Higher interest rates drag Swiss National Bank to $3.6 billion loss
The Swiss National Bank on Monday posted an annual loss of 3.2 billion Swiss francs ($3.62 billion) for 2023, as a switch to positive interest rates
Inflation expectations: Making all the information count
Surveys find heterogeneity among individuals’ expectations. This heterogeneity, when explicitly accounted for, modifies standard models of inflation dynamics. This column proposes a novel way of
Health insurance expansion reduced height inequality in Europe
The third UN Millennium Development Goal seeks to ensure a healthy life “for all”. Using height inequality as an indicator, this column shows that the
A proposal to refocus the EU Carbon Border Adjustment Mechanism on preventing carbon leakage
Negotiations over phasing out fossil fuels at the COP28 climate summit highlighted how difficult it is for the international community to coordinate climate policies. This
A framework for geoeconomics
Discussion of ‘geoeconomics’ – countries using their economic strength to achieve geopolitical goals – has increased rapidly following the imposition of Western sanctions on Russia.
OpenAI to name new board members within a month, Washington Post reports
ChatGPT-maker OpenAI is planning to appoint several new board members within the next month, the Washington Post reported on Thursday, citing a person familiar with
Relationship stickiness in international trade
The vulnerability of supply chains to disruptions is closely related to the dynamics of firm-to-firm trade relationships. This column introduces a new measure of ‘relationship
Fiscal deteriorations around elections in emerging market and developing economies
In emerging market and developing economies, primary fiscal deficits, primary government expenditures, and government wage bills have tended to rise significantly around election years –
The unequal impact of the 2021-2022 inflation surge on euro area households
Prices across many advanced economies surged in 2021-22. This column estimates the impact of this inflation shock on euro area households. It shows that higher
The commercialisation of university research: The role of people versus place
University-based research has long been seen as a source of innovation and economic growth, but many discoveries made by university faculty never realise their full
