The price of housing in the US, 1890-2006
Housing is at the core of economics. It represents most households’ largest asset, and rent similarly accounts for a significant portion of inflation indexes as
Import competition and US sentiment toward China
The US-China relationship is arguably the most important bilateral relationship of the 21st century. This column explores the link between trade imbalance and US sentiment
The US fiscal mess: Some unpleasant fiscal simulations
Based on recent projections, the US federal debt is expected to grow to historic highs over the next decade. This column uses the FRB-US model
AI financial crises
The rapid adoption of artificial intelligence is transforming the financial industry. This first of a two-column series argues that AI may either increase systemic financial
Flood risk and credit to SMEs
Floods are becoming more common and costly as a result of climate change. This column uses localised data from three European countries to identify the
A diverse investor base impacts the effectiveness of large-scale asset purchases
To combat the Great Recession following the 2008 financial crisis and the more recent pandemic recession, central banks around the world purchased unprecedented quantities of
The history of pre-modern European universities in a nutshell
Faculty mobility has been a hallmark of universities since their inception. The connections forged between distant campuses has facilitated the exchange of manuscripts and students,
The global semiconductor talent crunch: How protectionism backfired
The US aims to revitalise its domestic semiconductor manufacturing industry, but will there be enough skilled workers to meet the ambitious goals? This column presents
Deciphering the disinflation process
US inflation surged in the early post-COVID period, driven by various economic shocks including supply chain disruptions and labour supply constraints. Following its peak at
How to cut the UK debt interest bill
UK bond yields are currently higher than the G7 average, leading to historically high debt interest payments. Importantly, the level of breakeven inflation embedded in
