Swedish household debt is not too high: Look at solvency and liquidity, not debt to income
The Swedish authorities and international organisations often claim that household debt poses a threat to financial and macroeconomic stability, with reference to a high debt-to-income
Political polarisation drives talent away: Evidence from Spain’s health sector
Given the growing prevalence of political and social polarisation, understanding its effects on society is of paramount importance. This column discusses the effects of an
Why households save and work: The role of risks, bequest motives, and family dynamics
Household saving and labour supply are shaped by many risks – wages, marriage, health, longevity – as well as bequest motives. This column develops a
Human capital formation as a key component in Europe’s defence build-up
Government spending on defence, particularly defence R&D, can have significant economic spillovers. This column argues that the forthcoming European defence build-up must include a long-term
