Economics offers a century-old fix to climate change: carbon pricing. While widely accepted in policy circles, practical attempts to implement carbon taxes have been consistently
Bank balance sheets on both sides of the Atlantic have undergone a profound transformation. While traditional corporate lending has slowed, lending to non-bank financial institutions
Comparable international survey data on artificial intelligence adoption by firms is still lacking. This column surveys over 5,000 CFOs, CEOs, and executives from stratified firm
Business cycles in advanced economies are increasingly driven by global rather than domestic shocks. This column shows that global shocks now account for about half
The relationship between inflation and economic slack, shown by the Phillips curve, has long been a cornerstone of economic policymaking. A steep Phillips curve suggests
Political polarisation in the US has increased dramatically in recent decades, both among political elites (Gentzkow et al. 2019) and citizens (Fiorina and Abrams 2008).
The public debate about retail central bank digital currency (CBDC) has centred around a range of concerns. Some focus on the potential for competition and