Extreme heat, hospital crowding, and the hidden health costs of climate change
As extreme heat events become more frequent and severe, rising temperatures will increase the incidence of heatstroke, kidney damage, and cardiovascular stress. This column considers
Inflation expectations and anchoring during a disinflation episode: Evidence for euro area firms
The effect of the recent inflation cycle on the anchoring of inflation expectations remains a policy concern. This column documents the evolution of euro area
Mining insights from the underground economy
Economists have long struggled to measure the informal economy, despite its significant role in global economic activity. Previous methods have relied on indirect proxies such
Riders on the storm: The effects of regulating platform work
The platform digital economy has radically transformed labour markets, with food delivery couriers emerging as one of its most visible symbols. This column examines the
Lost in translation: AI’s impact on translators and foreign language skills
Advances in artificial intelligence are rapidly transforming the world of work. This column investigates the effects of machine translation on (1) employment and wages in
Value, values, and the role of awareness
An increase in people’s awareness may be key to realign (economic) value and (ethical) values. This column investigates whether a mismatch exists between the economic
Fat tails and lots of zeros: The nature of international investment
The distribution of international investment, even at the country level, has many zeros and also has fat tails. This makes most linear estimators ill-suited for
The structural transformation of the public space: High street changes and populism
Independent shops and services lining high streets across the UK serve more than a commercial function. This column studies how different types of commercial spaces
Technological innovation in bank supervision: How SupTech disciplines bank risk-taking
Regulators increasingly rely on supervisory technologies to enhance bank supervision, yet their potential to discipline risky bank behaviour remains unclear. Using unique data from the
Government subsidies for large manufacturing firms: Insights from the OECD MAGIC database
Government subsidies are an increasingly central issue for global trade, yet their nature and implications for international trade are still insufficiently understood. Using novel data
