Nature loss should be treated with the same urgency as climate change. NOBUHIRO ASADA/ShutterstockMore than half of the world’s total GDP is at least moderately dependent on nature. Yet arguably, there is no economy (or life) without nature.
PASOK has emerged stronger in polls conducted since last week’s leadership election, while rival SYRIZA slides further. The public mood remains sombre and a survey on poverty reveals widespread disillusionment in the political system’s capacity to address the problem.
YouTube is restricting teenagers’ exposure to fitness and weight-related videos to protect their wellbeing. This means that the platform’s algorithm will no longer make repeated recommendations of content that focuses on achieving specific fitness levels or body weights, or extols particular physical features.
The phenomenon of political populism and its financial determinants have proved elusive. We utilise the sudden and uneven change in credit conditions during the COVID-19 pandemic and the unprecedented government credit guarantee programme in France to investigate whether liquidity support to firms affects political preferences. Drawing on credit registry data – which provides the universe of loans and credit lines to firms – we build a postcode-municipality-level dataset and show that government-guaranteed credit reduced the support for the far right but increased it for the incumbent.
The phenomenon of political populism and its financial determinants have proved elusive. We utilise the sudden and uneven change in credit conditions during the COVID-19 pandemic and the unprecedented government credit guarantee programme in France to investigate whether liquidity support to firms affects political preferences. Drawing on credit registry data – which provides the universe of loans and credit lines to firms – we build a postcode-municipality-level dataset and show that government-guaranteed credit reduced the support for the far right but increased it for the incumbent.
Stakebuilding by Palliser Capital follows Elliott Management's move on sector peer Mitsui Fudosan
Emirati unit raises $3.1bn for its latest fund hoping to appeal to groups looking to raise cash
Total rose from A$152bn at the end of September 2023 to A$227bn at the same point this year
Plus, James Gorman gets a promotion at Disney and how Jeff Yass turned gambling wins into a colossal trading giant
Understanding asymmetric risks in macroeconomic variables is challenging. Most structural models used for policy analysis are linearised and therefore cannot generate asymmetries such as those documented in the empirical growth-at-risk (GaR) literature. This report examines how structural models can incorporate non-linearities to generate tail risks. The first part reviews the various extensions to dynamic stochastic general equilibrium (DSGE) models and the computational challenges involved in accounting for risk distributions.
