Governments are increasingly employing subsidies and other types of industrial policies in general (Hasanov and Cherif 2019, Juhász et al. 2023, Millot and Rawdanowicz 2024).
Investment funds are important players in global financial markets. This column examines their behaviour and interaction with other investors during stress periods on European sovereign
The transition from sail to steam power for cargo and passenger shipping to Australia lagged behind the North Atlantic by nearly two decades. This column
As geopolitical uncertainty rises, firms are increasingly factoring political alignment into their investment decisions. This column uses detailed global data on greenfield projects, mergers and
Population ageing makes it harder for governments to finance programmes like public pensions and long-term care. But policy responses, such as tightening programme eligibility and
Policy debates around climate change frequently focus on the trade-off between the near-term costs of reducing carbon emissions and the long-term benefits of mitigating climate
The EU and the US have taken starkly different approaches to the regulation of new monies issued using distributed ledger technology. The current US administration
Politicians often wager their campaigns on big-ticket promises. Donald Trump rode to power in 2016 vowing to build a US–Mexico border wall, while Joe Biden’s