How EU funding programmes could counterbalance the US Inflation Reduction Act
The US Inflation Reduction Act has sparked concern in the EU that it could shift investments to the US, threatening EU competitiveness in burgeoning green
Learning lessons from government guarantee programmes for bank lending to firms
Government guarantee programmes for bank loans to businesses adopted during the COVID-19 crisis were broad in scope and sometimes quite different in their design and
What European politicians think of the ECB: Experimental evidence
What do politicians think of the ECB? Based on an elite survey of the Members of the European Parliament, this column gauges elected policymakers’ attitudes
Why the US doesn’t have national health insurance: The political role of the AMA
The US healthcare system relies on a heavily subsidised and lightly regulated private sector, and despite living in the world’s wealthiest country, millions of Americans
Economic pathways: A new approach to climate policy
To achieve the internationally agreed temperature targets, increasingly stringent climate policies are of utmost importance. This column argues that theory-based scenarios, termed ‘economic pathways’, are
The effect of energy prices on households’ and firms’ inflation expectations
Energy prices have played an important role in the recent surge in inflation. This column analyses the relationship between energy price shocks and inflation expectations
The effect of productivity growth on within-firm inequality
Wage inequality has increased dramatically in the US since the 1970s, largely driven by within-firm earnings inequality. This column uses combined data from three large
Vaccine hesitancy may have historical roots: Evidence from Germany
Vaccine hesitancy continues to pose a challenge not only for low- and middle-income countries, but also for many high-income countries, many of which are confronted
Drivers of investors’ portfolio choices: Separating risk preferences from frictions
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,
Carbon pricing and inflation volatility
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
