Three lessons the west can learn from China’s economic approach to AI
Phonlamai Photo/ShutterstockAI is already everywhere, ready to change the way we work and play, how we
How the Abbé Pierre Foundation and Emmaüs can overcome their founder’s cumbersome legacy
On July 17, 2024, a press release from the associations Emmaüs France, Emmaüs International and the Abbé Pierre Foundation sent shockwaves through the public. It reported the release of an independent report authored by the Egaé group, a company specialising in gender equality, workplace discrimination and violence.
Palestine’s economy teeters on the brink after a year of war and unrelenting destruction
The Palestinian economy has been devastated beyond recognition. Israel’s intense military operations in Gaza have led to unprecedented destruction, wiping out much of the enclave’s essential infrastructure, private property and agricultural resources.
Corporate social responsibility disclosures are a double-edged sword, new research suggests
Hoping to win over customers, businesses from Amazon to Zoom have taken to touting their good deeds in corporate social responsibility reports.
Corporate social responsibility disclosures are a double-edged sword, new research suggests
Hoping to win over customers, businesses from Amazon to Zoom have taken to touting their good deeds in corporate social responsibility reports.
Rising partisanship is making nonprofits more reluctant to engage in policy debates − new research
Divisiveness is on the rise. wildpixel/iStock via Getty Images PlusAfraid of partisan rancor, nonprofits are biting their tongues, with divisive politics hindering public policy engagement by social service organizations.
The Survey on the Access to Finance of Enterprises: monetary policy, economic and financing conditions and inflation expectations
The Survey on the Access to Finance of Enterprises (SAFE) provides information on the financing needs of euro area firms, their economic performance, and the availability of external funding. The article illustrates the role that the SAFE has played over the past 15 years. First, it discusses the contribution of the survey to assessing the transmission of monetary policy decisions to firms’ access to finance and their financing conditions. Second, the article shows how SAFE-based data provide timely evidence of the impact of economic crises on firms’ performance.
What consumers think is the main driver of recent inflation: changes in perceptions over time
Consumer perceptions of the main drivers of inflation can affect their inflation expectations and, in turn, their economic behaviour. The results of the ECB’s Consumer Expectations Survey (CES) for March 2024 reveal that most euro area consumers attribute inflation primarily to input costs, followed by profits and wages. However, the proportion of consumers identifying wages as the main driver of inflation has increased since June 2023, with this perception being most pronounced in countries experiencing significant wage growth.
Asymmetric monetary policy spillovers: the role of supply chains, credit networks and fear of floating
This paper examines the asymmetry in global spillovers from Fed policy across tightening versus easing episodes several examples of which have been on display since the global financial crisis (GFC). We build a dynamic general equilibrium model featuring: (i) occasionally binding collateral constraints in the financial sector with significant cross-border exposure; and (ii) global supply chains, allowing us to match the asymmetry of spillovers across contractionary versus expansionary monetary policy shocks.
Asymmetric monetary policy spillovers: the role of supply chains, credit networks and fear of floating
This paper examines the asymmetry in global spillovers from Fed policy across tightening versus easing episodes several examples of which have been on display since the global financial crisis (GFC). We build a dynamic general equilibrium model featuring: (i) occasionally binding collateral constraints in the financial sector with significant cross-border exposure; and (ii) global supply chains, allowing us to match the asymmetry of spillovers across contractionary versus expansionary monetary policy shocks.
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