The motives for the accumulation and management of foreign exchange reserves are a key topic in international economics. This column…
The steady decline in the relative price of equipment has long been seen as a primary engine of long-run growth.…
Across advanced economies, workers have been receiving a smaller share of national incomes. This column compares the evolution of labour’s…
Europe exports a large surplus of savings outside the continent each year. This column argues that this should not be…
Geopolitical risk has become a key driver of macroeconomic fluctuations in the euro area, particularly since Russia’s invasion of Ukraine…
A landmark shift in the international corporate tax system is taking shape. The introduction of a 15% global minimum tax…
A central weakness of modern machine-learning systems is that performance tends to deteriorate outside the support of the training distribution.…
Productivity gains from AI are expected to be significant, but how international trade shapes the cross-country distribution of these gains…
Despite significant progress in fighting corruption since 2014, corruption perceptions in Ukraine are extremely high, while the government's willingness to…
The main obstacle to market efficiency is whether investors can read, process, and quickly extract genuinely new information from articles.…