The relationship between defence spending and growth has recently returned to the centre of policy discourse. This column argues that increased military expenditure should add
Governments across Europe are increasingly acting to help industry remain competitive without compromising EU climate policy. This column uses the GREENR general equilibrium model and
Foreign direct investment (FDI) is widely seen as a key driver of development. It can finance productive investment, foster technology transfer, create jobs, and help
Soaring rents, long waiting lists, and mounting political anger are forcing governments across Europe to address gaps in social housing provision. This column examines whether
Do banks fail because of runs or because they become insolvent? Answering this question is central to understanding financial crises and designing effective financial stability
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