Nearly half of video games include in-game purchase options, fuelling a spending spree on virtual goods and a debate on what property rights are held over the digital assets
Since the Great Recession, macroeconomists have been debating the alleged breakdown of the relationship between inflation and the output gap – also known as the Phillips curve.
At a time of increasing uncertainty, growing international threats, and fundamental challenges to multilateralism, we need solid institutions more than ever.
Over the past ten years there has been a substantial rise in income per capita differences between Germany and France. Here's what could be done to encourage convergence.
In the third quarter of 2019, total household debt in the U.S. rose to a staggering $13.5 trillion, comprising of mortgages, auto loans, credit card, and student debt.
Rock bottom global interest rates have been a boon for so-called frontier-market countries, which have been able to borrow cheaply to finance their development needs. But there can be too...
Take a look at the diminishing history of the cost of debt—money has never been cheaper for governments to borrow than it is today.
New research explores how households form and update their expectations of inflation.
In order to maintain their independence in WWII, neutrals had to make up for their relative military weakness by offering economic concessions to the belligerents.
In 2019, the highest income earners in Sweden pay a whopping 57.19%, more than anywhere else in the world.
The dynamic interactions between falling prices, defaults, and credit constraints keep growing numbers of buyers out of the market. The scarcity of buyers lowers prices, intensifies the b...
The U.S. central bank is taking a closer look at the economic impacts of higher temperatures, more frequent severe weather, and rising sea levels.
The five biggest emitters would contribute around 25% of this projected rise, the study says, with China accounting for 10cm by 2300, followed by the US with 7cm, the 28 member countries ...
According to researchers, real interest rates would have fallen much further in the last half-century if governments had not expanded social insurance programs and taken on more debt.
Four key areas to consider to reform the euro.