A mourner pays tribute to the victims of the mass shooting at Sandy Hook Elementary School in Newtown, Conn., in December 2012. Lisa Wiltse/Corbis via Getty ImagesFatal school shootings don’t just devastate communities emotionally – they also harm their economies, new research shows.
The Prudential Regulation Authority has fined Barents Reinsurance S.A., London Branch £1,785,000 for failing to organise and control its affairs responsibly and effectively, as well as governance and regulatory reporting failures
Unprecedented balance sheet expansion in recent years has resulted in heightened financial risk for central banks, reflected initially in higher profits and subsequently in significant losses. Combining data on central bank balance sheets with market data on asset prices, we provide evidence on the evolution and determinants of financial risk-taking by 18 advanced economy central banks. Based on the estimated Value at Risk (VaR), we document that average central bank balance sheet risk increased to about 3 percent of GDP.
This paper provides novel empirical evidence on the impact of monetary policy on innovation investment using unique firm-level data. First, we document the effect of a large, systematic monetary tightening (ECB rate increases from 0% to 4.5% during 2022-23), with average firm-level innovation cuts of 20%. These cuts persist over the medium term, indicating a sustained innovation slowdown. Second, we use the survey to identify elasticities of innovation expenditure to exogenous policy rate changes.
Unprecedented balance sheet expansion in recent years has resulted in heightened financial risk for central banks, reflected initially in higher profits and subsequently in significant losses. Combining data on central bank balance sheets with market data on asset prices, we provide evidence on the evolution and determinants of financial risk-taking by 18 advanced economy central banks. Based on the estimated Value at Risk (VaR), we document that average central bank balance sheet risk increased to about 3 percent of GDP.
This paper provides novel empirical evidence on the impact of monetary policy on innovation investment using unique firm-level data. First, we document the effect of a large, systematic monetary tightening (ECB rate increases from 0% to 4.5% during 2022-23), with average firm-level innovation cuts of 20%. These cuts persist over the medium term, indicating a sustained innovation slowdown. Second, we use the survey to identify elasticities of innovation expenditure to exogenous policy rate changes.
The retirement age keeps creeping up. In the UK, the state pension is currently paid to people at 66, but that’s set to rise to 67 in the next couple of years, and a move to 68 might come sooner than previously planned after the government launched a review.
Gradually increasing the working lifespan is never going to be popular. But one way of making this policy more palatable could be to give people early access to some of the free time that retirement promises.
Me dia/ShutterstockGlobal supply chains account for 70% of world trade. They are the arteries of global capitalism, moving goods and services across borders multiple times before reaching consumers.
As climate change drives rising temperatures and changes in rainfall, Mexico and the US are in the middle of a conflict over water, putting an additional strain on their relationship.
Unfortunately for demographers, birth rates are hard to predict far into the future. gremlin/E+ via Getty ImagesPronatalism – the belief that low birth rates are a problem that must be reversed – is having a moment in the U.S.
