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
Fake news: Susceptibility, awareness, and solutions
The proliferation of fake news poses a growing global threat, affecting politics, individual decision-making, and economic outcomes. This column discusses how informing individuals about their
The economics of social media
The growing interest in regulating the market power and influence of social media platforms has been accompanied by an explosion in academic research. This column
Interest rates and exchange rates when the money supply goes up
The power of monetary policy to affect interest rates and exchange rates depends on the downward slope of the demand function. This column uses the
