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
The import channel of the resource curse
Natural resource dependence subjects economies to macroeconomic and structural challenges. The focus of attention in the ‘resource curse’ literature has been on the export side,
Central bankers and trade ministers: How monetary policy can prevent trade wars
Trade wars can have large macroeconomic consequences, but there is limited focus on the interaction between optimal trade and macroeconomic policies. This column studies the
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
