Following the US tariff announcements in early April, the US dollar strongly depreciated while US Treasury yields rose. This column zooms in on the April
Understanding differences in firm responses to macroeconomic shocks is key for designing policy actions. This column identifies 67 macro shocks using ‘jump’ days in the
The world economy appears to be entering a new phase of fragmentation, driven by rising geopolitical tensions and the resurgence of great power rivalry. A