Regulating big techs
Luigi Zingales lays out a framework for regulating bigetchs: Digital markets are global in nature and prone to “tipping”. The combination of these two factors makes the distortions of the inevitable...
View ArticleThe Curious Case of the Rise in Deflation Expectations
A team of NY Fed economists (Olivier Armantier, Gizem Kosar, Jason Somerville, Giorgio Topa, Wilbert van der Klaauw, and John C. Williams ) in this research paper note that consumers think inflation in...
View ArticleEmployment effect of citizenship acquisition: Evidence from the Belgian...
Sousso Bignandi and Céline Piton of Belgium central bank in this research paper study the impact of acquiring citizenship on labour markets: This paper investigates whether citizenship acquisition...
View ArticleMeasuring India’s Digital Economy
in this new RBI bulletin article, a team of RBI economists (Dhirendra Gajbhiye, Rashika Arora, Arham Nahar, Rigzen Yangdol anf Ishu Thakur) measure the size of Indian digital economy. They estimate...
View ArticleMaggie Lena Walker: How the daughter of a former slave became a banking pioneer
John Mullin of Richmond Fed in this article pays tribute to Maggie Lena Walker the first Black woman to establish a bank in the United States: Maggie Lena Walker built the St. Luke Penny Savings Bank...
View ArticleIndian Big Business The transformation of India’s corporate sector from 2000...
Jairus Banaji in this essay documents transformation of India’s cororate sector particularly big business: In what follows, I present a precis of the evolution of Indian big business over the last two...
View ArticleWhy does the Federal Reserve need a economic historian?
Jonathan Rose has recently been appointed as a economic historian at the Federal Reserve. St Louis Fed’s openvaultblog profiles Rose and his work at Fed: What does the Fed historian do? The position,...
View ArticleThe burst of high inflation in 2021–22: how and why did we get here?
Prof Ricardo Reis in this BIS research discusses the recent rise in inflation: The current institutional arrangements for monetary policy delivered more than two decades of low and stable inflation....
View ArticleOn some “New” interpretations of Ricardo’s Principle of comparative advantages
Sergio Parrinello of Sapienza University of Rome discusses new interpretations of Ricardo’s Comparative Advantage idea: Different theories of international trade have originated from Chapter VII “On...
View ArticleWhat is money and what is the role of the state in the payments market?
Riksbank economists (Stefan Ingves, Eva Julin, Stefan Lindskog, Gabriel Söderberg, and David Vestin) discuss role of the state in the growing digital payments market. They compare digital cash to...
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