Covid travel restrictions limited movement of people but also made cross-border goods trade more difficult. This column uses a structural
Retail trade and professional services employ a large share of workers across OECD countries and provide key intermediate inputs to
The post-COVID inflation surge was global, but inflation persistence was not. This column argues that the key difference lies in
When youth crime draws public attention, policymakers typically call for tougher policing and harsher sanctions, overlooking the crime-reducing benefits of
Global food commodity markets entered 2026 on a relatively stable footing, supported by ample grain and edible oil supplies. However,
China is challenging US leadership in both AI hardware and software, with Europe unlikely to catch up. Despite Chinese progress,
Are we missing the big story on what AI means for human capital? I raised this question last year in
The fiscal dominance view holds that politically captured central banks are more likely to be pushed into taking risky positions,
Private capital markets have expanded rapidly, but access remains concentrated among wealthy investors. This column presents new evidence from the
The ECB could slow down QT in response to currently tight financial conditions, but should communicate its intentions with care.
As the EU reintegrates international carbon credits into its climate framework, understanding the associated risks is essential. For more than
Global climate and biodiversity outcomes will largely be determined in emerging and developing economies (EMDEs). We propose a four-pillar strategy
The European Union Nature Restoration Law (NRL) entered into force in 2024. The NRL sets quantitative restoration targets aimed at
Carbon pricing has become a central tool in Europe’s strategy to mitigate climate change. This column presents new evidence on
Whether the agrifood sector can create jobs will depend on its ability to shift from growing food
Recent military conflict in the Middle East have once again reminded the world how vulnerable modern economies
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