Recent disruptions to global oil markets, from Russia’s invasion of Ukraine to the war in Iran, have revived fears of stagflation. This column shows that
Official development assistance fell by 23% in 2025, the largest drop on record. Aid disbursements have tended to coincide with deposits in offshore banks. This
Driven by national security concerns, a growing number of countries screen foreign investment in an expanding range of sectors, yet evidence on the economic effects
Nominal interest rates increased significantly in the US and euro area following the post-pandemic inflation surge, yet economic activity and labour markets remained resilient. This
The European banking sector is known for high regulatory complexity, market fragmentation, and uneven implementation of international standards. However, this column argues that across-the-board reductions
EU debt has become a noticeable feature of Europe’s fiscal architecture. However, EU fiscal rules focus solely on national public finances. They have a blind
Emerging market capital flows remain highly sensitive to global shocks. This column analyses foreign investors in emerging market local-currency sovereign bonds depending on whether they
Concerns abound that ‘killer acquisitions’ by tech giants could deter startup entry and stifle innovation. This column analyses patent data before and after 1,200 acquisitions
Financial crises routinely trigger sweeping overhauls of financial regulation, but whose interests do these reforms serve? Using data on financial policies in 88 democracies between
Public debt is at or near record highs across the OECD, increasing the pressure on governments to restore fiscal sustainability over time. This column draws