Housebuilding in England jumps as developers seek to avoid new energy rules
Project starts increased by 75% in second quarter
Consumer confidence takes 10-point dive in September
Greece’s economic sentiment (ESI) recorded a drop of almost 3 points in September to 108 points, after a 0.7-point increase in August, according to European Commission figures released on Thursday.
Building activity continues to grow, rising by 13 pct YoY in Jun
Building permits recorded solid growth in June, rising by 13 percent year-on-year (YoY), after a rise of 15.8 percent in May, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Thursday.
Government paves way for major U-turn on migration as opposition warns of interference in regulators
Measures to manage migration, including a major regularisation programme, have been mooted by Greek government officials this week in what could turn out to be major policy reversal for the Mitsotakis administration.
UBS seeks last-ditch settlement in Credit Suisse ‘tuna bonds’ case
Trial at London’s High Court over Mozambique scandal is due to start next week
Want to Spur Green Energy in Wyoming? Aim for the Billionaires.
One man’s quest to lure climate investment from the wealthy enclave of Jackson underscores how the climate law works: It runs on rich people.
Central bank communication by ??? The economics of public policy leaks
Leaks of confidential information emanating from public institutions have been the focus of a long-standing line of research. Yet, their determinants as well as their potential impact on public views and on policy effectiveness remain elusive. To address this gap, we study leaks from central banks because their effects are instantaneously reflected in financial markets. Based on a novel database of anonymous monetary policy leaks in the euro area as reported by newswires, we provide evidence that many of these leaks are likely placed by individual insiders with minority opinions.
Climate-conscious monetary policy
We study the implications of climate change and the associated mitigation measures for optimal monetary policy in a canonical New Keynesian model with climate externalities. Provided they are set at their socially optimal level, carbon taxes pose no trade-offs for monetary policy: it is both feasible and optimal to fully stabilize inflation and the welfare-relevant output gap. More realistically, if carbon taxes are initially suboptimal, trade-offs arise between core and climate goals.
Central bank communication by ??? The economics of public policy leaks
Leaks of confidential information emanating from public institutions have been the focus of a long-standing line of research. Yet, their determinants as well as their potential impact on public views and on policy effectiveness remain elusive. To address this gap, we study leaks from central banks because their effects are instantaneously reflected in financial markets. Based on a novel database of anonymous monetary policy leaks in the euro area as reported by newswires, we provide evidence that many of these leaks are likely placed by individual insiders with minority opinions.
Climate-conscious monetary policy
We study the implications of climate change and the associated mitigation measures for optimal monetary policy in a canonical New Keynesian model with climate externalities. Provided they are set at their socially optimal level, carbon taxes pose no trade-offs for monetary policy: it is both feasible and optimal to fully stabilize inflation and the welfare-relevant output gap. More realistically, if carbon taxes are initially suboptimal, trade-offs arise between core and climate goals.
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