Asset pricing anomalies before modern theory
Asset pricing anomalies documented in the post-WWII period are commonly used to design investment strategies. This column uses historical data over 1900-1925 from nine equity
Customer data access and fintech entry: Early evidence from open banking
Open banking enables customers to share their transaction data with other financial service providers – including incumbent banks or new fintechs – fostering competition, spurring
Child benefits in an international comparative context
In 2021, the US temporarily expanded the Child Tax Credit, a programme intended to support the income of families with children. This column shows that
US election risks and the impact of Trump’s re-election odds on financial markets
Equity markets are already expecting an increase in volatility before the US presidential election. This uncertainty may add to the already high macroeconomic uncertainty. This
Investments in hospital infrastructure reduced mortality in the US South
Both Black and white infant mortality rates in the US have fallen in the past century, but racial inequality in infant mortality is worse. This
From pledge to practice: Assessing the UK’s net zero commitment
In 2019, the UK government became the first major economy to pass laws with a target of net zero by 2050. The May 2024 CfM
The I in LGBTQI+: Socioeconomic and health disparities affecting intersex people in Mexico
In recent decades, LGBTQ+ communities have received increased attention from policymakers. But the issues facing intersex people – whose sex characteristics do not fit binary
How far goods travel: Global transport and supply chains from 1965-2020
Disruptions from conflicts, climate change, and the pandemic have raised the question of whether today’s supply chains and transportation networks more resilient or vulnerable. This
Staggered contracts and unemployment during recessions
Wage rigidity – for example, due to collective contracts – can generate employment fluctuations, particularly during economic downturns. This column studies the impact of downward
Standards for greenhouse gas emissions and fuel economy induce innovation in clean car technologies
Governments around the world mostly rely on two types of policy to reduce greenhouse gas emissions from road transport – fuel taxes, which affect driving
