The Future Starts With Us

Gordon Brown (2026) The Future Starts With Us. London: Simon & Schuster. Pp. xiii + 402. Every day we see evidence of the fracturing of the rules-based order. War, mass migration, economic disruption and climate collapse fill our screens. At the same time, many feel a different kind of fear. The erosion of civic life […]

Reassessing the 2000s Housing Cycle After Two Decades of Research

Adam Guren What caused the 2000s housing cycle? This article synthesizes two decades of research, including reduced-form empirics and structural models. Although often contentious, the literature coheres once one accounts for each study’s timing, place, methodology, and measurement. The cycle was a perfect storm that occurred in distinct stages. Starting in the late 1990s, fundamentals […]

Why should the ECB care about the unequal effects of climate change?

Daniela Arlia and Rachele Rizzo The consequences of climate change and the transition to a carbon-neutral economy are not the same for all households, sectors and regions. Droughts, for example, can drive up food prices. This hits low-income households harder than others, as they spend a larger share of their income on essentials like food. […]