Economic Brief

The predicted average effective tariff rate for May was 17.5 percent, but the actual rate turned out to be 8.7 percent.

Local multipliers mean changes in government spending can have amplified effects on local economies.

A "rounding tax" could affect consumers, especially if attention turns to phasing out the nickel as well.

Such information creates significant inefficiencies, lowering asset supply, trade volume and overall welfare.

Global interconnectedness has been present for decades, as seen by how countries' GDP growth and inflation tend to move together.

In 2024, a significant number (12 percent) of 16-24 year olds were classified as "NEET" (not in employment, education or training).

An "impact factor" may help estimate how tariffs affect the cost of intermediate inputs used in production.

Once lauded as a model of fiscal discipline, Germany's debt brake now stands at the center of a growing debate over its broader economic consequences.

Situations where tariffs provide overall benefits are theoretically possible but appear to be practically limited.

Viewing the rise in inflation through a single perspective may mean missing part of the picture.