Decoding Economics News Today

Did the temporary introduction of home umpires in international test matches during the pandemic lead to a bias in favour of home teams? A research paper from the IZA Institute of Labour Economics comes to some surprising conclusions

Development is not a smooth process; it disrupts the old social milieu and creates new winners and losers. The losers and winners both then mobilise along lines of identity, one to try for a bigger share of the pie, the other to preserve their share of the newly baked pie

A World Bank paper that studied the impact of the Golden Quadrilateral on the growth of firms shows that while survival rates increase for all plants as a result of their proximity to the road network, it is the younger plants who fare better. Older plants, in contrast, stagnate or contract, because of the increased competition

An RBI research paper studies the impact on the Indian stock markets of policy rate changes and of central bank communication on the future path of monetary policy

BIS researchers find that while output always increases, it can grow by up to twice as much for the same AI-induced increase in productivity when AI affects sectors producing consumption goods rather than investment goods

BIS researchers find that while output always increases, it can grow by up to twice as much for the same AI-induced increase in productivity when AI affects sectors producing consumption goods rather than investment goods

A research paper from the Federal Reserve Bank of New York spells out the effects of the Chinese government’s turn from real estate-led growth to increased investment in manufacturing