Digital currencies pegged to fiat money face a built-in tension between credibility and competition, creating a ‘stablecoin paradox’. This column…
The new US administration has made the Federal Reserve’s monetary policymaking more complicated both because of the elevated uncertainty regarding…
There is a growing push from certain quarters for the European Commission to weaken merger control in order to spur…
The US trade deficits will have to be reduced materially to prevent a crisis down the road. This column argues…
Productivity growth has been lacklustre over the past 20 years in most advanced economies. But standard productivity measures ignore the…
Financial markets are volatile, with extreme fluctuations ranging from the post-COVID bull run and the meme stock surges of 2021…
Since 2013, synthetic opioid overdoses have surged in the US, claiming over 70,000 lives each year. This crisis has had…
Over the past 30 years, laws in Italy have become longer, more convoluted, and frequently unintelligible even to seasoned legal…
Central banks have increasingly engaged with climate-related topics in their public communication, but little is known about the drivers and…
Trade uncertainty between the EU and the US – driven by the announcement of new tariffs and a volatile global…