Employment protection legislation reforms and the rising cost of job loss
A widely cited argument in favour of easing employment protection rules is that greater flexibility in hiring and firing can lead to increased job matching
Trump’s tariffs: Disregarding lessons from history and scenarios and probable outcomes
History is full of evidence that tariffs harm economic performance. This column assesses the two waves of globalisation in modern history and how they were
The US-China trade war created jobs (elsewhere)
In June 2016, Donald Trump justified the protectionist policies during his first administration as “the quickest way to bring our jobs back to our country”.
A practical guide to running social media experiments
As social media platforms become ever more ubiquitous, policymakers are grappling with how to counter their effects on political attitudes and electoral outcomes, addiction and
Sanctions, trade shocks, and firms’ adjustment margins
The sanctions which followed the 2022 Russian invasion of Ukraine generated a large trade shock for firms trading with Russia. This column examines the short-run
How the war has affected scientific research in Ukraine
Russia’s 2014 invasion of Ukraine has devastated Ukraine’s scientific productivity. This column examines the war’s impact on Ukrainian research output, drawing on a dataset of
Micro and macro cost-price dynamics in normal times and during inflation surges
Recent evolutions in US attitudes and policies have raised questions about the future of the dollar’s role in the global economy. This column explores a
A world with no safe assets
Recent evolutions in US attitudes and policies have raised questions about the future of the dollar’s role in the global economy. This column explores a
Sovereign bonds, convenience yields, and the resurgence of supply shocks
Many sovereign bonds trade at a premium for being safe assets that retain their value even in deep recessions. This premium, or ‘convenience yield’, allows
Artificial intelligence in finance
Artificial intelligence is rapidly reshaping the financial sector. This column introduces the seventh report in The Future of Banking series, which examines the fundamental transformations
