Countries reform when their neighbours have reformed too, especially in the aftermath of economic crises. This column examines business regulatory reforms during 2004–2019. Previous crisis episodes have generated improvements in the law and administration of…

The Fed’s current operating practices are afflicted with three serious flaws. Like most other central banks, the Fed refuses to set seriously negative policy rates; Like many other central banks, including the ECB, the Fed…

Macroprudential policy and COVID-19: Restrict dividend distributions to significantly improve the effectiveness of the countercyclical capital buffer release Manuel A. Muñoz 03 July 2020 On 27 March 2020, the ECB updated its recommendation to banks…

By Lambert Strether of Corrente. Patient readers, stories keep popping up right before I’m going to post that I have to put together, in this case the arrest of Epstein’s madame, Ghislaine Maxwell (see below).…

Cybersecurity. Climate change. And now coronavirus.  Some of the most critical issues impacting humans today concern our interdependence with the non-human environment.  A recent virtual event addressed another such issue: the potential impact machines, imbued…

It is part of the American quadrennial experience: Every four years, we elect a new President (and a third of the Senators, and every Representative). The economy also does its thing: Smart Presidents have passed…

Yves here. Readers may be surprised to learn that independent science groups review major climate models on a regular basis. Nevertheless, and I hate to seem like such a naysayer, but between Covid-19 and greater…

Cloud cuckoo land? How one bird’s epic migration stunned scientists Guardian Fed’s Bullard says risk of financial crisis remain FT Russian Arctic sets ‘fantastical’ heat records: weather chief Agence France Presse House Democrats’ Climate Plan…