How French firms navigated the inflation surge: Lessons for expectations and decision making
As inflation surged globally, economists and policymakers focused their attention on the expectations of households and financial markets – but relatively little was known about
US drops COVID vaccine recommendation for healthy kids, pregnant women
The U.S. has stopped recommending routine COVID-19 vaccinations for pregnant women and healthy children, Health Secretary Robert F. Kennedy Jr announced in a social media
Chinese banks and their EMDE borrowers
Although Chinese banks have remained the top lenders to emerging markets and developing economies (EMDEs), their growth has slowed and their lending patterns have changed
Overcoming constraints: How banks helped US firms reroute their supply chains
Rising trade tensions and the pandemic have forced importers to reconfigure their supply chains – a complex and costly process. This column highlights the underappreciated
Leveraging strategic grain reserves to enhance food security
Global hunger and malnutrition are rising again after decades of progress. In 2024, 343 million people across 74 countries faced acute food insecurity—driven by the
Agreed and disagreed uncertainty: Rethinking the macroeconomic impact of uncertainty
The conventional wisdom is that uncertainty leads to economic contractions, but recent evidence challenges this assumption. This column introduces two novel concepts of uncertainty –
Working from home boosted growth by expanding disability employment
Individuals with a disability have remarkably low employment rates compared to the rest of the population. This column examines whether the rapid rise in the
The effects of fiscal aid on health outcomes during the COVID-19 pandemic
As governments around the world combatted COVID-19, the US witnessed unprecedented levels of funding transfers from the federal government to state and local municipalities. This
On the fragility of the nonlinear Phillips curve interpretation of recent inflation
The inflationary episode from 2021 to 2023 reignited the debate on the nonlinearity of the Phillips curve. Aggregate and city-level data indicate a non-linear relationship,
