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

FEDS Paper: Changing Jobs to Fight Inflation: Labor Market Reactions to Inflationary Shocks

06/04/2025 Federal Reserve Central banks

Gorkem Bostanci, Omer Koru, and Sergio VillalvazoWe argue that inflationary shocks affect allocative efficiency by changing the rate and the characteristics of workers’ job-to-job transitions. First, using monetary policy shocks and survey data on search effort, we empirically show that a one percentage point rise in inflation increases job-to-job transitions by up to 4.5%, and workers with higher inflation expectations are more likely to search and do so more effectively.

Extreme weather’s true damage cost is a mystery – that’s a problem for understanding storm risk

06/04/2025 The Conversation USA

Hail can be destructive, yet the cost of the damage often isn't publicly tracked. NOAA/NSSLOn Jan.

How remembering railway accidents from 100 years ago can make the industry safer today

06/04/2025 The Conversation UK

APChanel/ShutterstockAccording to a recent report, the UK rail industry is a relatively safe environment for both passengers and workers. The findings, from the Rail Accident Investigation Branch, came from data on railway accidents for 2024.

U.S.-China Trade War Morphs From Tariffs Into Fight Over Supply Chain

06/03/2025 New York Times USA

Instead of battling over tariffs, Washington and Beijing have turned to a potentially far more harmful strategy: flexing their control over global supply chains.

Trump’s Tariffs Will Drag Down the Global Economy, OECD Says

06/03/2025 New York Times USA

Economic growth will slow this year and next as the trade war hampers development in the United States and around the world, the Organization for Economic Cooperation and Development said.

Your WhatsApp messages could get you sacked

06/03/2025 The Conversation UK

Prostock-studio/ShutterstockIt’s late evening and your phone vibrates with some banter from colleagues. You join the conversation and go to bed feeling part of the work community. You then wake up and have a feeling of apprehension as to how the messages will be perceived.

Fewer men are choosing to become vets – ‘male flight’ could be the reason

06/03/2025 The Conversation UK

ZoranOrcik/ShutterstockIf you take your dog, cat or fish to see a vet in the UK, the person who treats them is likely to be a woman. According to the Royal College of Veterinary Surgeons, 61% of current UK vets are female. University admissions are even more skewed. Among vets who had recently qualified, nearly 80% were female.

Australia’s lowest paid workers just got a 3.5% wage increase. Their next boost could be even better

06/03/2025 The Conversation News & Comments

Carlos Castilla/ShutterstockA week ago, the Australian Financial Review released this year’s “Rich List”. It reported the number of billionaires in Australia increased from 150 to 166 between 2024 and 2025.

As Courts Call Tariffs Into Question, Trump Again Turns to His Favorite Tool

06/02/2025 New York Times USA

The president is set to raise tariffs on steel and aluminum this week, even as the courts are challenging the legitimacy of other levies.

FEDS Paper: How Stable are Inflation Expectations in the Euro Area? Evidence from the Euro-Area Financial Markets

06/02/2025 Federal Reserve Central banks

Olesya V. Grishchenko, Franck Moraux, and Olga PakulyakWe analyze evolution of inflation expectations in the euro area (EA) using a novel measure of inflation expectations implied by the French nominal and inflation-indexed bonds. Overall, we find that EA inflation expectations have been relatively well anchored in the 2004–2019 sample but have been somewhat sensitive to the incoming macroeconomic news and monetary policy shocks in the sample that includes the COVID-19 pandemic.

Pages