The article analyses the rise in household indebtedness from the point of view of its causes and long-run macroeconomic implications. The analysis is focussed on the US case. Differently from life-cycle interpretations of the phenomenon, and from interpretations in terms of erratic deviations of...

The 2023 edition of the energy prices and costs report, covering developments between 2020 and 2022, comes at a time of almost unprecedented upheavals in European and global energy markets; a time of great international economic and political instability. The changes brought by the energy...