Explosions are seen at Fort Tiuna, Venezuela's largest military complex, Jan. 3, 2026. Luis Jaimes/AFP via Getty ImagesThe U.S. military operation in Venezuela and capture of President Nicolás Maduro on Jan.
We propose a robust semi-parametric framework for persistent time-varying extreme tail behavior, including extreme Value-at-Risk (VaR) and Expected Shortfall (ES). The framework builds on Extreme Value Theory and uses a conditional version of the Generalized Pareto Distribution (GPD) for peaks-over-threshold (POT) dynamics.
Getty ImagesGroaning your way back into the new work year? It’s an occupational hazard after the holiday break, of course, but these days there is the consolation (for some) of hybrid working.
For jobs that allow it, hybrid work is the new normal, allowing employees to work both remotely, usually from home, and in the office.
Vitaly Gariev/UnsplashWe’ve all been there – splitting a bill at dinner, covering a mate’s coffee, or sending a quick transfer for concert tickets. It’s part of modern social life. As money becomes increasingly digital and instantaneous, we no longer need to worry about doing maths in our heads or fussing about changing notes and coins.
Marcelo Ferrari/PixabayChristmas is just around the corner, and you might be wondering how to spend those long, lazy afternoons. If you’re tired of the same old Monopoly, perhaps it’s time to try Settlers of Catan.
Based on a series of novel experiments fielded within the ECB’s Consumer Expectations Survey, we provide evidence on the attitudes of euro area consumers towards a possible central bank digital currency (CBDC). We document substantial socio‑demographic heterogeneity in consumers’ awareness and willingness to adopt a CBDC. According to survey responses, a sizeable share of around 45% of households would be interested in potentially adopting this new asset.
William Hartung and Ben Freeman, authors of Trillion Dollar War Machine, talk with INET’s Lynn Parramore about America’s runaway defense spending and its increasingly alarming human toll
Vincent Gerbouin/PexelsMore of us than ever are trying to make environmentally responsible travel choices. Sustainable travel is now less niche and more mainstream, with 93% of travellers in one survey
saying they would consider sustainable choices.
Switching off can be surprisingly expensive. Much like the smoking cessation boom of the 1990s, the digital detox business – spanning hardware, apps, telecoms, workplace wellness providers, digital “wellbeing suites” and tourism – is now a global industry in its own right.
Sumup/Unsplash“Would you like to donate $2 to charity today?”
If you have been Christmas shopping this season, you probably heard this question — and potentially felt pressured to donate money in the midst of a cost-of-living crisis.
