Not all housing cycles are created equal: Macroeconomic consequences of housing booms
The price fluctuations seen in housing markets since the COVID-19 pandemic have rekindled interest in the question of whether we can distinguish between ‘good’ housing
Abolishing Daylight Saving Time is easy, setting a permanent time is not
Daylight Saving Time – the biannual ritual of adjusting clocks forwards and backwards – has long been debated. Advocates argue it saves energy and promotes
As AI’s power grows, so does our workday
Technological progress is typically expected to lighten the burden of work. But as artificial intelligence has been integrated into workplaces, early evidence suggests a paradox:
Trade wars and fragmentation: Insights from a new ESCB report
Geopolitical shocks are fracturing global trade, and thus challenging economic integration. Even historically sound trade partnerships are now being strained, threatening decades of cooperation. A
Occupational recommendations and job finding
Despite the rise of online job search platforms, many jobseekers still struggle to find suitable employment. Automated occupation recommendations promise to help workers with better
The Nordic model and income equality: Myths, facts, and policy lessons
The Nordic countries appear to have developed a social and economic model that combines prosperity with equality. This column identifies four key pillars of the
Twitter sentiment and stock market movements: The predictive power of social media
The influence that investor sentiment can have on market movements is often overlooked by traditional financial models. This column analyses nearly three million stock-related tweets
Extreme heat, hospital crowding, and the hidden health costs of climate change
As extreme heat events become more frequent and severe, rising temperatures will increase the incidence of heatstroke, kidney damage, and cardiovascular stress. This column considers
Inflation expectations and anchoring during a disinflation episode: Evidence for euro area firms
The effect of the recent inflation cycle on the anchoring of inflation expectations remains a policy concern. This column documents the evolution of euro area
Mining insights from the underground economy
Economists have long struggled to measure the informal economy, despite its significant role in global economic activity. Previous methods have relied on indirect proxies such
