Benjamin Knox and Annette Vissing-JorgensenWe propose a new method for decomposing realized stock market capital gains into contributions from changes to the real yield curve, equity premia, and expected dividends. The method centers on changes to observable inputs of the present value formula and requires no regressions or log-linearization.
This paper examines the great supply shock following the pandemic and the invasion of Ukraine, using a novel suite of supply indices. The suite has indices for the euro area total economy, euro area industries, sectors and countries. The suite also computes the contributions to the indices from supply drivers at origin, in transport, or at destination. The results from the suite show that the supply shock has had wide-spread effects, and that their dynamics have been industry-, sector- and country-specific.
This paper investigates the growth impact of the EU’s Structural, Cohesion and Pre-accession Funds. We look at a large sample of 27 EU countries and the UK, over a period of 1989 and 2020, essentially covering the full history of these funds.
The Bank of England welcomes the extension of EU equivalence for the UK’s legal and supervisory framework for central counterparties (CCPs).
Fred Block, Research Professor of Sociology at UC Davis, joins Rob Johnson to discuss his latest book, The Habitation Society, which explores the need to move beyond industrial-era economic models to create an economy that prioritizes community well-being. Block critiques how economic policies have fueled inequality and stagnation while offering solutions—such as restructuring public finance—to foster prosperity for all.
Plastic waste in Nigeria presents a dual challenge: cleaning up environmental pollution, and tapping into its economic potential.
In an age when home offices, hybrid work arrangements and blurred boundaries between work and personal life are the norm, a recently established narrative is intensifying: the integration of spirituality into business.
We need a new blueprint for stability.
Meeting of the CBDC Academic Advisory Group
Meeting of the CBDC Academic Advisory Group
