Cross-border payments are essential for global trade, remittances, and financial transactions. For centuries, cross-border payments have been an important part of the development of financial
Frontier innovation may start at home, but new technologies tend to spread across borders through firm-to-firm networks. Using more than 500 million online job postings
When global uncertainty increases, emerging markets are typically the most exposed. Historically, tighter US monetary policy has led to capital outflows, currency depreciation, and tightening
The lesson from history is that global imbalances often end in financial crises. That risk cannot be dismissed today. The stock of external liabilities of
For decades, universities were the beating heart of frontier research. Using a new database tracking the employment histories of 42,000 AI researchers, this column shows
Since the 1980s, real wages in the US have grown only slowly, even as productivity has continued to rise. This column shows that a weaker
Standard theories of electoral competition predict that politicians should converge toward the centre as elections approach. This column challenges this prediction, using 3.4 million tweets
Intergenerational social mobility refers to the relationship between the socioeconomic status of parents and the status their children attain as adults. Removing policy-related obstacles to
Corporate taxation is once again at the centre of international policy debates. Governments across the world are reconsidering corporate tax rates in the wake of
Firms do not compete on productivity alone. As emphasised by Sutton (2012), their success also depends on their ability to shape demand – by designing