In September the €-coin indicator decreased again (to 0.16, from 0.18 in August) but remained at levels that are compatible with a modest expansion in economic activity in the euro area.

A new CEPR study by Michal Burzynski, Jaime de Melo, Christoph Deuster and Frédéric Docquier investigates the long-term implications of climate change for local, inter-regional and international migration of workers.

The provision of financial services is profoundly changing worldwide – so much so that many commentators are predicting the death of banking as we know it. The 22nd Geneva Report, which is published today, provides an overview of the rapid changes facing the industry and considers what banks must do to maintain their position of influence.

A new CEPR study by Ben Broadbent Federico DiPace, Thomas Drechsel, Richard Harrison and Silvana Tenreyro shows that many of the effects of the referendum result can be thought of as news about a future slowdown in productivity growth in the tradable sector.