Rebecca Stuart
@rebstuart.bsky.social
Irish monetary historian working on Swiss data, lecturer University of Neuchâtel and ZHAW, Honorary Professor of Practice in Finance, Queen’s University Belfast.
Reposted by Rebecca Stuart
An interesting presentation by SNB President Martin Schlegel at the 2025 SNB Watchers conference this afternoon.
www.snb.ch/en/publicati...
www.snb.ch/en/publicati...
The path to the monetary policy decision at the SNB
www.snb.ch
November 21, 2025 at 2:17 PM
An interesting presentation by SNB President Martin Schlegel at the 2025 SNB Watchers conference this afternoon.
www.snb.ch/en/publicati...
www.snb.ch/en/publicati...
Reposted by Rebecca Stuart
📢 Virtual Workshop on French Economic History
At 5:00 pm CET, @zhexunmo.bsky.social (Stone Center on Socio-Economic Inequality, CUNY) will present:
“Soldiers versus Laborers: Legacies of Colonial Military Service and Forced Labor in Mali”
Interested in joining? Email me for the Zoom link.
At 5:00 pm CET, @zhexunmo.bsky.social (Stone Center on Socio-Economic Inequality, CUNY) will present:
“Soldiers versus Laborers: Legacies of Colonial Military Service and Forced Labor in Mali”
Interested in joining? Email me for the Zoom link.
November 18, 2025 at 9:00 AM
📢 Virtual Workshop on French Economic History
At 5:00 pm CET, @zhexunmo.bsky.social (Stone Center on Socio-Economic Inequality, CUNY) will present:
“Soldiers versus Laborers: Legacies of Colonial Military Service and Forced Labor in Mali”
Interested in joining? Email me for the Zoom link.
At 5:00 pm CET, @zhexunmo.bsky.social (Stone Center on Socio-Economic Inequality, CUNY) will present:
“Soldiers versus Laborers: Legacies of Colonial Military Service and Forced Labor in Mali”
Interested in joining? Email me for the Zoom link.
Reposted by Rebecca Stuart
I began looking into how Swiss banks fared in the Great Depression and found a paper on the near failure of the Schweizerische Volksbank in 1933. It deserves wider attention, so I decided to write a post based on it.
swissmacroandhistory.substack.com/p/blowing-up...
swissmacroandhistory.substack.com/p/blowing-up...
Blowing Up the Second-Largest Swiss Bank
The 1933 rescue of the Schweizerische Volksbank
swissmacroandhistory.substack.com
November 17, 2025 at 9:29 AM
I began looking into how Swiss banks fared in the Great Depression and found a paper on the near failure of the Schweizerische Volksbank in 1933. It deserves wider attention, so I decided to write a post based on it.
swissmacroandhistory.substack.com/p/blowing-up...
swissmacroandhistory.substack.com/p/blowing-up...
Reposted by Rebecca Stuart
The Riksbank is looking for a new Deputy Governor. Central banks should advertise all senior positions — if the pool is restricted to insiders there can be no presumption that the best possible candidate is appointed.
www.riksbank.se/en-gb/press-...
www.riksbank.se/en-gb/press-...
Recruitment of new Executive Board member initiated
The General Council of the Riksbank has decided to begin a recruitment process for a new member of the Executive Board of the Riksbank. The General Council also
www.riksbank.se
October 24, 2025 at 8:22 AM
The Riksbank is looking for a new Deputy Governor. Central banks should advertise all senior positions — if the pool is restricted to insiders there can be no presumption that the best possible candidate is appointed.
www.riksbank.se/en-gb/press-...
www.riksbank.se/en-gb/press-...
Reposted by Rebecca Stuart
Stephen Miran, the Fed’s newest governor, used his first speech to argue that the neutral rate has plunged after this year’s sharp shift in US economic policy. It is a striking claim — and it raises the obvious question: is he right?
swissmacroandhistory.substack.com/p/governor-m...
swissmacroandhistory.substack.com/p/governor-m...
Governor Miran’s first speech
Has the neutral rate fallen sharply?
swissmacroandhistory.substack.com
October 20, 2025 at 2:50 AM
Stephen Miran, the Fed’s newest governor, used his first speech to argue that the neutral rate has plunged after this year’s sharp shift in US economic policy. It is a striking claim — and it raises the obvious question: is he right?
swissmacroandhistory.substack.com/p/governor-m...
swissmacroandhistory.substack.com/p/governor-m...
Reposted by Rebecca Stuart
Recently accepted by #QJE, “The Price of Housing in the United States, 1890–2006,” by Lyons (@ronanlyons), Shertzer (@econhist-allday), Gray (@econhistoryorbust), and Agorastos: doi.org/10.1093/qje/...
The Price of Housing in the United States, 1890–2006*
Abstract. We construct the first annual market rent and home sales price series for American cities over the 20th century using 2.7 million newspaper real
doi.org
October 16, 2025 at 5:58 PM
Recently accepted by #QJE, “The Price of Housing in the United States, 1890–2006,” by Lyons (@ronanlyons), Shertzer (@econhist-allday), Gray (@econhistoryorbust), and Agorastos: doi.org/10.1093/qje/...
