Anti-immigration policies often rest on the premise that immigrants worsen native-born employment and wages. This column uses data from 2000…
The voluntary carbon market was built on a single promise: that one credit cancels one tonne. Most scrutiny has asked…
Macroprudential policy has become a central pillar of the post-crisis regulatory framework, designed to limit systemic risk by restraining excessive…
Discussions on Japan’s ‘lost decades’ have long focused on sluggish demand and the survival of ‘zombie’ firms. However, new evidence…
Lithium, cobalt, nickel, copper, and rare earth elements are reshaping global trade and great-power politics in ways reminiscent of the…
If frontier AI models can be used to develop their next models, this may lead to an ‘intelligence explosion’ and…
Today, 1.6 million more women than men are enrolled in four-year colleges and universities in the US. An emerging narrative…
Predictions of the effects of AI on the economy and society tend to focus on productivity growth, job losses, and…
Since 2010, a growing proportion of doctoral graduates have been taking jobs outside academia. This column explores where elite early-career…
Safe government bonds enjoy a discount known as the convenience yield. When a government issues more debt, it erodes this…