The global minimum tax represents the most ambitious international effort in decades to curb profit shifting to tax havens. But how much profit shifting actually
While globalisation has increased productivity and incomes around the world, extensively linked value chains have introduced new vulnerabilities (Baldwin et al. 2023). ‘Geoeconomics’ — in
Textbook monetary economics views inflation as fundamentally driven by aggregate shocks, such as money supply or policy rates. This column presents empirical evidence that inflation