US Treasuries remain the world’s dominant reserve asset, but geopolitical risks can change how central banks assess the trade-off between…
For centuries, economic research has been throttled by scarcity of time, labour, and access to data and methods. This column…
The year 2025 was unprecedented in the frequency, complexity, and volatility of US trade policy interventions. This column uses a…
Central banks can move policy rates, but transmission depends on households acting on them. This column shows that central banks…
Artificial intelligence is advancing at the same time as the global economy is becoming more fragmented. AI innovation is concentrated…
Falling agricultural prices have been found to generally increase armed civil conflict in producing regions, but not the risk of…
Geopolitical tensions have reshaped international trade and investment flows in recent years. This column uses data on the worldwide affiliates…
Generative AI tools such as ChatGPT, Claude, and DeepSeek can help students solve problems, explain concepts, and polish their writing…
Standard portfolio theory predicts strong investor responses to changes in the equity premium, but empirical evidence has found much lower…
Climate change and the transition to net zero are reshaping the macroeconomy, with important implications for monetary policymakers’ core price-stability…