Achieving net zero emissions globally will require a rapid deployment of low-carbon technologies (LCTs), and this in turn can boost economic activity (Hasna et al. 2024). Despite its central importance, evidence on the diffusion of various LCTs across countries, regions, industries, and firms has been limited. Most research has focused instead on the invention or innovation in LCTs, often using patent […]
One-fifth of all cyberattacks target the financial sector, a share that is widely expected to rise. As cyberattacks become more frequent, the quantification and measurement of cyber risk and uncertainty will become pressing issues for policymakers. This column discusses the benefits of ‘bug bounty’ programmes, in which external agents are invited to search for a […]
The ECB’s Governing Council moved to the preparation phase of the digital euro in October 2023. This column studies the implications of the digital euro for financial stability. New survey data indicate that German households are open to the digital euro. However, the demand for digital euro also raises financial stability concerns as households seem […]
