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Measuring term pemia

Extracting measures of term premia from the term structure of interest rates is important to evaluate the response of financial markets to monetary and fiscal

The new economics of industrial policy

Industrial policy is at the heart of the current economic discourse, propelled by major legislative acts from the Biden administration. This column presents an analysis

Imagine a better climate pact than COP

This year’s United Nations climate summit in Dubai is unlikely to achieve much because all 197 states must agree on decisions. The need for unanimity