Reposted by Rebecca Stuart
Extraordinary news: Joel Mokyr has won the Nobel for his work on the Industrial Revolution. Entirely deserved, though in truth, he ought to win another for his work on the Great Irish Famine, which transformed how we think about Ireland’s nineteenth century and the economic history of catastrophe.
October 13, 2025 at 10:25 AM
Extraordinary news: Joel Mokyr has won the Nobel for his work on the Industrial Revolution. Entirely deserved, though in truth, he ought to win another for his work on the Great Irish Famine, which transformed how we think about Ireland’s nineteenth century and the economic history of catastrophe.
Reposted by Rebecca Stuart
In today’s post, I look at the upcoming decision of the Monetary Authority of Singapore, MAS: swissmacroandhistory.substack.com/p/the-mas-at...
The MAS at the Crossroads
Decision finely balanced, but patience likely to prevail for now
swissmacroandhistory.substack.com
October 13, 2025 at 4:14 AM
In today’s post, I look at the upcoming decision of the Monetary Authority of Singapore, MAS: swissmacroandhistory.substack.com/p/the-mas-at...
Reposted by Rebecca Stuart
In today’s post, I look at Martin Schlegel’s excellent first year as SNB president.
swissmacroandhistory.substack.com/p/martin-sch...
swissmacroandhistory.substack.com/p/martin-sch...
Martin Schlegel’s First Year as SNB President
A promising start with hopes of more to come
swissmacroandhistory.substack.com
October 9, 2025 at 3:02 AM
In today’s post, I look at Martin Schlegel’s excellent first year as SNB president.
swissmacroandhistory.substack.com/p/martin-sch...
swissmacroandhistory.substack.com/p/martin-sch...
Reposted by Rebecca Stuart
Reposted by Rebecca Stuart
Manuscript done ✅ Off to production at Bloomsbury!
The book revisits Adam Smith’s Wealth of Nations at 250, rethinking prosperity through inclusive wealth & sustainability
More soon… 📖✨
The book revisits Adam Smith’s Wealth of Nations at 250, rethinking prosperity through inclusive wealth & sustainability
More soon… 📖✨
October 1, 2025 at 1:18 PM
Manuscript done ✅ Off to production at Bloomsbury!
The book revisits Adam Smith’s Wealth of Nations at 250, rethinking prosperity through inclusive wealth & sustainability
More soon… 📖✨
The book revisits Adam Smith’s Wealth of Nations at 250, rethinking prosperity through inclusive wealth & sustainability
More soon… 📖✨
Reposted by Rebecca Stuart
Paper two presented by Emma Horgan @ucc.ie Discusses the effect of uncertainty on a range of newly constructed historical data series from 1945, paper with @seanekh.bsky.social and @a-fergal.bsky.social
October 3, 2025 at 11:42 AM
Paper two presented by Emma Horgan @ucc.ie Discusses the effect of uncertainty on a range of newly constructed historical data series from 1945, paper with @seanekh.bsky.social and @a-fergal.bsky.social
Reposted by Rebecca Stuart
@eoinaldo.bsky.social kicks of the Irish Macrohist workshop 2025 in @ucc.ie “Explaining the retreat of the Irish Language Fronteir”, paper with @cliochris.bsky.social and Alan Fernihough
October 3, 2025 at 11:20 AM
@eoinaldo.bsky.social kicks of the Irish Macrohist workshop 2025 in @ucc.ie “Explaining the retreat of the Irish Language Fronteir”, paper with @cliochris.bsky.social and Alan Fernihough
Reposted by Rebecca Stuart
@seanekh.bsky.social’s @ucc.ie paper presents a new improved Quarterly Irish GDP series from 1950, written with @rebstuart.bsky.social, as part of this @researchireland.ie pathways project on “External Shocks and Fiscal Sustainability”
October 3, 2025 at 1:38 PM
@seanekh.bsky.social’s @ucc.ie paper presents a new improved Quarterly Irish GDP series from 1950, written with @rebstuart.bsky.social, as part of this @researchireland.ie pathways project on “External Shocks and Fiscal Sustainability”
Reposted by Rebecca Stuart
Seasonally adjusted data show that Swiss inflation has strengthened over the summer, with annualised three-month inflation now running at about 1%. This suggests that underlying inflation is firmer than the annual figures imply.
swissmacroandhistory.substack.com/p/quick-comm...
swissmacroandhistory.substack.com/p/quick-comm...
Quick comment: Swiss inflation in August
Seasonal adjustment reveals summer uptick
swissmacroandhistory.substack.com
September 8, 2025 at 4:29 AM
Seasonally adjusted data show that Swiss inflation has strengthened over the summer, with annualised three-month inflation now running at about 1%. This suggests that underlying inflation is firmer than the annual figures imply.
swissmacroandhistory.substack.com/p/quick-comm...
swissmacroandhistory.substack.com/p/quick-comm...
Reposted by Rebecca Stuart
Reposted by Rebecca Stuart
A US default may sound implausible. History shows it is not unprecedented. swissmacroandhistory.substack.com/p/could-the-...
