Attention and social tariffs: Lessons for the energy crisis
We are living through a period of high inflation, driven by rising energy prices. Price hikes have an uneven impact on society, affecting low-income households
Stabilising financial markets: Lending and market making as a last resort
Starting with the 2007-2009 crisis and continuing with the Covid-19 pandemic, financial markets have faced a series of adverse liquidity shocks. As a result, central
Helping Ukraine is not only crucial for peace in Europe but also for world peace
Western support for Ukraine against the unprovoked aggression by Russia since 24 February 2022 is often presented as a form of solidarity with, or even
Targeting precision medicine: Evidence from prenatal screening
Precision medicine has been widely heralded for its potential to transform both the practice of medicine and the economics of healthcare. Also known as personalised
Markets, banks, and shadow banks
The aftermath of the 2007-2009 financial crisis resulted in the widespread adoption of tougher bank regulation, exemplified by the 2010 Accord of the Basel Committee
Interwar trade policy in the Netherlands and the Netherlands East Indies
The 1930s are the classic period of deglobalisation and protectionism: a trade policy disaster (Irwin 2011). And yet, detailed quantitative studies of interwar trade policy remain relatively
The effect of new technologies on workers, jobs, and skills
Technological and organisational change is seen as one of the most critical factors driving the decline in the employment share of routine jobs (i.e. jobs
Equality, monetary policy, and the central bank mandate
A recent trend in research emphasises the implications of monetary policy not only for aggregate outcomes like inflation or the unemployment rate, but also for
Commute time savings when working from home
The COVID-19 pandemic brought a large, lasting shift to work from home (Barrero et al. 2021b, Aksoy et al. 2022, and Schwellnus et al. 2022).
Governor appointments and central bank independence
Since the late 1980s, many countries have reformed the legal frameworks governing central banks to protect these institutions from undue political influence and safeguard price
