Disasters are mostly unexpected, but during recent decades the world has witnessed a rising incidence of disasters of various types, including armed conflicts, infectious diseases, and natural calamities. This rise is expected to continue in the future due to political and demographic developments, nature loss, and climate change. The third LTI Report studies how banks […]
Though news audiences can access a virtually infinite number of opinions, most people see a reduced set of sources controlled by a small number of conglomerates. This column studies guests invited on to French radio and television channels over 20 years, and documents large differences in the coverage of political forces across outlets. Protecting pluralism […]
Recent attacks on ships navigating along the Red Sea have led vessels to reroute through the Cape of Good Hope, at the southern tip of Africa. This column studies the impact of these events on global shipping and introduces a multi-country general equilibrium model to study such events’ aggregate implications. The attacks have led to […]
Analysis of business dynamism outside the US has been limited by the availability of comparable cross-country data. This column presents new insights on the trends and drivers of business dynamism using a novel dataset for 19 European countries. Across all 19 countries, the authors document structural declines in job reallocation rates and employment shares in […]
Nvidia Chief Executive Jensen Huang on Monday kicked off his company’s annual developer conference with a slew of announcements designed to keep the chip maker in a dominant position in the artificial-intelligence industry. On a hockey arena stage in the heart of Silicon Valley, Huang introduced Nvidia’s latest chip, which is 30 times speedier at some […]
Bitcoin fell by as much as 5.7% on Tuesday in its largest one-day drop in two weeks, as a wave of selling hit cryptocurrencies and other risk assets, such as stocks. The price was last down 5.25% at $63,806, having hit a two-week low of $63,555, while ether dropped 5.1% to $3,326. Bitcoin is still […]
Harry Markowitz, co-recipient with Merton Miller and William Sharpe of the 1990 Nobel Prize for Economic Sciences ‘for their pioneering work in the theory of financial economics’, passed away in June 2023. As this column explains, his monumental contributions to modern finance have deeply influenced both academia and practice. His analysis of portfolio selection and […]
There has been little economics research on the population that identifies as gender diverse, but these individuals face considerable economic challenges. This column explores gaps in confidence and self-evaluations of ability among US students and adults. Despite performing similarly on a maths test, gender diverse individuals expressed lower confidence in their performance and abilities than […]
Mental ill-health is on the rise in the US and elsewhere, particularly among those under the age of 25 and especially young women. This column reports on survey data for the US which reveal a marked rise in screen time among high school students aged 14-18 which is strongly associated with rising mental ill-being, as […]
The threats of geoeconomic fragmentation have accelerated in recent years. This column introduces a novel firm-level revenue-weighted geopolitical risk index by integrating corporate revenue distribution with geopolitical risk across countries. The analysis reveals a significant real-financial feedback loop: firms with greater exposure to geopolitical risk experience increased probability of default, reduced market valuations, and higher […]
