Deposits are US banks’ primary funding source; they are typically cheap, abundant, and slow to reprice. Many households keep substantial…
Artificial intelligence promises to reshape economies worldwide, but firm-level evidence on its effects in Europe remains scarce. This column uses…
The extraordinary rise of artificial intelligence (AI) has moved to the centre of policy, market, and academic debate. The key…
A fundamental challenge in education is that students are different. The average fifth-grade class contains students working at levels ranging…
European natural gas prices surged in the summer of 2022 to more than ten times their early 2021 levels, and…
China’s place within international trade networks and global supply chains makes the propagation of Chinese shocks a global phenomenon. This…
Digital design increasingly confers a competitive edge in global tech markets. This column examines how the award to Apple of…
Macroeconomic models distinguish time-dependent pricing, where firms change prices at fixed intervals, from state-dependent pricing, where firms change prices in…
Wars do not end when the fighting stops. This column uses data covering 115 conflicts and 145 countries over the…
The latest World Economic Forum (WEF) Annual Meeting in Davos has just concluded, with geopolitical tensions dominating the agenda. Headlines…