Why globalisation needs a leader: Hegemons, alignment, and trade
There is a growing concern that tensions between China and the US may lead to an unravelling of globalisation. This column discusses how rivalry between
Violent conflict and cross-border lending
How states leverage sovereign debt to support their military endeavours has been examined thoroughly, but the relationship between private finance and armed conflict remains underexplored.
The ripple beyond borders: Indirect effects of US export controls on Japanese firms
As part of the ongoing US-China trade war, since 2020 the US has restricted the exports of cutting-edge semiconductors from third countries to Huawei. This
Filtering labour market data optimally to detect recessions early and accurately
The timely detection of recessions is critical for policymakers to make informed decisions. This column presents an algorithm for detecting recessions early using labour market
Gender-neutral economics can no longer be the default
Economic research often treats tools such as tariffs, subsides, interest rates, monetary policy, and austerity measures as gender neutral. This column argues that when sex-disaggregated
Task-based returns to generative AI: Evidence from a central bank
How does generative AI affect real workplace productivity? This column reports results from an experiment at the National Bank of Slovakia, where staff were randomly
The labour market disparities of second-generation immigrants
The successful integration of second-generation immigrants into education and employment is essential for Europe’s long-term social and economic cohesion. This column uses the results of
Barclays profit rises 23% as Trump tariff turmoil lifts trading
Barclays first-half profit rose by a better-than-expected 23%, the British bank said on Tuesday, as its markets business reaped bumper returns from the frenzied trading
Cancelled and postponed green hydrogen projects
Developers of green hydrogen have scaled back investments and scrapped projects globally as elevated production costs and weak demand for the low-carbon fuel have made many
Green hydrogen retreat poses threat to emissions targets
Green hydrogen developers are cancelling projects and trimming investments around the world, raising the prospect of longer than targeted reliance on fossil fuels. The challenges facing the
