Scientific research has long been recognised as a central driver of technological progress and economic growth (Romer 1990). It also…
Industrial policies are rarely connected to global imbalances. Yet, they are a key feature of many countries running persistent trade…
As governments expand industrial subsidies in the name of economic security, debate intensifies over whether such policies distort trade or…
As geopolitical tensions from Ukraine to the Middle East disrupt global supply chains, understanding how diverse commodity shocks affect the…
Sweden chose to stay outside the monetary union at its launch in 1999, following the recommendation of the government’s EMU…
As advanced economies age, firms increasingly rely on younger immigrants for physically demanding, entry-level jobs. This column presents evidence from…
China is undergoing a sharp demographic transition: rapid population ageing, a shrinking labour force, persistently low fertility, and continued urbanisation.…
The 2024 reform of the EU's Stability and Growth Pact introduced medium-term expenditure paths as the centrepiece of a new,…
There are concerns that the widespread adoption of central bank digital currencies could drain bank deposits and weaken banks’ ability…
The G20 is approaching a turning point. Established in the aftermath of financial crises as a forum for macroeconomic coordination,…