UK interest rates cut – here’s the outlook for property owners and home buyers after the budget
Clare Louise Jackson/ShutterstockThe main thrusts of the UK government’s budget in October 2024 was more borrowing, more tax and more spending.
What Trump’s Win Means for the Federal Reserve and Jerome Powell
Donald J. Trump spent his first presidency on a collision course with America’s central bank. Will it intensify?
Could Trump’s Tariffs Lead to Higher Prices? Here’s What to Know.
The president-elect says that tariff is “the most beautiful word in the dictionary.” You may be hearing it a lot.
What counts as national debt and assets now? Here’s how to understand the UK’s redefined fiscal rules
Governments set rules that we, as citizens, must follow – laws with clear consequences for non-compliance. But they also set rules for themselves, and these can be flexible when convenient.
Bank Rate reduced to 4.75% - November 2024
The Bank of England’s Monetary Policy Committee is responsible for making decisions about Bank Rate.
Fiscal policy and inflation: accounting for non-linearities in government debt
This paper investigates the interplay between discretionary fiscal policy and inflation in the euro area, emphasizing the role of public debt levels in modulating this relationship. It explores how fiscal expansions or contractions influence inflationary pressures, particularly under varying debt conditions. The analysis reveals that fiscal policy’s effect on inflation is non-linear, with debt levels significantly affecting the inflationary outcome of fiscal measures.
Time-varying agglomeration economies and aggregate wage growth
We examine how agglomeration economies have influenced labour earnings in France over forty years. First, we define cities dynamically to account for their changing footprints. Our findings show that aggregate wage growth is mainly driven by growth in larger cities, rather than smaller ones or by population shifts across cities. We estimate individual wages incorporating time-varying city and individual fixed effects, and analyse how city characteristics (employment density, area, and market access) and their returns impact wage evolution.
Fiscal policy and inflation: accounting for non-linearities in government debt
This paper investigates the interplay between discretionary fiscal policy and inflation in the euro area, emphasizing the role of public debt levels in modulating this relationship. It explores how fiscal expansions or contractions influence inflationary pressures, particularly under varying debt conditions. The analysis reveals that fiscal policy’s effect on inflation is non-linear, with debt levels significantly affecting the inflationary outcome of fiscal measures.
Time-varying agglomeration economies and aggregate wage growth
We examine how agglomeration economies have influenced labour earnings in France over forty years. First, we define cities dynamically to account for their changing footprints. Our findings show that aggregate wage growth is mainly driven by growth in larger cities, rather than smaller ones or by population shifts across cities. We estimate individual wages incorporating time-varying city and individual fixed effects, and analyse how city characteristics (employment density, area, and market access) and their returns impact wage evolution.
Another Jolt of Uncertainty for a Global Economy Mired in It
The U.S. presidential election result has ensured a sharp turn in economic policy expected to upend global commerce and diverge from decades of American norms.
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