How regulatory risk and expropriation threats are affecting Berlin’s housing market

Housing shortages and rising rents have become a source of political pressure in many countries, prompting calls for stronger intervention in rental markets. This column
Why information campaigns may backfire: Voter heterogeneity and network effects

Political information campaigns that perform well in focus groups and pilot studies may backfire when applied at scale. This column uses a field experiment in
Private safe asset supply and financial instability

Safe assets are financial instruments that maintain a stable value even after adverse macroeconomic shocks. This column explores how banks supply safe assets through securitisation

