Oil price shocks do not simply make conflict more likely everywhere; they change where violence happens. Using monthly georeferenced data for 131 low- and middle-income
There is growing evidence that place-based industrial policies lead to positive economic effects. This column analyses the “Million-Rouble Plants” programme of the 1950s when the
Globalisation has changed economic research profoundly, making it more comparable, more competitive, and thoroughly quantitative. This column argues that AI may unsettle this new order
The regulatory cycles view, according to which periods of deregulation encourage greater risk-taking and credit booms, which culminate in financial crises and are followed by
When Credit Suisse failed in March 2023, Swiss authorities, against market expectations, set aside the resolution plan and arranged a UBS takeover backed by public
The EU’s fiscal rules in force since 2024 are often criticised for their complexity. The official implementation requires thousands of lines of code and a
The EU Recovery and Resilience Facility was launched to support post-Covid recovery while accelerating structural transformation through investment and reform. This column provides a preliminary
Global imbalances are back in the policy debate. The persistence of large current account deficits and surpluses is again being discussed alongside trade tensions, industrial