Articles tagged with Macroeconomics
A study by the University of Texas at Austin found that Moody's new rating policy led companies to borrow an average 22% more, increasing their investments despite no change in financial health. The shift from counting preferred stock as debt to equity reduced a company's perceived risk and improved its credit rating.
Researchers at West Virginia University are studying loss-chasing behavior in West Virginia to identify trends and triggers that cause gamblers to place risky bets. The goal is to promote responsible gaming and consumer protection in gaming markets.
The 11th HKU Quarterly Forum explored China's economic growth, highlighting the need for technology to support traditional industries. Keynote speakers discussed the role of technology in overcoming K-shaped divergence, globalization, and global financial markets.
A study by Nooshin L. Warren found that small changes in sexual misconduct and gender portrayals can affect box office revenue, with adjustments adding or subtracting $8-13 million. Meanwhile, public expectations of gender roles seemed to regress after #MeToo, indicating a slower adoption of new norms.
Researchers analyze how technology has shaped the retail investment market in the US, noting dramatic drops in costs but persistent structural hurdles. The study concludes that technological advancements introduce complex regulatory challenges regarding jurisdictional oversight and investor protection.
A new study examines how political context influences supply chain decision-making, finding that ideological cues can alter perceptions of both the decision and the decision-maker. Researchers found that even neutral presentations of politically charged issues can activate bias, influencing how recommendations are received.
A new Brookings Institution study found that ICE surges have caused significant job losses in cities where enforcement is most active. Between 51,000 and 297,000 American-born workers lost their jobs due to the surges, which also led to widespread disruptions throughout industries such as construction.
Research from the University of Texas at Austin found that pandemic loan fraud explained 22.5% of average housing price increases in 2020-2021. This type of fraud hurt individuals who bought houses at inflated prices, and had secondary effects on auto title registrations and other economic indicators.
Researchers developed a new model showing that supply chain disruptions exacerbate systemic risk in the banking sector. The model reveals that supply chain contagion can amplify losses on the interbank market by 70%, posing a major threat to financial stability.
A study of Rwandan young adults reveals modest strengths in some areas of digital financial literacy but significant gaps, particularly in cybersecurity practices and use of financial products. Disparities were found by gender and education level, with men and higher-educated individuals showing more knowledge and skills.
Heriot-Watt University is collaborating with Falkirk FC on a £200k Knowledge Transfer Partnership to enhance the club's financial sustainability and ownership structure. The project will leverage academic expertise in data analysis, digital engagement, and supporter research to drive growth and long-term success.
A new study reveals that the Global North has drained over 900 million tonnes of materials, 4 million km2 of land, and 53 billion hours of labor from Latin America through international trade. This unequal exchange reinforces the existing power imbalance in the global economy.
The forum discussed geopolitical risks, macroeconomic policy directions, and new economic drivers amidst intensifying external and internal challenges. Key findings highlight the resilience of Hong Kong's capital markets and the growth of artificial intelligence and high-tech industries in China.
A new report highlights the catastrophic risks of nature loss on food systems, economies and societies. Chronic pressures like soil degradation and water scarcity are already reducing crop yields and increasing food prices.
A new AI model helps measure business complexity by breaking it down into 29 categories, including debt, equity, and financial structures. The tool can identify areas of complexity that require closer analysis for investors and provide insights for standard setters and regulators to simplify reporting standards.
Researchers found that more accurate weather forecasts can significantly reduce heat-related deaths. The study suggests that technological advancements in forecasting can offset projected increases in heat-related fatalities due to climate change. In fact, the economic value of saving lives through improved forecasting is substantial a...
Hong Kong Climate Week 2026 aims to harness the city's strengths as an international financial centre and global connectivity hub. The event focuses on bridging global consensus and local implementation, highlighting the need for adaptation and innovation in addressing climate change.
A cross-sectional study documents persistent racial disparities in food insecurity over 23 years, with smaller disparities among SNAP-participating households. The study highlights the need for targeted policies to address food insecurity and its intersectional effects.
The 4th edition of the Spanish Innovation Index reveals Ikea as leader in commercial innovation, Toyota and Apple as top innovators in social and digital sectors. Zara, Balay, and Idealista take the lead in their respective categories, showcasing sustained improvement in consumer perception of innovation.
A new study reveals that US industrial research labs played a crucial role in the country's rise as a technological superpower in the 1920s. The labs, which emerged during World War I, shifted from craftsmanship-based to science-based innovation, enabling teamwork and novel technology combinations.
