Financial markets pay close attention to monetary policy, and surprise policy decisions can strongly affect asset prices and the real…
Not all energy shocks are alike. This column uses a multi-country, multi-sector DSGE model with production networks and trade linkages…
Remote work has become a permanent feature of labour markets. It can reduce commuting costs, expand flexibility, and help firms…
The fiscal dominance view holds that politically captured central banks are more likely to be pushed into taking risky positions,…
As tensions rise between major powers and the global trading system becomes more contested, policymakers often frame the choice they…
Trade policy has become a major source of macroeconomic risk. The sharp rise in trade restrictions and the growing unpredictability…
Private capital markets have expanded rapidly, but access remains concentrated among wealthy investors. This column presents new evidence from the…
As women gain political ground around the world, there is hope that the election of more women might also mean…
Bilateral trade shocks may reallocate demand and competition across countries, creating spillovers for firms in bystander countries. To study how…
As global trade policy becomes increasingly protectionist, the threat of tariff retaliation looms large. This column analyses how the EU’s…