Opposition parties are accusing Prime Minister Kyriakos Mitsotakis of putting his party above national interests over the recent handling of relations with Albania and Turkey. The prime minister is being criticised for mixing politics with diplomacy after what are described as provocative actions by the leaders of the neighbouring countries.
How an obscure, 45-year-old tax change transformed retirement and left so many Americans out in the cold.
The president’s visit to Wisconsin celebrated the investment by Microsoft in a center to be built on the site of a failed Foxconn project negotiated by his predecessor.
Olesya V. Grishchenko and Laura WilcoxWe study probabilities of extreme inflation events in the United States and the euro area. Using a state-space model that incorporates information from a large set of professional forecasters, we generate the term structure of inflation forecasts as well as probabilities of future inflation for any range of inflation outcomes in closed form at any horizon.
Experts are clear that working into old age often threatens the health and well-being of U.S. seniors.
Broadstairs, Kent. Christine Bird/ShutterstockIn April 2024, Venice began its controversial experiment to charge day trippers €5 (£4.30) to visit the city on some of the busiest days of the year.
What does the future hold for finance?
Can Dove square its reported anti-AI stance with its attempts to make artificial images more representative? iama_sing/ShutterstockBeauty brand Dove recently announced it would not use models generated by artificial intelligence (AI) in its advertising campaigns.
Large-Scale Asset Purchases can impact the price of securities directly, when securities are targeted by the central bank, or indirectly through portfolio re-balancing of private investors. We quantify both the direct and the portfolio re-balancing impact, emphasizing the role of investor heterogeneity. We use proprietary security-level data on asset holdings of different investors. We measure the direct impact on security level, finding that it is smaller for securities predominantly held by more price-elastic investors, funds and banks.
Large-Scale Asset Purchases can impact the price of securities directly, when securities are targeted by the central bank, or indirectly through portfolio re-balancing of private investors. We quantify both the direct and the portfolio re-balancing impact, emphasizing the role of investor heterogeneity. We use proprietary security-level data on asset holdings of different investors. We measure the direct impact on security level, finding that it is smaller for securities predominantly held by more price-elastic investors, funds and banks.
