Switching the delivery of one-to-one services from in-person to online offers potential cost savings and increased convenience, but what are the impacts on providers and consumers? This column studies the effects of online delivery of primary care doctor consultations in Sweden. The authors find that online consultations are delivered sooner, are shorter, and yield similar […]
It is generally believed that standard macroeconomic models of foreign exchange rates do not fit the data well. However, this column argues that a model that includes real interest rates, expected inflation, the US trade balance, and measures of global risk and liquidity demand fits the data for the US dollar against other G10 currencies […]
If constrained by EU rules, fiscal policymakers will cut or postpone public investment. This seemingly obvious point came up regularly in the policy debate around the latest reform of the EU fiscal framework. This column argues that the reality is more complex. Governments lamenting a stifling effect of fiscal rules on public investment are often […]
The urban wage premium – the positive wage differential between more and less dense geographic areas – is rarely estimated separately for men and women. This column shows that, in Brazil, agglomeration economies benefit men and women differently in dense areas: the urban wage premiums for men and women change across the wage distribution and […]
Many governments have limited welfare benefits for refugee immigrants to encourage workforce participation. This column examines the effects of a large reduction in the cash transfers that non-employed refugee immigrants Denmark were eligible for. While triggering notable initial employment responses, the reform failed to sustain employment and self-sufficiency, particularly in areas where low-skilled work is […]
Following the release of the Panama Papers and the Pardise Papers, there has been renewed research into profit shifting by multinational firms. This column utilises a novel dataset to show that well-managed subsidiaries, independently of their headquarters, allow a company to be more responsive to tax changes, shifting more profits from high-tax to low-tax jurisdictions. […]
Macroprudential policies have been part of the standard toolkit for central banks since the Global Financial Crisis. This column estimates the effect of macroprudential policies on real growth of 23 manufacturing industries across 89 countries. Macroprudential tightening measures negatively impact manufacturing growth, but only for industries with high external finance dependence. This effect is stronger […]
Traffic accidents are the leading cause of death among teenagers in most countries. This column examines the impact of a policy in Australia banning first-year drivers from carrying two or more passengers under the age of 21 at night. The authors estimate that the policy reduced reported nighttime multi-passenger crashes by 57%, casualties by 50%, […]
Wage insurance that compensates those directly negatively affected by trade can cost-effectively help workers who most need assistance and allow them to move with less pain to new jobs. This column examines the wage insurance components of US Trade Adjustment Assistance, which offers wage subsidies to workers who find reemployment at a lower wage. The […]
Blockchain Life 2024 in Dubai Unveils First Speakers, Featuring Industry Leaders from Tether, Ledger, TON, Animoca Brands and More Blockchain Life 2024, one of the world’s leading events in web3, cryptocurrencies and mining sphere, today announced the first wave of its esteemed speaker lineup for the 13th edition of the event. Bringing together over the […]