The book sheds light on the often-ignored contributions of women in economics, highlighting their role as economic agents throughout history. Heggeness shares robust data and anecdotes about women who have thrived economically, from Taylor Swift to unsung heroes like Francis Perkins.
New research from The Simpson Centre reveals Canada's canola sector faces structural vulnerabilities due to reliance on China and the US for exports. Limited capacity to reallocate shipments to alternative destinations creates distinct risks across different segments of the canola value chain.
A new study warns that the U.S. government's fiscal capacity depends on the dominance of the U.S. dollar, and potential losses for bondholders could be significant if another currency replaces it. Historically, countries with a strong currency have experienced economic downturns when their dominance wanes.
A new Japanese study uses a two-country model to investigate the impact of tariff policies on economic growth outcomes across countries. The researchers found that similar trade policies can lead to very different growth outcomes across countries, depending on a country's existing industrial structure.
A new digital and legally binding fingerprint developed at the University of Copenhagen makes products impossible to counterfeit. Royal Copenhagen is among the first brands in the world to use this solution, resulting in immediate transparency across their distribution chain.
A new study by the Complexity Science Hub reveals that crypto hacks can have a significant impact on market prices, with investors bearing the brunt of the losses. The study found that in 12 cases, affected tokens experienced subsequent price crashes, resulting in $1.3 billion indirect losses.
A new study found that the arrival of boll weevils in the US South in the early 20th century led to improved economic outcomes for Black sons born after the agricultural shock. The researchers examined changes in earnings, occupations, and residences for Black males before and after the boll weevil's appearance.
The US economy is expected to grow at 1.8% in 2026, with AI and energy infrastructure investments playing a key role. Despite this, job creation will not be strong enough to keep unemployment rates from rising to 4.8%, with the nation's economy facing uncertainty around trade policy.
When economies falter, households become more vigilant in searching for high-interest savings accounts, which can exacerbate recessions. This collective behavior amplifies economic fluctuations by 14%, pulling more money out of the economy when it's already struggling.
ESMT Berlin has appointed Henry Sauermann as its new TEAM GLOBAL Chair for Disruptive Innovation, with support from technology holding TEAM GLOBAL. The chair will focus on translating fundamental research into teaching and practical support for innovators, aiming to elevate civilization to the next level.
Researchers analyzed multiple countries' performance in achieving infection control and economic recovery, highlighting the impact of risk attitudes, patience, and trust on policy decisions. Countries with high levels of trust and patience managed to limit deaths and resuming production, while those with low trust and higher risk toler...
Researchers argue that boosting entrepreneurship is counterproductive to Africa's economic development due to a lack of large firms. The study suggests that focusing on building large firms and adopting strategies from East Asia's successful growth models could be more effective.
Researchers at University of Bath warn that underpriced leverage risk could trigger a new banking or credit crisis. Default rates on US leveraged loans are at their highest level in four years, with many borrowers resorting to distressed exchanges.
A new study by Dr. Heylel-li Biton explores why foreign firms choose between IFRS and U.S. GAAP, finding that flexibility and compliance costs are key considerations. The research sheds light on the motivations behind financial disclosure decisions and offers guidance for regulators and investors.
A new study by Carnegie Mellon University finds that foreign multinational firms shift a modest amount of income out of the US for tax reasons. This income shifting supports a modest amount of employment and investment in the US, with results informing the potential effects of upcoming tax bills.
A new study reveals that fatal school shootings have far-reaching consequences, altering daily life and disrupting economies in affected communities for months. Anxiety about public safety drives a measurable decline in consumer activity, particularly in grocery stores and restaurants.
Renowned economist Michael Weber is nominated to join ESMT Berlin with a €5 million Humboldt Professorship, establishing the first business school in Germany to receive this distinction. The appointment aims to strengthen research in economics and policy at ESMT, exploring how households' expectations shape real-world decisions.
The study analyzed the causal impact of digital infrastructure on debt costs using China's 'BroadBand China' policy. Key findings show that digital infrastructure increases corporate debt costs, highlighting its dual significance for businesses and policymakers.
A unique database of 3,500 global economic elite individuals from 16 countries provides insights into their demographics, education, and influence on economies. The World Elite Database sheds light on the power dynamics of the world's wealthiest individuals and those with regulatory power.
A new study from the University of Surrey reveals that deregulated banks have led to a significant shift in corporate earnings management strategies, with companies opting for riskier real earnings management (REM) over accrual-based earnings management (AEM). This shift poses long-term risks to sustainability and innovation.