Could the US Default on its Public Debt? Lessons from 1933
Source: Federal Reserve Board.
swissmacroandhistory.substack.com
August 18, 2025 at 5:10 AM
A US default may sound implausible. History shows it is not unprecedented. swissmacroandhistory.substack.com/p/could-the-...
Reposted by Rebecca Stuart
One-year visiting position for advanced female postdocs in Dresden. I am happy to host anyone broadly interested in applied micro. Salary within the German public sector's pay scale (TV-L, E13-E15). Deadline: Sept 15, 2025. Please share widely! 👇
August 15, 2025 at 8:37 AM
One-year visiting position for advanced female postdocs in Dresden. I am happy to host anyone broadly interested in applied micro. Salary within the German public sector's pay scale (TV-L, E13-E15). Deadline: Sept 15, 2025. Please share widely! 👇
Reposted by Rebecca Stuart
Today I take a look at inflation in Australia and the upcoming RBA meeting. Expect a 25 bps cut.
swissmacroandhistory.substack.com/p/new-inflat...
swissmacroandhistory.substack.com/p/new-inflat...
New Inflation Data Point to an RBA Cut
Punchline: The Reserve Bank of Australia surprised markets by holding rates steady in July, but the decision seems more understandable in hindsight given the limited CPI data available at the time.
swissmacroandhistory.substack.com
August 4, 2025 at 2:46 AM
Today I take a look at inflation in Australia and the upcoming RBA meeting. Expect a 25 bps cut.
swissmacroandhistory.substack.com/p/new-inflat...
swissmacroandhistory.substack.com/p/new-inflat...
Reposted by Rebecca Stuart
This is a very good read about monetary policy in Australia by @insteconomics.bsky.social. open.substack.com/pub/stephenk...
When virtue is its own reward: the July RBA MPB minutes
Plus, the August TACO value pack
open.substack.com
August 4, 2025 at 4:13 AM
This is a very good read about monetary policy in Australia by @insteconomics.bsky.social. open.substack.com/pub/stephenk...
Reposted by Rebecca Stuart
Given the CSO's pioneering work to develop true measures of national well-being in a globalized world economy, Ireland can feel a little bit cheated at being left out! For those curious, GNI* in 2024 was 57% of GDP. Following that thru, it would place Ireland ~10th, level with Germany.
What is the richest country in the world in 2025?
Our annual ranking compares economies in three different ways
www.economist.com
July 22, 2025 at 8:41 PM
Given the CSO's pioneering work to develop true measures of national well-being in a globalized world economy, Ireland can feel a little bit cheated at being left out! For those curious, GNI* in 2024 was 57% of GDP. Following that thru, it would place Ireland ~10th, level with Germany.
Reposted by Rebecca Stuart
In today’s post, I return to the question of interest rate spreads and the exchange rate of the Swiss Franc against the euro. Two-year spreads work much better than policy rate spreads, perhaps because of QE in the euro area.
swissmacroandhistory.substack.com/p/interest-r...
swissmacroandhistory.substack.com/p/interest-r...
Interest Rate Differentials and the Swiss Franc 2.0
Punchline: In an earlier post, I found little evidence that the SNB–ECB policy rate spread drives the CHF/euro exchange rate, likely because the ECB’s unconventional policies make its policy rate a po...
swissmacroandhistory.substack.com
July 21, 2025 at 3:34 AM
In today’s post, I return to the question of interest rate spreads and the exchange rate of the Swiss Franc against the euro. Two-year spreads work much better than policy rate spreads, perhaps because of QE in the euro area.
swissmacroandhistory.substack.com/p/interest-r...
swissmacroandhistory.substack.com/p/interest-r...
Reposted by Rebecca Stuart
In today’s post I look at the ECB’s Strategy Assessment. As expected, no major changes but it missed an opportunity to spell out how its thinking about unconventional monetary policy has changed now that the side effects have become clearer.
swissmacroandhistory.substack.com/p/the-ecbs-s...
swissmacroandhistory.substack.com/p/the-ecbs-s...
The ECB’s Strategy Assessment: What is new and what is missing?
Source: ECB
swissmacroandhistory.substack.com
July 14, 2025 at 3:52 AM
In today’s post I look at the ECB’s Strategy Assessment. As expected, no major changes but it missed an opportunity to spell out how its thinking about unconventional monetary policy has changed now that the side effects have become clearer.
swissmacroandhistory.substack.com/p/the-ecbs-s...
swissmacroandhistory.substack.com/p/the-ecbs-s...
Reposted by Rebecca Stuart
A quick comment about the Swedish flash CPI data that came yesterday.
swissmacroandhistory.substack.com/p/quick-comm...
swissmacroandhistory.substack.com/p/quick-comm...
Quick comment: Swedish Inflation Surprises on the Upside
Punchline: the flash CPI data for June were unexpectedly strong.
swissmacroandhistory.substack.com
July 8, 2025 at 4:06 AM
A quick comment about the Swedish flash CPI data that came yesterday.
swissmacroandhistory.substack.com/p/quick-comm...
swissmacroandhistory.substack.com/p/quick-comm...