Ricardo's threads | Nothing contributes so much to the prosperity and happiness of a country as high profits

IFDP Paper: Economic Diversity and the Resilience of Cities

12/12/2025 Federal Reserve Central banks

François de Soyres, Simon Fuchs, Illenin O. Kondo, and Helene MaghinWe develop a framework to assess how economic shocks affect local labor markets and worker welfare, with a focus on city-level economic diversity. Using detailed worker flow data across cities, sectors, and occupations, we construct theory-consistent welfare measures. Our approach combines a dynamic discrete choice model with a dual representation that captures both direct effects and the insurance value of local economic diversity.

FEDS Paper: Artificial Intelligence Innovation by Financial Innovators: Evidence from US Patents

12/12/2025 Federal Reserve Central banks

Jean Xiao TimmermanThis paper examines the evolution of artificial intelligence (AI) patent rates (i.e., the number of AI patents/number of firms of the same type) and concentration metrics (i.e., the Herfindahl-Hirschman Index (HHI) and Gini coefficient) among financial market participants from 2000 to 2020.

Donor-advised funds have more money than ever – and direct more of it to politically active charities

12/12/2025 The Conversation USA

Using investment accounts for charitable gifts could be influencing giving in unexpected ways. sesame/DigitalVision Vectors via Getty ImagesCharitable giving in the United States has changed significantly in recent years.

Eurogroup presidency hailed as pinnacle of recovery as OPEKEPE hearings descend into turmoil

12/12/2025 Macropolis European Union

The election of Finance Minister Kyriakos Pierrakakis as president of the Eurogroup has been welcomed by forces across the political spectrum in Greece as the final recognition of the country’s comeback from the financial crisis.

Statistical Notice 2025/06 - Bank of England Statistics Taxonomy 1.3.1 release note

12/12/2025 Bank of England Central banks

Statistical Notices update the definitions and guidance contained in the Banking Statistics Yellow Folder

Black-market oil buyers will push Venezuela for bigger discounts following US seizure – starving Maduro of much-needed revenue

12/11/2025 The Conversation USA

A video posted on Attorney General Pam Bondi's X account shows the moment an oil tanker was seized by U.S. forces off the coast of Venezuela. U.S. Attorney General's Office/X via APThe U.S. seizure of an oil tanker off the Venezuelan coast looks designed to further squeeze the economy of President Nicolás Maduro’s country.

Unions have been in decline in the UK for 50 years. A new law could begin to reverse that trend

12/11/2025 The Conversation UK

The UK’s employment rights bill will usher in major changes for workers from April 2026. But beyond promising improved rights for employees over unfair dismissal and sick pay, one of the most controversial aspects of the bill concerns the rights of trade unions.

IFDP Paper: Economic Diversity and the Resilience of Cities

FEDS Paper: Artificial Intelligence Innovation by Financial Innovators: Evidence from US Patents

Donor-advised funds have more money than ever – and direct more of it to politically active charities

Eurogroup presidency hailed as pinnacle of recovery as OPEKEPE hearings descend into turmoil

Statistical Notice 2025/06 - Bank of England Statistics Taxonomy 1.3.1 release note

Black-market oil buyers will push Venezuela for bigger discounts following US seizure – starving Maduro of much-needed revenue

Unions have been in decline in the UK for 50 years. A new law could begin to reverse that trend

Growing a mix of plants in fields can save farmers money and help the environment – new research

Trump’s Tariffs Shrank the U.S. Trade Deficit in September

Trump Doesn’t Want to Talk About Affordability. Democrats Say That’s a Gift.

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