This podcast episode explains groundbreaking Bank of England research uncovering the financial mechanics behind Britain's 1833 slavery abolition compensation. Delve into newly analyzed archival data to understand who truly benefited from the £20 million payout to slave-owners, revealing the crucial role of London's financial institutions and intermediaries in quickly monetizing these government assets.

This episode explains a real academic paper in plain English for a general audience.

Source paper:

The collection of slavery - Bank of England

http://www.bankofengland.co.uk/education/Pages/resources/inflationtools/calculator/default.aspx

Keywords: Slavery, British Empire, Financial History, Central Banking, Government Debt, Financial Markets

This episode explores a Federal Reserve Bank of New York research paper on the economic effects of legalizing mobile sports betting. We unpack how betting and consumer credit distress can spill across state borders, impacting credit scores and delinquency rates, especially for younger individuals. Understand the fiscal asymmetry created for states that haven't legalized, bearing costs without the tax benefits, all explained in plain English.

This episode explains a real academic paper in plain English for a general audience.

Source paper:

Sports Betting Across Borders: Spatial Spillovers - Federal Reserve Bank of New York Staff Reports

https://doi.org/10.59576/sr.1184

Keywords: sports betting, consumer credit, spatial spillovers, financial stability, delinquency, state taxation

This episode dives into how ordinary households form their views on inflation, revealing a surprising truth: changes in food prices matter most. Discover why the cost of your groceries profoundly influences collective inflation expectations across all demographics, more so than even energy prices. This research offers crucial insights for central banks in understanding and predicting persistent inflationary pressures.

New research reveals that rising global temperatures are significantly increasing the costs of international trade, a factor largely overlooked in climate impact assessments. This study combines historical trade and weather data to show how climate change, particularly through its effects on sea ports, makes shipping goods more expensive. Discover how ignoring this trade cost channel leads to a substantial underestimation of the true economic welfare impact of a warming planet.

This episode delves into new research exploring the Phillips curve, a key model linking inflation and economic slack. Using extensive firm-level survey data from the UK and US, economists uncover compelling evidence that the Phillips curve is convex, meaning prices respond differently to positive versus negative demand shocks. This non-linear relationship has significant implications for central banks and how monetary policy can effectively manage inflation.

Recovered episode

Recovered episode

Recovered episode