In recent years, concerns over global financial fragmentation have grown amid rising geopolitical tensions. This column integrates a network structure…
A growing body of research highlights the importance of mobility in the global knowledge economy, but has largely focused on…
The performance of stock markets often appears worse in the daily news than it actually is. This column argues that…
As of end-September 2024, Chinese banks' cross-border lending to emerging markets and developing economies (EMDEs) made up about 23% of…
This seemingly old-timey form of schooling is reemerging in rural areas where families seek a different education for their children.…
Finding new international suppliers and reconfiguring supply chains takes time and money. As Grossman et al. (2024) and Baldwin and…
As climate change intensifies and policy responses evolve, there is a growing consensus in the literature that climate risk is…
In a family of canonical macroeconomic models, fluctuations in consumption are explained by changes in real fundamentals – technology, factor…
Tariffs announced on 2 April 2025 by the US administration marked a clear change in global trade relations. All trading…
The great long-run economic impact of the COVID-19 pandemic may be the permanent rise in working from home (Rauh et…