How the Bank of England could have avoided mis-forecasting UK inflation during 2021–24
The Bernanke Review was triggered by the Bank of England mis-forecasting UK inflation as it rose rapidly from 2021, peaking at 11% in 2022. Unpredictable
Macroeconomic effects of the gender revolution
Postwar US labour market data reveal a significant secular decline in the employment and wage gaps between men and women. This column quantifies the implications
Social mobility and digital divides in emerging economies: Evidence from the 4th wave of the Life in Transition Survey
The Life in Transition Survey collects data on household income, employment, education, attitudes, beliefs, and personal experiences across 37 economies in emerging Europe, the Caucasus,
How the spending of the rich drives the income of the poor, and why this matters for the business cycle
During recessions, spending on non-essentials contracts significantly more than spending on essentials, driven by affluent households. This has a particularly large effect on low-income/hand-to-mouth workers,
The emergence of economic rationality of GPT
As generative pre-trained transformer (GPT) and other large language models become more prevalent, their capabilities beyond language processing will be tested. This column examines GPT’s
Wells Fargo says ‘dominant pick’ Citi’s stock could double in three years
Citigroup’s stock could double in value over the next three years as profits surge, expenses moderate, and the “most significant” reorganization in five decades improves management
US regulator warned banks on crypto but did not order halt to business
A U.S. bank regulator told banks to pause dabbling directly in crypto in 2022 and 2023, but did not order them to stop providing banking
UBS investigates undisclosed Nazi-linked accounts at Credit Suisse
Swiss bank UBS is working with an independent ombudsman to shed light on Nazi-linked accounts, it said on Saturday, after the Wall Street Journal newspaper reported
Foxconn beats estimates with record fourth-quarter revenue on AI demand
Taiwan’s Foxconn the world’s largest contract electronics maker, beat expectations to post its highest-ever revenue for the fourth quarter on continued strong demand for artificial
South Korea’s LG CNS launches IPO for up to $817 mln, term sheet says
South Korean IT services provider LG CNS started bookbuilding on Monday to raise up to $817 million in an initial public offering (IPO), according to
