As populations age, the demand for long-term care services and support (LTCSS) is growing rapidly. Estimates indicate that two-thirds of Americans over the age of
In recent years, concerns over global financial fragmentation have grown amid rising geopolitical tensions. This column integrates a network structure in a multi-country model with
A growing body of research highlights the importance of mobility in the global knowledge economy, but has largely focused on high-income countries. This column addresses
As of end-September 2024, Chinese banks’ cross-border lending to emerging markets and developing economies (EMDEs) made up about 23% of their total lending abroad ($520
This seemingly old-timey form of schooling is reemerging in rural areas where families seek a different education for their children. For about a century –
Finding new international suppliers and reconfiguring supply chains takes time and money. As Grossman et al. (2024) and Baldwin and Freeman (2022) emphasise, finding new
As climate change intensifies and policy responses evolve, there is a growing consensus in the literature that climate risk is already significant for banks in
In a family of canonical macroeconomic models, fluctuations in consumption are explained by changes in real fundamentals – technology, factor productivities, resource endowments, or external
Tariffs announced on 2 April 2025 by the US administration marked a clear change in global trade relations. All trading partners, including Europe, face higher