AI to double data centre power and water consumption by 2030, UN researchers say
Unless governments heed the rising environmental costs of AI, the rapid rollout could also strain scarce land resources and create mountains of electronic waste, the
Financial regulation: Catalyst for sustainable economic development
The real objective should be to transform the insurance sector into one with real economic and developmental impact. There is a pivotal role for supervisory
Not all foreign exchange reserves are created alike
The motives for the accumulation and management of foreign exchange reserves are a key topic in international economics. This column highlights an aspect of the
Why the post-pandemic US immigration surge barely moved inflation
The US experienced a large immigration surge between 2021 and 2024, which coincided with a period of high and then falling inflation. This column shows
Making AI work: From promise to practice
AI is here. Over 3 billion people globally use generative AI (genAI) like ChatGPT or Baidu’s Erni Bot monthly. AI helped researchers discover new proteins (and get
When two AI systems become one: unifying data and knowledge in global trade
Navigating global trade data is often a dual challenge for policymakers and researchers: finding the right numbers is hard, but understanding exactly what those numbers
Size versus allocation in capital market development: evidence from pension funds and insurance companies
EU capital markets stay small as savings sit in deposits, making insurers and pension funds pivotal if portfolios shift into productive assets. The European Union’s
New coins on the block: Digital currencies and the financial system
The crypto system is no longer a sideshow. Dollar stablecoins now put dollar claims into circulation well beyond the regulated US banking perimeter, and cryptoisation
What we lose when women do not get tenure: Evidence from a natural experiment
Women remain underrepresented in the upper ranks of academia, but evidence on the mechanisms behind this has been scarce. This column exploits a change in
Cheaper machines, costlier buildings: The drag on long-run growth
The steady decline in the relative price of equipment has long been seen as a primary engine of long-run growth. This column documents a quieter,
