Road traffic flow and air pollution concentrations: Evidence from Japan
Major cities around the world have introduced various policies to reduce or manage road traffic flows, but the extent of their pollution-reducing effects remains unclear.
Taxing the wealthy: The choice between wealth and capital income taxation
Taxing the wealthy effectively and equitably presents a choice between wealth and capital income taxes, each with its own trade-offs. This column compares the effectiveness
Forging a sustainable future together: The report of the High-Level Group on the Future of Cohesion Policy
Cohesion Policy is the main instrument of the EU’s commitment to shared prosperity. A new report from the High-Level Group on the Future of Cohesion
Global supply chain pressures, inflation, and implications for monetary policy
The Covid-19 pandemic led to a significant increase in global supply chain pressures. This column studies the impact of these supply disruptions on euro area
Apple’s exclusionary app store scheme: An existential moment for the Digital Markets Act
Article 6(4) of the Digital Markets Act (DMA), which comes into full force in the European Union on 7 March, requires Apple to permit third-party
Vulnerabilities of the labour market: A new survey-based measure of labour hoarding in the EU
Throughout 2022 and 2023, the EU labour market showed a high degree of resilience in the face of weak growth, which is partly explained by
Financial crises and tax havens
Much of the current research on offshore financial centres has focused on the roles of tax havens in advanced economies, and less is known about
Oil edges up after OPEC+ extends output cuts through second quarter
Oil prices ticked up slightly on Monday following the widely expected extension of voluntary output cuts by the OPEC+ producer group on Sunday. Brent futures
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
