Business cycles in advanced economies are increasingly driven by global rather than domestic shocks. This column shows that global shocks…
The relationship between inflation and economic slack, shown by the Phillips curve, has long been a cornerstone of economic policymaking.…
Political polarisation in the US has increased dramatically in recent decades, both among political elites (Gentzkow et al. 2019) and…
The public debate about retail central bank digital currency (CBDC) has centred around a range of concerns. Some focus on…
President Trump’s rhetoric about a possible acquisition of Canada and escalating trade tensions led to a 25% decline in Canadian…
China's solar industry is a poster child for the country’s economic rise over the last four decades. The output of…
As geo-economics tensions rise, researchers rush to understand how cross-border restrictions have been used in the past. This column constructs…
The swift rise of artificial intelligence (AI) is reshaping production systems and raising fundamental concerns about the future of work…
The 2022 inflationary spike in Europe has brought renewed interest in fiscal drag. Using harmonised microdata for 21 European countries,…
Credit default swap spreads have become critical benchmarks for credit risk assessment. A recent report from the European Systemic Risk…