In a context of slowing growth and rapid technological change, societies are experiencing increasing unrest and social malaise, with populism on the rise. Significant structural
A key debate surrounding export controls is whether they accelerate innovation in targeted rivals. This column studies this question using a set of US export
The digital age has ushered in an era of transformation for money, triggering debates about the role of cryptocurrencies, central bank digital currencies, stablecoins, and
Geopolitical risks impact firms on both sides of the Atlantic. While the short-term outlook is better than expected, there remains huge uncertainty related to the
Warnings of an AI stock market bubble abound. Should investors and policymakers be concerned? This column argues that innovation-driven bubbles can yield real benefits when
As geopolitical tensions rise, fears of ‘deglobalisation’ have taken centre stage. The US–China trade war, Brexit, and Russia’s invasion of Ukraine have led many to
The starkly different paths of economic development followed by China and the West leading to the Industrial Revolution is often being attributed to environmental factors.
Manufacturing is a locus of innovation, yet standard industry data show manufacturing productivity stagnating in the US. This column argues that standard measurements understate true
Surveys with information provision experiments, a form of randomised control trials, have become popular in economics (for review articles, see Fuster and Zafar 2023 and