Estimating the Laffer tax rate on capital income: Cross-base responses matter
Capital income taxation is increasingly recognised as essential for addressing inequality, yet its effectiveness is often limited by behavioural responses. This column analyses French capital
Trump family and allies to bask in crypto industry’s euphoria at Gulf bitcoin gathering
Key players in U.S. President-elect Donald Trump’s new cryptocurrency venture were among high-profile industry figures gathering at a bitcoin conference in Abu Dhabi on Monday,
Allianz wants to redistribute three quarters of profit to shareholders
Germany’s Allianz said on Monday it plans to distribute at least three-quarters of its net profit to shareholders via dividends and share buybacks over the next
2024 is the hottest year on record, EU scientists say
This year will be the world’s warmest since records began, with extraordinarily high temperatures expected to persist into at least the first few months of
Brussels seeks more information on secret Google-Meta ads deal targeting teens, FT reports
European regulators have asked Google for more information about its now-scrapped secret advertising partnership with Instagram-parent Meta Platforms that ignored the search company’s rules on
China ready to go deeper into debt to counter Trump’s tariffs
In one of their most dovish statements in more than a decade, Chinese leaders signalled on Monday they are ready to deploy whatever stimulus is
Carbon tax reform: Fair, efficient, and budget-neutral
Carbon taxes are notoriously unpopular, but handing back carbon tax revenue as lump-sum dividends to all citizens as climate dividends is inefficient. This column investigates
Central bank business surveys: Version 2.0
Sample surveys have been a fundamental tool for capturing policy-relevant heterogeneities among agents, especially firms, and remain crucial for providing insights into key analytical issues.
A hidden dragon: China’s spillovers on the financial markets of emerging economies
Global financial markets are becoming increasingly intertwined. This column analyses the potential spillovers of shocks originating in China on the financial markets of emerging economies,
Miracle or myth: Assessing the macroeconomic productivity gains from artificial intelligence
Artificial intelligence has been shown to deliver large performance gains in selected economic activities, but its aggregate impact remains debated. This column discusses a micro-to-macro
