Megan Greene reappointed as external member of the Monetary Policy Committee
Megan Greene has been reappointed as an external member of the Monetary Policy Committee by the Chancellor of the Exchequer, Rachel Reeves
Why the UK should look beyond growth to a ‘new economics’ that works for all
The UK economy is not working for everyone. Ian Francis/ShutterstockThe UK budget is usually a story of growth forecasts, borrowing levels and fiscal discipline. But ahead of this month’s high-stakes event, growth has been slower than expected. At the same time, as households struggle with living costs, the climate crisis intensifies and inequality persists, growth might seem like too narrow a focus.
Black and Latino homeowners in Philly face discrimination when appraisers assess their properties
Home appraisal bias contributes to racial wealth disparities and violates the Fair Housing Act.
Jeff Fusco/The Conversation U.S., CC BY-SAFor most families, owning a home is the primary way to accumulate wealth and transfer that wealth to future generations.
Global companies are still committing to protect the climate – and they’re investing big money in clean tech
Electric delivery vehicles powered by renewable energy are helping several multinationals lower their emissions.
Global companies are still committing to protect the climate – and they’re investing big money in clean tech
Electric delivery vehicles powered by renewable energy are helping several multinationals lower their emissions.
If the AI bubble does burst, taxpayers could end up with the bill
Xandpic/ShutterstockYou might not care very much about the prospect of the AI bubble bursting. Surely it’s just something for the tech bros of Silicon Valley to worry about – or the wealthy investors who have spent billions of dollars funding development.
Supply chain decoupling in green products: a granular input-output analysis
This paper introduces a novel methodology to enhance the granularity of Inter-Country Input-Output (ICIO) tables. While our general methodology can be applied to any products of interest, we show that the well-documented distortions caused by sectoral aggregation in ICIO tables are particularly pronounced for products with a low substitutability, such as those essential to the green transition (e.g. electric batteries, rare earths). We therefore apply our framework to construct a disaggregated ICIO table that singles out 129 products essential to the energy transition.
Supply chain decoupling in green products: a granular input-output analysis
This paper introduces a novel methodology to enhance the granularity of Inter-Country Input-Output (ICIO) tables. While our general methodology can be applied to any products of interest, we show that the well-documented distortions caused by sectoral aggregation in ICIO tables are particularly pronounced for products with a low substitutability, such as those essential to the green transition (e.g. electric batteries, rare earths). We therefore apply our framework to construct a disaggregated ICIO table that singles out 129 products essential to the energy transition.
Not all prices disinflate alike: disentangling the dynamics of sticky and flexible-price items
This box draws on micro price evidence on the frequency of price adjustments to disentangle the roles of sticky and flexible-price items in shaping recent disinflation dynamics in the euro area. Inflation of sticky core items has eased only gradually, while flexible core inflation has returned closer to its pre-pandemic average. Among subcategories, flexible goods drove the surge in non-energy industrial goods inflation, while the persistence of services inflation reflects contributions from both sticky and flexible-price items.
Bank of England, Monetary Authority of Singapore, and Bank of Thailand to explore synchronised FX settlement across borders
The Bank of England, the Monetary Authority of Singapore, and the Bank of Thailand announced a collaboration to explore the technical and policy implications of settling foreign exchange (FX) transactions using synchronised settlement mechanisms.
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