In 2008, the US stock market was worth $3 trillion more than the combined European stock market; in 2023, the…
How large is the labour cost saved by AI, and how is it distributed across occupations? Using five waves of…
China is the world’s second-largest economy, and its monetary policy can affect global demand and trade. Using granular mutual fund…
Aggregate productivity growth in Europe has disappointed over the last two decades, fuelling concerns about competitiveness. This column argues that…
Housing shortages and rising rents have become a source of political pressure in many countries, prompting calls for stronger intervention…
Governments increasingly use protection and targeted subsidies to promote domestic firms. These policies are usually evaluated in the market they…
Imitation is a first-order concern for enterprises operating global production processes. Firms routinely source knowledge-intensive inputs from many countries, including…
Many public institutions are now experimenting with AI tools to support surveillance, supervision, and policy analysis, raising questions about which…
Economic historians have long placed culture at the centre of the rise of the West, but have lacked a measure…
Sharp increases in interest rates can reduce the market value of banks’ securities holdings and threaten financial stability. Using euro…