Globalisation has been one of the key economic forces of the past half-century. It is credited with lifting millions of…
There is intense debate over the origins and implications of rising market power and declining business dynamism across developed economies.…
Each financial crisis brings more financial supervision, more models and larger buffers – but still fragility persists. The paradox of…
The recent high-inflation episode generated renewed interest among monetary policymakers and academics about the slope of the Phillips curve and…
While artificial intelligence offers substantial benefits to society, including accelerated scientific progress, improved economic growth, better decision making and risk…
The rapid growth of cryptocurrency markets has created new challenges for financial regulators and policymakers. With total crypto capitalisation in…
The Trump administration’s sweeping tariff measures are intended to increase the competitiveness of US firms – especially in high-tech sectors…
EU member states are facing an important multi-year period of increased defence spending. 1 To boost defence capability, NATO allies have…
Macroeconomic forecasters have long struggled to accurately pinpoint the timing of future recessions. In response, an alternative approach using probabilistic…
Global services trade – as the future of global trade – is expanding rapidly (Baldwin et al. 2024, Cernat 2024,…