A landmark shift in the international corporate tax system is taking shape. The introduction of a 15% global minimum tax aims to reduce profit shifting
A central weakness of modern machine-learning systems is that performance tends to deteriorate outside the support of the training distribution. This column uses a tournament-style
Productivity gains from AI are expected to be significant, but how international trade shapes the cross-country distribution of these gains remains an open question. This
Despite significant progress in fighting corruption since 2014, corruption perceptions in Ukraine are extremely high, while the government’s willingness to fight it is seen as
The main obstacle to market efficiency is whether investors can read, process, and quickly extract genuinely new information from articles. This column uses large language
Has the rise of industrial policy driven an increase in global current account imbalances? Can tariffs fix them? This column revisits these questions. Looking at
Net zero commitments have become a central feature of corporate climate strategy. This column analyses whether firms adopting such targets subsequently reduce emissions or strengthen
The conflict in the Middle East has triggered a renewed energy shock for Europe. While the macroeconomic impact is currently expected to remain more contained
Artificial intelligence (AI) is playing a growing role in finance. Algorithmic trading based on machine learning already accounts for 60-70% of equity transaction volumes in
Recent crises and trade tensions have revealed that EU reliance on foreign suppliers can pose serious risks, especially for essential goods. This column provides a