Innovation is widely viewed as the engine of economic growth. But not all innovations play the same role. Economists often…
The composition of international reserves is in a constant state of flux. This column identifies some surprising recent trends, including…
A central problem for every firm is to ensure that workers provide effort, especially when that effort is hard to…
In a cost-of-living shock, households must cope with lower purchasing power while also substituting away from goods whose prices have…
Economics offers a century-old fix to climate change: carbon pricing. While widely accepted in policy circles, practical attempts to implement…
Public debt is at or near record highs in many economies, at the same time as population ageing, climate change,…
Bank balance sheets on both sides of the Atlantic have undergone a profound transformation. While traditional corporate lending has slowed,…
Comparable international survey data on artificial intelligence adoption by firms is still lacking. This column surveys over 5,000 CFOs, CEOs,…
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.…