Understanding how US monetary policy is transmitted to foreign economies has long been a challenge for policymakers and researchers. This…
Ukraine’s grid operators have primarily relied on rotational outages to manage power scarcity, but this effectively functions as regressive tax…
Recent debates have highlighted the trade-offs between maintaining openness to foreign capital and safeguarding macroeconomic and financial stability, but measuring…
The conflict in the Middle East has once again exposed the euro area to sizeable energy shocks. One key lesson…
Across much of sub-Saharan Africa, growth is arriving without the factory boom that shaped earlier development miracles. Instead, workers are…
Little is known about how firms think about rare macroeconomic disasters and how these beliefs shape their decisions. This column…
Tariffs have returned as instruments of economic and geopolitical policy. Recent VoxEU columns document how the 2025 US escalation has…
Emissions trading systems (ETSs) have emerged as a pivotal mechanism aimed at fostering carbon mitigation by creating a market for…
The Credit Suisse crisis in 2023 demonstrated that foreign currency funding vulnerabilities remain material even in advanced, well-regulated financial systems.…
The US dollar’s share of globally allocated foreign exchange reserves has fallen from over 70% in the late 1990s to…