Hillside streets can quickly become muddy rivers during hurricane rains in the islands. Estailove St-Val/AFP via Getty ImagesLong before colonialism brought slavery to the Caribbean, the native islanders saw hurricanes and storms as part of the normal cycle of life.
Nature loss should be treated with the same urgency as climate change. NOBUHIRO ASADA/ShutterstockMore than half of the world’s total GDP is at least moderately dependent on nature. Yet arguably, there is no economy (or life) without nature.
YouTube is restricting teenagers’ exposure to fitness and weight-related videos to protect their wellbeing. This means that the platform’s algorithm will no longer make repeated recommendations of content that focuses on achieving specific fitness levels or body weights, or extols particular physical features.
The phenomenon of political populism and its financial determinants have proved elusive. We utilise the sudden and uneven change in credit conditions during the COVID-19 pandemic and the unprecedented government credit guarantee programme in France to investigate whether liquidity support to firms affects political preferences. Drawing on credit registry data – which provides the universe of loans and credit lines to firms – we build a postcode-municipality-level dataset and show that government-guaranteed credit reduced the support for the far right but increased it for the incumbent.
The phenomenon of political populism and its financial determinants have proved elusive. We utilise the sudden and uneven change in credit conditions during the COVID-19 pandemic and the unprecedented government credit guarantee programme in France to investigate whether liquidity support to firms affects political preferences. Drawing on credit registry data – which provides the universe of loans and credit lines to firms – we build a postcode-municipality-level dataset and show that government-guaranteed credit reduced the support for the far right but increased it for the incumbent.
Understanding asymmetric risks in macroeconomic variables is challenging. Most structural models used for policy analysis are linearised and therefore cannot generate asymmetries such as those documented in the empirical growth-at-risk (GaR) literature. This report examines how structural models can incorporate non-linearities to generate tail risks. The first part reviews the various extensions to dynamic stochastic general equilibrium (DSGE) models and the computational challenges involved in accounting for risk distributions.
Author and Distinguished Senior Fellow of the Democracy Collaborative, Marjorie Kelly, talks about her recently released book, Wealth Supremacy: How the Extractive Economy and the Biased Rules of Capitalism Drive Today’s Crises (Berrett-Kohler, September 2023), which also outlines a vision for democratizing the economy so that it serves the broader public good.
The tension was palpable as we waited to see if Glasgow would rescue the Commonwealth Games for 2026. After the Australian state of Victoria pulled out, the eyes of the Commonwealth turned to Scotland.
As artificial intelligence reshapes our economy, policymakers must act swiftly to prevent a winner-take-all scenario in the rapidly evolving market for AI foundation models.
The decisions we make now about the governance of AI will have profound implications for the future of our economy and society.
