The world’s rust belts: The heterogeneous employment effects of deindustrialisation
Most industrialised nations have experienced a notable decline in manufacturing employment, sparking concerns over regions being ‘left behind’. Many policies have been proposed to limit
Why history continues to shape racial inequality in the US
Nearly 160 years after the end of slavery, significant disparities persist between Black and white Americans. This column studies the long-run effects of slavery, and
Emissions reduction, fiscal costs, and macro effects: An assessment of IRA climate measures and complementary policies
The Inflation Reduction Act aims to narrow the gap between greenhouse gas mitigation pledges and implementation in the US. This column uses a novel IMF
Political and socioeconomic effects of Reconstruction in the American South
After the American Civil War, Black people in the South were granted new political and civil rights, only for such gains to be reversed within
Climate polarisation and green investment
Climate change is a topic that is especially prone to political polarisation and ‘asymmetric updating’ – the tendency for people to assign more weight to
The long-lasting electoral consequences of regional transfers
As interest in regional industrial policies grows, understanding the impact of place-based programmes on political preferences becomes more important. Indeed, government transfers can have a
Lost in transmission
The verbal transmission of information – through conversations with friends or strangers, via television or podcasts – is an imperfect process, one that often introduces
A circular relationship between productivity and hours worked
The slow decline in average hours worked and low productivity growth in recent decades contrast sharply with the large changes observed in the 20th century.
The global sanitary revolution in historical perspective
Modern waterworks and sewerage systems emerged around the world over the period 1850–1950. Today, there are gaping differences in available sanitary infrastructure. This column tracks
The growth of the South in global finance: New bilateral data and stylised facts
The countries of the Global South are becoming increasingly important actors in the global financial economy. This column uses a comprehensive new bilateral dataset on
