A bold new investment fund aims to channel billions into tropical forest protection – one key change can make it better

Cattle, the No. 1 cause of tropical deforestation, roam on tropical forest land that was stripped bare in Acre, Brazil. AP Photo/Eraldo PeresThe world is losing vast swaths of forests to agriculture, logging, mining and fires every year — more than 20 million acres in 2024 alone, roughly the size of South Carolina.

Hitting record highs: unpacking support for the euro

In the latest round of the European Commission’s biannual Standard Eurobarometer survey, a record 83% of euro area respondents expressed support for the euro – the highest level since the introduction of the single currency. Using the survey microdata, we show that this rise is broad-based across countries and sociodemographic groups, and that cross-country differences have narrowed significantly.

Household borrowing and monetary policy transmission: post-pandemic insights from nine European credit registers

We study heterogeneity in households’ credit across nine European countries (Belgium, Spain, Hungary, Ireland, Italy, Latvia, Lithuania, Portugal, and Slovakia) during 2022-2024 using granular credit register data. We first document substantial between- and within-country variation in mortgage and consumer lending by borrower age, loan maturity, and interest rate fixation. We then quantify the passthrough of the ECB’s recent tightening cycle to household borrowing costs, and assess its heterogeneous impact across households.

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