Many sovereign bonds trade at a premium for being safe assets that retain their value even in deep recessions. This…
The sanctions which followed the 2022 Russian invasion of Ukraine generated a large trade shock for firms trading with Russia.…
Artificial intelligence is rapidly reshaping the financial sector. This column introduces the seventh report in The Future of Banking series,…
Plug-in hybrid electric vehicles can use either fossil fuels or electricity and offer potential emission reductions, depending on the driver’s…
Safe assets are financial instruments that maintain a stable value even after adverse macroeconomic shocks. This column explores how banks…
The Covid-19 pandemic sparked a large and lasting shift to remote work. This column draws on detailed administrative data from…
Public debt-to-GDP ratios have climbed to record highs in most advanced countries, triggering a heated debate about their sustainability and…
Artificial intelligence is widely seen as a transformative force for productivity and innovation. Yet, its macroeconomic implications remain uncertain, especially…
Tariffs disrupt trade flows and influence prices, but their broader impact depends on how they are structured and the type…
Recent years have seen a global shift towards illiberal forms of governance, where democratic institutions and liberal norms are progressively…