China is the world’s second-largest economy, and its monetary policy can affect global demand and trade. Using granular mutual fund data, this column finds that
Aggregate productivity growth in Europe has disappointed over the last two decades, fuelling concerns about competitiveness. This column argues that firm-level evidence points to a
Housing shortages and rising rents have become a source of political pressure in many countries, prompting calls for stronger intervention in rental markets. This column
Governments increasingly use protection and targeted subsidies to promote domestic firms. These policies are usually evaluated in the market they target. This column uses India’s
Imitation is a first-order concern for enterprises operating global production processes. Firms routinely source knowledge-intensive inputs from many countries, including those with weak intellectual property
Many public institutions are now experimenting with AI tools to support surveillance, supervision, and policy analysis, raising questions about which analytical tasks can be delegated
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