This is important. Many of the existing geopolitical and other risk measures are too Anglo-centric. Here the authors use European newspapers, hence e.g. Russia’s invasion of Ukraine has much larger and lasting effect on perceived risks in Europe. This increase is basically adverse supply shock=bad.

Yevheniia Bondarenko, Vivien Lewis, @matthiasrottner.bsky.social, & Yves Schüler introduce a new indicator of geopolitical #risk tailored specifically to the euro area, based entirely on newspaper coverage from local sources.
cepr.org/voxeu/column...
#EconSky

An accelerated #net-zero transition temporarily increases the probability of a financial crisis. However, the welfare losses are small relative to the real costs and benefits of the net zero transition.
Matthias Kaldorf @bundesbank.de, @matthiasrottner.bsky.social
cepr.org/voxeu/column...
#EconSky

Please submit to our conference on "Structural Changes and the Implications for Inflation" organized jointly Danmarks Nationalbank, Deutsche Bundesbank, and Norges Bank.

On a private note: Looking forward to being part of the organization of a conference for the first time!

New call for papers. Conference on:
"Structural Changes and the Implications for Inflation"
Eltville (near Frankfurt), 7-8 May 2024.
PDF of call: matthias-rottner.github.io/Files/Confer...
Submission link: www.conftool.pro/business-cyc...
Please submit!