Monetary policy moves aggregate investment, but the underlying drivers remain unclear. This column opens the black box with a German…
In many Germanic languages, the commonly used word for “debt” also means “guilt”, which carries a strong moral connotation. Commentators…
Do firms strategically confuse their consumers to raise prices at the industry level, and if so, how? Obfuscation refers to…
The sharp rise in interest rates since 2021 has not been matched by equal increases in household savings rates in…
Classifying loans as fixed-rate or floating-rate fails to fully capture their distinct sensitivity to changes in ECB policy rates. This…
Philippe Aghion and Peter Howitt have been jointly awarded the 2025 Nobel Prize in Economic Sciences with Joel Mokyr ‘for…
Fintech has improved efficiency and inclusion in banking, especially lending, but has also raised concerns about financial stability, privacy, discrimination,…
In 2025, the US government underwent a large fiscal switch. The US Congress enacted large income tax cuts, while the…
In a context of slowing growth and rapid technological change, societies are experiencing increasing unrest and social malaise, with populism…
A key debate surrounding export controls is whether they accelerate innovation in targeted rivals. This column studies this question using…