Information frictions in financial markets are key to understanding episodes with macroeconomic consequences—particularly in emerging market economies (EMEs), where such frictions are more pronounced. These
Despite billions spent on education, healthcare, and infrastructure, why do so many countries struggle to achieve meaningful development outcomes? Is it a matter of spending
Carbon pricing has become a central tool in Europe’s strategy to mitigate climate change. This column presents new evidence on the impact of carbon pricing
The transition to clean energy will require a significant reallocation of technological investments away from fossil energy sources towards cleaner alternatives. This column investigates whether
Tariff escalation between China and the US will result in decoupling of goods trade, raising fears that Chinese exports destined to the US market in
Extractive taxation is considered one of the main causes of the French Revolution. This column exploits regional variations in the French salt tax, which accounted
With the prospect of far-reaching decoupling of goods trade between China and the US, fears of deflection of Chinese exports to third markets have returned.
Safe assets are the building blocks of modern financial markets. This column examines the sectoral dynamics of safe assets across advanced economies since the 1980s.
The path to achieving a resilient agri-food sector to enhance food and nutrition security (FNS) stands at a crossroad in the West Africa region. Home
Emerging markets with partially dollarised financial systems are particularly vulnerable to global financial cycles. This column examines how reserve requirements on foreign currency deposits can