Macro
What if everything you've heard about Europe's economic decline is wrong?
Work through the statistics problems one by one, and the gap between the US and Europe largely disappears.
Latest
Macro
The quiet reshaping of global supply chains — and what it means for inflation
Three years on, firms are still rerouting and reshoring. The inflationary consequences may be more persistent than central banks are admitting.
Explainers
Productivity's missing years: why the data is murkier than the headlines suggest
Measured productivity has stagnated for fifteen years. But measurement problems are rife — and the truth may be more nuanced.
Data & Charts
Data & Charts
Visualising forty years of income inequality in five charts
Interactive charts tracing the Gini coefficient, income shares and real wage growth since 1980.
Macro
The rate cycle in one animated chart
Central bank policy rates across G7 economies, animated from 2000 to today. The current divergence is historically unusual.
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Data & Charts
Are Rising US Bond Yields a Benign Side Effect of Higher Growth Expectations?
Stephen Miran says the recent rise in Treasury yields is a growth story, not a warning sign. The Fed's own data tells a rather different story.
Macro
Is the soft landing already over?
Consumer spending data from Q4 raises questions about the durability of the disinflation story.
Explainers
The fiscal rules that bind — and those that don't
A comparative look at how governments across Europe are navigating their self-imposed constraints.
Explainers
The AI jobs question: what economists actually know
Separating the evidence from the speculation on automation and employment.