Monetary policy in response to tariff shocks
Donald Trump’s victory in the recent US presidential election has re-ignited a debate over the macroeconomic effects of tariffs and the appropriate monetary policy response.
The rise of services exports: New pathways for growth
The pursuit of export-led growth through manufacturing has become increasingly difficult in the face of growing global competition. A shift towards service export-led growth offers
A green dilemma for monetary policy
Accelerating the transition to a green economy is a necessity. This column argues that the green transition will create trade-offs for central banks. Phasing out
The visible hand of the state: Industrial policies in emerging markets
Industrial policies have experienced a resurgence in recent years, including in emerging markets, as governments seek to reshape their economies and assert greater control over
Anonymity and identity online
Policy discussions around online anonymity have intensified in academic and professional communities. While anonymity facilitates free expression, it also liberates offensive conduct. This column identifies
Civil society, beyond markets and states: Tracking 100 years of economic research
Commentary on the 2024 US elections included the Democratic Party’s failure to connect with issues of community, place, family, religion, and identity. This column presents
Generative AI as a replacement for human coders in large-scale complex text analysis: New evidence from large language models
Despite its immense potential, text analysis at scale presents significant challenges. This column benchmarks several state-of-the-art large language models against incentivised human coders in performing
Global uncertainty reduces innovation in renewable energy
The green transition faces significant challenges due to economic and policy uncertainty. Unpredictable returns on investments, especially in renewable energy, hinder innovation in this crucial
An eco-political economy of AI to understand the complexities of its environmental costs
As the world meets at the UN Climate Change Conference in Baku, stories about the unsustainability of the data centres that power artificial intelligence are
Stablecoins and money market funds: Less similar than you think
Stablecoin balance sheet structures closely resemble those of money market funds. This column finds that despite these similarities, their reactions to crypto and US monetary
