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
Extreme heat events are becoming more frequent and intense with climate change. Children are particularly vulnerable to such environmental stressors. This column uses nationwide exam
Household saving and labour supply are shaped by many risks – wages, marriage, health, longevity – as well as bequest motives. This column develops a
Central banks facing post-pandemic inflation often considered ‘looking through’ supply shocks. Using a New Keynesian framework in which agents gradually learn whether a cost-push shock
Preliminary data releases can diverge significantly from subsequently revised figures, complicating economic policy decisions made in real time. The Great Inflation of the 1970s offers
Loss of confidence in the US dollar’s reserve currency status could trigger a collapse of the US Treasury market and international financial fragmentation. This column
Public procurement contracts worldwide often face high risks of cost overruns and project delays, raising questions about the scope for contract modifications. This column examines
Social status not only influences people’s beliefs and political views (Kreiner et al. 2020) but can also make a difference to individuals’ wellbeing and impact
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