Fintech has improved efficiency and inclusion in banking, especially lending, but has also raised concerns about financial stability, privacy, discrimination, and overall wellbeing. This column
In 2025, the US government underwent a large fiscal switch. The US Congress enacted large income tax cuts, while the second Trump administration put new
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
For decades, discussions about increasing the EU budget or issuing joint debt have been stymied by mistrust between member states. On one side are the
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.