Many public institutions are now experimenting with AI tools to support surveillance, supervision, and policy analysis, raising questions about which analytical tasks can be delegated
Sharp increases in interest rates can reduce the market value of banks’ securities holdings and threaten financial stability. Using euro area data for 2022-2023, this
Trade in critical metals essential for electrification has become centred on China over the last three decades. This column introduces a new framework in which
Policy narratives in the US on China have undergone a dramatic transformation in recent years. Increasingly, China is viewed as an economic rival that imperils
Anti-immigration policies often rest on the premise that immigrants worsen native-born employment and wages. This column uses data from 2000 to 2023 to estimate the
Macroprudential policy has become a central pillar of the post-crisis regulatory framework, designed to limit systemic risk by restraining excessive credit growth, strengthening bank balance
Discussions on Japan’s ‘lost decades’ have long focused on sluggish demand and the survival of ‘zombie’ firms. However, new evidence from microdata suggests a fundamental
Lithium, cobalt, nickel, copper, and rare earth elements are reshaping global trade and great-power politics in ways reminiscent of the earlier scramble for natural resources.