Leading schools, raising scores: The role of management in education
There is clear consensus on the importance of teachers for student outcomes. This column focuses on a less studied factor: management quality. Exploting a quasi-natural
Corporate sector vulnerabilities in a high-rate world: Growing risks to financial stability
Elevated corporate debt and high interest rates amid heightened uncertainty will test global economic resilience. Moreover, the increasing role of nonbank financial institutions in credit
The work from home divide: Insights from six US surveys
Understanding the varied impact of work from home across society is important for businesses, workers, and policymakers alike. This column examines patterns in the US
Critical input disruptions: Mapping out the road to EU resilience
Global disruptions have highlighted the euro area’s reliance on foreign input sourcing. Using firm-level data for five EU member states, this column studies how disruptions
The international transmission of Chinese monetary policy and the commodity channel
Chinese monetary policy significantly affects global economic activity and inflation through a real transmission channel that crucially propagates via commodity prices. This column shows that
Understanding the decline of income inequality in the EU
Between 2007 and 2019, inequality within many EU countries increased, while inequality between countries declined. This column examines these seemingly contradictory trends, as well as
Trade liberalization and the creation of better-paid jobs
Creating stable and well-paid jobs is central to eliviating poverty in low-and-medium income countries. International trade is sometimes seen as an instrument to achieve this
How tightening mortgage credit raises rents and increases inequality in the housing market
Steadily increasing rents and historically high house prices in many euro area countries are forcing many households to devote ever more of their income to
Financial intermediation and zombie firms: Theory and evidence
Credit market conditions have been identified as a key driver of the prevalence of zombie firms. This column studies the relationship between credit conditions and
E-money and monetary policy transmission
The rise of e-money in low-income and emerging economies has transformed financial inclusion and monetary policy transmission. Case studies from sub-Saharan Africa show that e-money
