What happens when economists grow old? Does their creativity decline?
Daniel Hamermesh and Lea-Rachel Kosnik in this voxeu article: The arc of creative activity may rise quickly and then decline with age. This column asks whether this is true for economists and, if so,...
View ArticleCentral Bank Corridor system: Need to Shift from abundant reserves to scarce...
Claudio Borio of BIS in this paper says central banks Since the Great Financial Crisis, a growing number of central banks have adopted abundant reserves systems (“floors”) to set the interest rate....
View ArticleA new model of a Czech Krona 5,000 banknote
As India withdraws its Rs 2000 note, Czech Republic has decided to replace the old CZK 5000 note with new CZK 5000 note: This year, the Czech National Bank will issue a 5,000 CZK banknote dated 2023....
View ArticleThe Macroeconomic Consequences of Exchange Rate Depreciations
Masao Fukui, Emi Nakamura & Jón Steinsson in the new NBER paper: We study the consequences of “regime-induced” exchange rate depreciations by comparing outcomes for peggers versus floaters to the...
View ArticleCommencement of the e-HK Dollar Pilot Programme
Eddie Yue, Chief Executive of the Hong Kong Monetary Authority, in this speech: Central bank digital currency, or CBDC, is one of the hottest topics in the central banking community today. Over a...
View ArticleThe distinction between Keynesians and Monetarists is obsolete
Coen Teulings in this voxeu article: Last week Robert Lucas passed away. His work changed macroeconomics forever. The idea of rational expectations has permeated macroeconomic models of all walks, at...
View Article25 Years of European Central Bank
The ECB was established on 1 June 1998, to launch the euro and safeguard its value. The Central bank kickstarted celebrations to mark its 25th anniversary.
View ArticleA Teacher Writes to Students Series (III): How To ‘Eat’ Economics Better
Here is third article of the series. How To ‘Eat’ Economics Better Annavajhula J C Bose, PhD Department of Economics, SRCC If we are investigating into the humour of economists, it will be amiss if we...
View ArticleOpen banking’s far-fetched promise of a financial revolution
Giorgio Barba Navaretti, Giacomo Calzolari and Alberto Pozzolo in this voxeu article: Open banking involves giving third parties access to information that is otherwise captive in a bilateral...
View ArticleThe evolution of platform gig work, 2012-2021
Andrew Garin, Emilie Jackson, Dmitri K. Koustas & Alicia Miller in this NBER paper: We document the dynamics of tax-based measures of work mediated by online platforms from 2012 through 2021. We...
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