The Nordic model and income equality: Myths, facts, and policy lessons
The Nordic countries appear to have developed a social and economic model that combines prosperity with equality. This column identifies four key pillars of the
Twitter sentiment and stock market movements: The predictive power of social media
The influence that investor sentiment can have on market movements is often overlooked by traditional financial models. This column analyses nearly three million stock-related tweets
Extreme heat, hospital crowding, and the hidden health costs of climate change
As extreme heat events become more frequent and severe, rising temperatures will increase the incidence of heatstroke, kidney damage, and cardiovascular stress. This column considers
Inflation expectations and anchoring during a disinflation episode: Evidence for euro area firms
The effect of the recent inflation cycle on the anchoring of inflation expectations remains a policy concern. This column documents the evolution of euro area
Mining insights from the underground economy
Economists have long struggled to measure the informal economy, despite its significant role in global economic activity. Previous methods have relied on indirect proxies such
Riders on the storm: The effects of regulating platform work
The platform digital economy has radically transformed labour markets, with food delivery couriers emerging as one of its most visible symbols. This column examines the
Lost in translation: AI’s impact on translators and foreign language skills
Advances in artificial intelligence are rapidly transforming the world of work. This column investigates the effects of machine translation on (1) employment and wages in
Value, values, and the role of awareness
An increase in people’s awareness may be key to realign (economic) value and (ethical) values. This column investigates whether a mismatch exists between the economic
Fat tails and lots of zeros: The nature of international investment
The distribution of international investment, even at the country level, has many zeros and also has fat tails. This makes most linear estimators ill-suited for
The structural transformation of the public space: High street changes and populism
Independent shops and services lining high streets across the UK serve more than a commercial function. This column studies how different types of commercial spaces
