Inflation
Martha Olney (2025) Inflation. Cambridge/Mass: The MIT Press. pp. 287. Anyone who has balked at the price of a carton of eggs or lamented the cost of a tank of gas in the past five years has experienced the sting of inflation. What causes inflation? When has it surged historically? And which policies best address […]
Demographic change: Headwinds for economic growth
Federica Coelli, Pablo García Guzmán, Emily Nilsson With fertility rates falling and populations ageing worldwide, the impact of demographic change on economic prosperity has become a central policy concern. This column uses a neoclassical growth model to quantify the economic cost of ageing in the economies where the EBRD invests and beyond. It contrasts the […]