Economic losses from climate change are probably larger than you think: New NGFS scenarios
Recent research suggests that the impact of climate change on economic output might have been underestimated in the past. This column reviews the results from
The Medici’s quiet coup: How the wealthy bend politics without shifting institutions
The Medici family ruled Florence for nearly 300 years, patronising the arts and making Florence a cultural centre of Europe. But there was a dark
Impact of insolvency regimes on non-performing loans: Lessons from detailed credit data
Effective insolvency frameworks can address multiple issues in the banking sector. This column examines the impact of insolvency framework reforms on non-performing loans, using a
The rapid adoption of generative AI
The impact of generative AI on the economy hinges on whether it improves productivity in many important work tasks, and how quickly and intensively is
The housing consumption channel of mortgage demand
Many housing markets have experienced a dramatic rise in house prices and mortgage debt over recent decades that has outpaced average income growth. Increased wealth
The expansion of AI will likely shrink earnings inequality
The 1980s and 1990s saw a sharp increase in earnings inequality in the US. As new technologies displaced the routine tasks typically performed by less-educated
The macroeconomic effects of AI innovation
The recent rise of generative artificial intelligence has spurred a heated debate on its potential for economic growth and on the risks of displacing workers.
The cross of gold: Brazilian treasure and the decline of Portugal
Throughout the early modern period, Portugal was a leading European colonial power. But by the 19th and 20th centuries, it was one of the poorest
Economists should point their attention to the stars
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
At BRICS summit, Russia to push to end dollar dominance
Russia is seeking to convince BRICS countries to build an alternative platform for international payments that would be immune to Western sanctions when it hosts
