Greening at the border: Carbon Border Adjustment Mechanism incidence on EU member states and their trading partners
The EU’s Carbon Border Adjustment Mechanism seeks to address carbon leakage and ensure fair competition between EU and non-EU producers as EU climate policy tightens.
How emerging markets borrow: New evidence on sovereign bond issuance
Emerging market debt has surged since the pandemic, renewing concerns about rollover risk and fiscal vulnerability. This column uses a new auction-level dataset covering sovereign
The content moderator’s dilemma: How removing toxic speech distorts online discourse
Online platforms face a fundamental tension between removing toxic content and preserving the plurality of online discourse. This column discusses a new methodology for measuring
Information equalisation and competition in selection markets: Evidence from auto insurance
Efforts to reduce information asymmetries across firms are increasingly at the centre of Europe’s digital regulatory agenda. This column examines how differences in risk-rating precision,
Beyond oil: The macroeconomic impact of commodity supply disturbances
As geopolitical tensions from Ukraine to the Middle East disrupt global supply chains, understanding how diverse commodity shocks affect the broader economy has become increasingly
From free rider to innovator: How China became a global pharmaceutical powerhouse
China has become a serious contender at the frontier of pharmaceutical innovation. A key policy change was the 2016 National Reimbursement Drug List, whereby the
Designing fiscal consolidation to achieve fiscal sustainability and the sustainable development goals
Many governments have to mitigate concerns about fiscal sustainability, without triggering near-term output losses or reversing progress on containing poverty or inequality. This column assesses
The geography of science
Scientific activity has historically been concentrated in a small number of advanced economies, but the global landscape of research is undergoing rapid transformation. Using data
Powering the digital economy: The global expansion of data centres and its energy implications
The global data centre market has expanded massively over the past 15 years, with the US firmly in the lead in terms of both number
War and the lost generation of inventors
Large wars destroy not only lives and infrastructure but also the human capital that fuels long-term economic progress. This column presents new evidence from Britain
