The commodity transmission channel of monetary policy and inflation dynamics
Changes in US monetary policy can have significant effects on global markets, including commodity markets. This column analyses the commodity channel of monetary transmission in
Lost in the green transition: Measurement and stylised facts
Greening the economy will entail the contraction of high-polluting jobs. This column presents new OECD research using labour force data from a large sample of
Unemployment risk, portfolio choice, and the racial wealth gap
The racial wealth gap in the US has widened since 1980, in part because white Americans invest a larger share of their wealth in the
Large, broad-based macroeconomic and financial effects of natural disasters
As the planet warms, the escalation in both frequency and severity of natural disasters be-comes a pressing concern. This column uncovers significant, sustained adverse effects
On the origins of national identity: German nation-building after Napoleon
Nationalist movements are experiencing a global revival, attracting new followers and unsettling policy agendas around the world. This column examines the emergence of a German
Selling England (no longer) by the pound: Currency mismatches and the dollarisation of UK exports
In the aftermath of the depreciation that followed the Brexit referendum in 2016, UK exporters progressively shifted to invoicing most of their exports in dollars,
The first national calculation of mortality of the US homeless population
It is well established that those with lower incomes tend to have worse health outcomes. But whether this relationship extends to the most disadvantaged in
Doing green things: Skills, reallocation, and the green transition
Decarbonising the world economy will require workforces with the skills to support the diffusion of climate-friendly technologies. The effects of reforming education systems can be
Business as usual: Bank net zero commitments, lending, and engagement
In recent years, banks have increasingly embraced net zero commitments as part of their strategy to address climate change. This column finds limited evidence to
High markups reduce pass-through of cost-push shocks, but only when the shocks are disinflationary
To what extent high markups have shaped the recent inflation dynamics? This column presents evidence from the US on how markups affect the pass-through of
