Or, at least, that’s what the data seems to suggest

Informal employment may absorb surplus labour in developing countries but it can also weaken skills and economic resilience

Don’t shoot the messager The Treasury Select Committee (TSC) has just published a report on the Office of Budget Responsibility, the ...

Responding to geopolitical or climate-related supply shocks after the fact is never as effective as taking preventive action

It turns out that monetary policy affects supply as well as demand

Kevin Warsh’s call for fresh thinking at the Fed runs up against a deeper problem. The tools and concepts guiding monetary policy may no longer fit an economy reshaped by AI, shifting prices, and the ...

Regarding that Economist article ...

The sector’s huge capital needs are forcing companies and countries to rethink how they borrow money

So is it QE on the QT?

Out of public sight, bureaucrats are trying to fight digital fire with fire

Probably not

As you are almost certainly aware, the government is having to pay much more in interest on its debt than it used to do. Here is a chart b...

European Central Bank hopes to launch a retail equivalent by 2029

Abstract. This paper explores financializaton’s effects on productive development—proxied by the Economic Complexity Index (ECI)—in a panel of 78 countries

Inflation is usually treated as a national problem, to be managed through domestic monetary and fiscal policy. But its striking synchronization across countries suggests another story, one where it is...

Although maybe correlation ≠ causation

More than 1,500 academics and economists sign letter, calling growing gap between richest and poorest ‘a policy choice that can be reversed’

A future of state-directed finance will force change on monetary policymakers

Inflation-targeting monetary policy based on the New Keynesian Economic framework has been an obstacle to fiscal stimulus, employment, and growth, reducing public investment in equality supporting ...

Dozens of Bank of England directors and founding subscribers invested in trafficking of enslaved Africans

A research pathway for those exploring the economics of social and ecological sustainability.

The first section explains some basic ideas, and those familiar with arbitrage and the natural real rate of interest can skip to the auste...

High public deficits and debt undermine central banks’ ability to control inflation

Welcome to Cambridge Core

And should they?

Podcast Episode · Economics In Ten · 7 September · 1hr 24min

Technological and economic shifts are eroding the graduate premium

It’s not just about winners and losers, but how economies fundamentally function

Low spreads were normal. Are they so again?

The collapse of America's political center isn't a mystery. What looks like a sudden political crisis is really the result of an economy that's been quietly abandoning ordinary workers for decades.

The evolution of a truly multi-polar currency market depends on governments’ willingness to embrace technology and fortify markets

by Arjun Jayadev and J.

To have the two central agencies of government economic policy not engaged in a coherent division of labour, but pulling in opposite directions, points to a fundamental dissensus at the heart of gover...

Young non-graduate men face unique setbacks

The lesson from Manchester is that it takes time for public investment policies to show up in GDP

Four years on, Threadneedle Street finally agrees with the market

The dollar’s status as a reserve currency is not what it used to be

Passive wealth gains increasingly matter more than earnings for one’s standing in society

Subjects like literature, languages and history are vital to a thoughtful and prosperous society

The budget framework needs to be fixed to reward stewardship rather than neglect

Loss of faith in central banks could be driving up long-run inflation expectations

The poorest pay the most in an energy shock

Unesco report shows children lost out to servicing debt in 113 countries, with 18 spending five times more on loans

There are far better ways to tackle climate breakdown, but successive governments have chosen to listen to the fossil fuel companies instead, says Guardian columnist George Monbiot

Let me start by apologising to any regular readers of this blog. None of the arguments in this post are particularly new. But with a new P...

What fence-sitters can, and can’t, tell us about price increases

Turning a data-fuelled quantitative international ranking project into a thing about London

Unlike the previous crises, this time the Bank carried on selling. It is time for a rethink.