Emerging markets have long been highly exposed to swings in global risk sentiment. During periods of heightened risk aversion – so-called ‘risk-off’ episodes (Caballero and
Many economies index their minimum wage to inflation to preserve its real value during inflationary periods. This column shows, however, that the timing and predictability
Concerns about declining student achievements have become central in education debates, with teacher quality drawing attention as a key driver. This column examines how wages
The EU aims to finance common priorities in defence, energy transition, and digital infrastructure with supranational EU bonds. This column argues that the current exclusion