Governments with well-designed fiscal rules generally enjoy lower yields but less is known about whether investors price compliance with these…
How much has trade policy changed globally? This column introduces the Trade Policy Activity Index, a monthly measure of policy…
Emerging market economies hold foreign exchange reserves to insure against currency crises and to cushion exchange rate movements. Reserves are…
The war in Iran has sent oil prices sharply higher, reviving the question of who bears the cost of energy…
Supplemental private health insurance is becoming more common in universal healthcare systems as a way to secure faster access to…
Dementia affects an estimated 6 million Americans, and is the leading cause of neurological disability and the third leading cause…
Digital payment systems promise to extend financial services to people underserved by banks, and overcoming barriers to the adoption of…
The post-COVID inflation surge was global, but inflation persistence was not. This column argues that the key difference lies in…
Shale gas was initially hailed as a “revolution”, but the vast amounts of US natural gas production made possible by…
Real-time assessments of inflation expectations can be valuable for assessing the inflation outlook. This column decomposes inflation swaps for the…