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
Bitcoin drops 7.8% to below $60,000
Bitcoin dropped 7.8% to $59,215 at 8:50 pm GMT on June 24.
UBS completes merger of Swiss business with Credit Suisse
Swiss bank UBS has completed the merger of its domestic unit with Credit Suisse’s operations in its home market, the bank said on Monday, adding that
The new curse of critical minerals
A race is raging among global powers to secure access to critical minerals to power the simultaneous energy and digital transitions the world is experiencing.
Lessons from history: How removing barriers to knowledge can spur innovation
At the end of the 19th century in Italy, books and manuscripts were transferred from monasteries to public libraries, making much of the knowledge safeguarded
Educational scarring and the cost of business cycles
Policies aimed at reducing economic fluctuations primarily focus on disruptive recessions, but booms may also have hidden costs. A rise in wages increases the opportunity
Gendered change: 150 years of transformation in US hours
The 2023 Nobel Committee awarded the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel to Claudia Goldin. Among her many contributions is
The digital euro can strengthen financial stability, with limits
The ECB’s Governing Council moved to the preparation phase of the digital euro in October 2023. This column studies the implications of the digital euro
How students, parents, and teachers affect the integration of minorities in the classroom
Integrating ethnic minorities in the classroom enriches the educational environment, but some studies find that it lowers student test scores. This column explores what may
