Liquidity crisis support made in Switzerland and the too-big-to-fail subsidy
Banking crises have repeatedly inflicted serious damage on the real economy. This column discusses a new proposal for a public liquidity backstop in Switzerland to
The value added tax paradox in resource-dependent economies
The introduction of value added taxes has been widely perceived as successful, boosting government revenue and stimulating industrialisation. This contrasts with the empirical finding that,
Gender role attitudes and female labour supply
Increasing women’s labour force participation and career progression is a key priority for policymakers in developing and developed economies alike. A central question is whether
A cold case (over 160 years old): The effects of unification on Italy’s North-South divide
Few economic debates have lasted as long as the 160-year debate concerning the effects of Italian unification on the economies of Italy’s South and North.
A new modelling approach for evaluating the Trump tariffs
There is currently much discussion about President Trump’s tariffs, the US trade deficit, and its causes and impacts, but little in the way of economic
The state of globalisation: A new eBook
Three forces have always shaped globalisation – technology, policies, and geopolitics. What distinguishes the current moment is that all three are accelerating simultaneously but in
Productivity in the export sector: Evidence from Dutch supplier networks
It is well established that exporters tend to be some of the most productive firms. But in today’s world, exporters typically rely strongly on other
Rethinking exchange rate flexibility in the post-Bretton Woods era: Evidence from a new index
The collapse of the Bretton Woods system has traditionally been cited as heralding a major shift towards floating exchange rates. The extent of this transition
Keeping an eye on budgetary forecasts: The new Forecast Tracker of the Secretariat of the European Fiscal Board
Forecasts underpinning budgetary plans have a well-documented impact on fiscal performance especially when policymakers view the world through rosy lenses. Combined with inertia in the
US investor strikes $1 billion merger to create bitcoin treasury company
U.S. investor and entrepreneur Anthony Pompliano announced on Monday the creation of a new bitcoin treasury company that would hold up to $1 billion of
