The high price of the fight against inflation: The case of the euro area
The fight against inflation has largely been won in the euro area, after a sharp but short-lived inflation episode over 2021-2023. This column argues that
Weathering the storm: The role of adaptation in mitigating the economic impact of floods
Floods are the costliest type of natural disaster in Europe, but little is known about whether adaptation investments such as flood defences can shield the
Stock market uncertainty makes many Americans wary of spending on travel
Kimberly Hilliard, co-founder of a five-year-old travel agency in Maryland, says at this time of year she usually fields up to 10 inquiries a week
Dollar steadies ahead of a string of macro litmus tests
It is down more than 4% on both the euro and the yen through April, though bounced at the end of last week on an
Defence and climate: seven points for a common agenda
Faced with major security challenges, Europe is preparing to boost its defence capacity. To defend itself against Russia without the United States, Europe needs to
Non-bank financial institutions’ reliance on banks for contingent credit under stress and its consequences
In recent years, banks’ credit line exposure to non-bank financial institutions has grown significantly. This column analyses the implications by focusing on a specific type
Tariffs cannot fund the government: Evidence from tariff Laffer curves
Until the late 19th century, states raised most of their government revenues from import tariffs. This column asks whether the practice could work today. A
Gender and the authority of experts
Who has more authority in the eyes of the public – male or female economists? This column uses an information experiment to show that the
Developing world cities: Poverty traps versus pathways to prosperity
In higher-income countries, urban proximity has been shown to enhance workers’ skills and income, but less is known about low- and middle-income countries. This column
Public transit access and income segregation
Low-income households in US cities tend to be segregated in low-opportunity neighbourhoods with worse access to good schools and desirable urban amenities. Public transportation is
