Dismissals are costly for firms to implement and have lasting consequences for workers. Two defining features of individual dismissals are that they are typically unilateral
Since Poland’s pioneering issuance in 2016, more than 30 governments and many government agencies have issued debt instruments labelled as ‘green’, promising to finance projects
The US has long been the world’s innovation powerhouse. From semiconductors to the internet, from biotechnology to artificial intelligence, America’s scientific leadership has rested on
The rapid development of increasingly powerful AI tools has the potential to reshape business models, market structures, consumer behaviour, and supervisory practices in the financial
When central banks raise or lower policy rates, banks typically pass these changes through only incompletely to the interest rates they pay on customer deposits.
COP30 in Belém has made one thing unmistakably clear: environmental sustainability can no longer be siloed from global trade. The next frontier in climate policy
The 2024 reform of the European Union’s fiscal framework promises long-term sustainability through greater national ownership and country-specific medium-term expenditure paths. This column argues, however,
Determining the drivers of inflation in real time is a central challenge for central banks. This column introduces a new financial markets-based model to identify
Generative AI is being adopted more rapidly than previous digital technologies and has the potential to deliver meaningful productivity gains in professional tasks, raising concerns