Following a period of subdued consumer price changes, inflation has recently surged to levels that are significantly impacting the behavior of households and firms. Although the underlying sources of inflation differ across major advanced economies, central banks have progressively tightened...

Can economic theory help - forecasting key macroeconomic variables? This article aims to provide some insight into the question by drawing lessons from the literature. The definition of ‘economic theory’ includes a broad range of examples, such as accounting identities, disaggregation and...

The dissemination of news reports and communication is inherently constrained by limitations in space, time, and attention. Consequently, news sources often base their decision to share information on the congruence between the signal and the pre-existing beliefs of the audience, leading to a...

German and European banks have demonstrated remarkable resilience amidst episodes of stress within global markets in March 2023. Recent reports indicate a notable increase in bank profits, alongside stable capital and liquidity ratios. Since the global financial crisis, regulatory measures have...

The objective of this study is to enhance the understanding of inflation targeting tools, which can aid in the development of effective inflation targeting policies in the context of global trends exposure. The current paradigm of sustainable economic development is being challenged by the...

This study presents compelling experimental evidence indicating that the core intertemporal choice anomalies, encompassing extreme short-run impatience, present bias, hyperbolicity, and transitivity violations, are primarily attributable to complexity rather than time or risk preferences....

This doctoral thesis explores the impact of socioeconomic behaviour and foreign policy changes by international law on economic growth factors. The study investigates the ways in which changes in socioeconomic behaviour and foreign policy can affect economic growth, and the role that...

The reduction of homeownership rates among younger households in various significant advanced economies has become a subject of growing concern. This present analysis aims to elucidate the underlying factors behind this trend, demonstrating that amplified levels of labor income inequality and...

In the thirty years prior to the outbreak of the pandemic, a confluence of four intersecting tailwinds exerted significant influence on aggregate supply, rendering it highly sensitive to variations in aggregate demand. These tailwinds were characterized by a relatively stable geopolitical...

Climate change has become a pressing issue that requires comprehensive and scientific understanding of its impact on the economy. Policymakers seek answers to the questions of how climate change affects economic growth, inflation, and the financial system. To design targeted policies, it is...