX, CEPR Policy Portal

    The target for global warming agreed on in the 2015 Paris Agreement implies that effective policies...

  • Simpler approaches to a global tax plan | VOX, CEPR Policy Portal

    More than 130 countries have lined up in favour of a global redesign of corporate taxes....

  • The robots are reshoring! | VOX, CEPR Policy Portal

    Robots and offshoring are blamed for destroying manufacturing jobs in advanced economies. But could automation also...

  • No Brainers and Low-Hanging Fruit in National Climate Policy | VOX, CEPR Policy Portal

    The target for global warming agreed on in the 2015 Paris Agreement implies that effective policies...

  • Lessons from the 2011 US debt ceiling crisis | VOX, CEPR Policy Portal

    Once again, the US finds itself in the midst of a debt ceiling crisis, but what...

  • Reallocation effects of the minimum wage | VOX, CEPR Policy Portal

    In January 2015, Germany introduced a uniform minimum wage of €8.50. Many economists and media outlets...

  • Distrust versus speculation: The drivers of cryptocurrency investments | VOX, CEPR Policy Portal

    Some see cryptocurrencies as a potential substitute for fiat money and commercial banking, a new form...

  • Another disinflationary force vanishes! | VOX, CEPR Policy Portal

    Since the financial crisis of 2007/08, bank equity regulation has been tightened. This is one reason...

  • Enhancing the contribution of intangible assets to productivity | VOX, CEPR Policy Portal

    Intangible assets are at the heart of firms’ competitiveness, but financing them is complex for many...

  • A novel risk-management perspective for macroprudential policy | VOX, CEPR Policy Portal

    When managing financial imbalances, macroprudential policymakers face an intertemporal trade-off between facilitating short-term expected growth and...

  • Recycling revenue to improve political feasibility of carbon pricing in the UK | VOX, CEPR Policy Portal

    Despite climate justice advocates continuing to highlight climate inequities along racial, gender and class dimensions and...

  • Evidence on the effects of work requirements in safety net programmes | VOX, CEPR Policy Portal

    Proponents of work requirements for social safety net programmes argue that they promote self-sufficiency by encouraging...

  • Mandatory corporate carbon disclosures and the path to net zero | VOX, CEPR Policy Portal

    The overwhelming majority of publicly listed companies around the world still do not disclose their carbon...

  • Trust in the ECB during the pandemic | VOX, CEPR Policy Portal

    In turbulent times, trust in our central banks is important. This column uses the survey data on consumer...

  • Rethinking pension systems in Europe for a post-Covid-19 world | VOX, CEPR Policy Portal

    The past three decades have witnessed reform efforts to contain pension expenditures, the cost of which...

  • Covid vaccination experiences | VOX, CEPR Policy Portal

    The approval of several effective covid vaccines in record time shifted the emphasis in rich countries...

  • Using AI to target aid in Togo | VOX, CEPR Policy Portal

    There is often an urgent need for humanitarian assistance in low-income countries. But how can it...

  • The current bail-in design does not resolve the too-big-to-fail problem | VOX, CEPR Policy Portal

    Since the Great Financial Crisis, bail-in has been introduced as an approach to address too-big-to-fail and...

  • Scapegoating of ethnic minorities | VOX, CEPR Policy Portal

    Scapegoating refers to a social phenomenon whereby members of an aggrieved majority group retaliate against innocent third parties, usually members of vulnerable...

  • The growing global spillovers from emerging markets | VOX, CEPR Policy Portal

    Covid-19 has further exposed the growing interdependence between advanced economies and emerging markets. Most of the...

  • COVID-19, job retention schemes and productivity | VOX, CEPR Policy Portal

    Job retention schemes during the pandemic prioritised preservation over reallocation, but evidence on their allocative and...

  • The effectiveness of ECB euro liquidity lines | VOX, CEPR Policy Portal

    Swap and repo lines have become an integral part of the ECB’s toolkit. During the Global...

  • The demise of Doing Business: Goodhart’s Law in action | VOX, CEPR Policy Portal

    The World Bank permanently suspended its Doing Business project earlier this month. This column argues that...

  • Cash transfers and consumption during the COVID-19 pandemic | VOX, CEPR Policy Portal

    During the rapid spread of COVID-19 in Japan, the Japanese government decided to provide a Special...

  • Revisiting the link between corporate debt overhang and investment | VOX, CEPR Policy Portal

    Corporate debt has increased substantially in many parts of the world during the pandemic, raising concerns...

  • Defying the odds: Remittances held up during the COVID-19 pandemic | VOX, CEPR Policy Portal

    Despite early predictions of a large collapse, remittance flows to developing countries have been surprisingly resilient...

  • Evidence on environmental risk-pricing by banks | VOX, CEPR Policy Portal

    The transition to a carbon-neutral economy requires firms and banks to have environmental consciousness, raising the...

  • Pitching with passion | VOX, CEPR Policy Portal

    If you want your startup to be funded, everybody knows you have to dial up the...

  • On the benefits of repaying | VOX, CEPR Policy Portal

    Do countries benefit from servicing their debts during times of sovereign defaults? Colombia is typically regarded...

  • Quantitative easing and conventional monetary policy have similar side effects | VOX, CEPR Policy Portal

    Quantitative easing is often criticised due to side effects on asset price valuation and risk taking....