A new UCL study found that women experience a significant 4.3% reduction in earnings on average four years after a menopause diagnosis, rising to 10% by the fourth year. Women without a university degree are disproportionately affected, with graduate women facing no earnings penalty.
The University of Texas at Arlington hosts weekly 1 Million Cups meetings, bringing together students, faculty, and local entrepreneurs to share ideas, network, and support startups. The program is part of the global 1MC network, which aims to facilitate community engagement and innovation.
A new study estimates that India will see over 62.4 million cases of tuberculosis in the next two decades, posing a significant burden on the country's health and economy. Scaling up existing treatment regimens could generate at least $28 billion in GDP gains, highlighting the need for increased investment in TB control measures.
A new study by Kishore Gawande finds that China's nationwide protection of private property rights in 2007 turbocharged its business climate. However, the country is now reversing course, with potential investors pulling back due to weakening property rights. This could lead to lower economic output and tax revenues for local governments.
Researchers found a significant association between neighborhood deprivation and DNA methylation in brain tissue, which may be linked to immune response. The study identified one CpG site (cg26514961, PLXNC1 gene) significantly associated with neighborhood deprivation after controlling for covariates.
The employment-to-population ratio for people with disabilities decreased slightly over the last four months, but labor force participation is leveling off. People with disabilities are still engaged in the labor force at a similar rate to last month.
Recent research highlights unprecedented upward trend in employment for people with disabilities, supported by favorable labor market and employer attitudes. Continued research and policy development are needed to extend this trend and foster a more inclusive economy.
A proposed reporting system could help prevent future bank crises by providing regulators with detailed disclosure of both good and bad news. The system would shield less risky banks from runs while spotlighting the riskiest ones, protecting them from panic-driven withdrawals.
The UK is heavily exposed to the electric vehicle (EV) revolution due to its critical dependency on battery imports, with imports exceeding exports by 10.5 times. The Aston University report outlines a four-point plan to fortify the UK's presence in the global EV market.
A new study published in PLOS ONE found that the effective tax rate paid by multinational corporations varies greatly across countries, with some paying as little as 1% of gross income and others up to 67%. This disparity highlights the need for better data on tax rates to inform policy decisions.
Despite cooling economic growth, people with disabilities continue to make strides in the labor market, maintaining their record-high employment-to-population ratios. The employment-to-population ratio for people with disabilities remained stable at 37.2%, while that of those without disabilities also held steady at 75.2%.
The employment-to-population ratio for people with disabilities jumped to a new all-time high, reaching 37.9%, while labor force participation rates also increased, with 41.2% of working-age individuals participating in the workforce. This trend contrasts sharply with people without disabilities, whose ratios decreased slightly.
The June 2023 nTIDE report shows employment-to-population ratio for people with disabilities increasing to 37.0%, while labor force participation rate decreases slightly to 39.7%. Employment and labor force participation of people with disabilities may be negatively affected by Federal Reserve efforts.
New research suggests Ukrainian refugees can improve long-term GDP in European countries investing in capital improvements. Low-skill workers and owners of capital benefit in the short term, while high-skill workers face competition for jobs.
Illinois Tech researchers found that blockchain technology, investor sentiment, and economic stress are key predictors of bitcoin returns. Bitcoin's detachment from economic fundamentals makes it a poor safe-haven asset.
Central bank balance sheet policies are effective if investors behave according to a plausible alternative behavioral assumption to rational expectations. Professors Iovino and Sergeyev's new paper finds that level-k thinking breaks away with the demanding assumption of rational expectations, allowing agents to have varying degrees of ...
New research finds that most corporations that face significant inflation risk have failed to disclose it, causing $0.9 trillion to $2.8 trillion in shareholder damages. Companies with high exposure to inflation risk have seen their share prices drop following inflation shocks.
The labor force participation rate for people with disabilities increased to a record 40.2% in March 2023, surpassing the rate for those without disabilities (77.6%). This growth reflects an ongoing recovery from the COVID-19 pandemic and may be driven by factors such as increased job opportunities and family needs.
Researchers developed a new model to predict U.S. recessions and economic slowdowns based on financial statement manipulation. The study found that high levels of potential manipulation in financial statements can improve recession prediction 5 to 8 quarters away.
The employment-to-population ratio for people with disabilities increased from 36.5% in November to 37.0% in December, up 1.4%, while it remained unchanged at 74.4% for those without disabilities. This surge continues the gains of the last four months and highlights the ongoing strength of people with disabilities in the job market.