Monetary policy transmission in the euro area: Why this time it’s different
The unprecedented surge in prices since 2021 led the ECB to embark on the fastest tightening cycle in the euro area’s history. This column analyses
AI-powered research generation: Promise and perils for academic finance
Artificial intelligence is transforming academic research, raising both opportunities and concerns. This column shows how large language models can generate entire research papers, integrating empirical
Over-optimism and consumer credit regulation
Some consumers are over-optimistic about their future income and underestimate the probability of experiencing negative income shocks, while others have more accurate (‘rational’) beliefs. This
Europe’s productivity weakness: Firm-level roots and remedies
Europe’s labour productivity gap with the US has widened since the mid-1990s and again since the Covid pandemic. This column uses comprehensive cross-country firm-level and
Rethinking unemployment insurance: New evidence on hidden costs
As governments worldwide grapple with labour shortages and systemic budget shortfalls, the question arises of how unemployment insurance policies potentially contribute to this imbalance by
Buy now, pay (less) later: How the data are reshaping consumer banking
Though ‘buy now, pay later’ loans are increasingly popular, critics argue that they encourage high costs and unsound borrowing. This column examines how such services
The recent weakness in the German manufacturing sector
Germany’s manufacturing sector has struggled since 2021 due to rising energy costs, weak global demand, and a declining automotive industry. This column describes how higher
The rising tide of climate action: Adjustments to central banks’ monetary policy operations
The discussion of the monetary policy response to climate change has typically focused on whether central banks should take action and what types of adjustments
How to build comparative advantage in AI-intensive industries: Evidence from US imports
As artificial intelligence is becoming a top priority for businesses and policymakers worldwide, understanding what makes a country competitive in AI-driven industries is crucial for
Can Africa create jobs without infrastructure?
Another election season in Africa is behind us. Last year about 19 countries headed to the polls in presidential and legislative elections. As it is with every
