Strong fiscal rules, independent oversight, and coordinated policymaking can safeguard monetary policy credibility and economic stability in Asia and the Pacific. From the Asian financial
There is general agreement that a currency’s safe-haven status can be gauged by its response to changes in financial volatility. This column documents how, in
Technological innovation is a driving force for economic growth and social change. In particular, disruptive innovation has the potential to alter existing industrial structures and
The stock market participation puzzle (Campbell 2006) – the observation that few households invest in the stock market – has attracted attention for decades. Standard
Inequality is a major concern for many economies, as it shapes social stability, economic growth, and overall wellbeing. Across the Western world, inequality has been
Many European countries have adopted the American model of doctoral training and academic evaluation. While this model suits America’s vast, mobile labour market, in Europe
Economic growth in Europe continues to trail behind that of the US, largely due to smaller productivity gains. A key factor behind this gap is
Commodity prices have historically been considered leading indicators of inflation, but the relationship has weakened since the mid-1980s, making them less reliable predictors. This column
Infrastructure diplomacy has become a central arena for strategic competition. This column examines how China’s Belt and Road Initiative has reshaped Japan’s overseas infrastructure engagement
Economic historians have long debated whether lagging regions can catch up in productivity with industrial leaders. This column shows that, under the right conditions, such
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