As large language models gain traction, it is important to ensure that decisions delegated to them comply with ethical and legal principles. This column reports
Preferential college admission is gaining traction worldwide as a means to address inequality in higher education, drawing greater attention to the design of such policies.
The timely detection of recessions is critical for an effective policy response. Yet, in the US, the official declaration from the NBER Business Cycle Dating
Global trade is entering a new era shaped by geopolitical alignment and China’s evolving role. China has become a direct competitor in high-tech sectors while
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
Fuel and carbon prices are typically assessed based on their effectiveness in reducing emissions, while their broader societal benefits often go overlooked. This column evaluates
Violence against women refers to any act of gender-based violence directed against women, or that affects them disproportionately. The social and economic consequences are enormous: