Sharp increases in interest rates can reduce the market value of banks’ securities holdings and threaten financial stability. Using euro area data for 2022-2023, this
Trade in critical metals essential for electrification has become centred on China over the last three decades. This column introduces a new framework in which
Policy narratives in the US on China have undergone a dramatic transformation in recent years. Increasingly, China is viewed as an economic rival that imperils
Anti-immigration policies often rest on the premise that immigrants worsen native-born employment and wages. This column uses data from 2000 to 2023 to estimate the