Critical input disruptions: Mapping out the road to EU resilience
Global disruptions have highlighted the euro area’s reliance on foreign input sourcing. Using firm-level data for five EU member states, this column studies how disruptions
The international transmission of Chinese monetary policy and the commodity channel
Chinese monetary policy significantly affects global economic activity and inflation through a real transmission channel that crucially propagates via commodity prices. This column shows that
Understanding the decline of income inequality in the EU
Between 2007 and 2019, inequality within many EU countries increased, while inequality between countries declined. This column examines these seemingly contradictory trends, as well as
Trade liberalization and the creation of better-paid jobs
Creating stable and well-paid jobs is central to eliviating poverty in low-and-medium income countries. International trade is sometimes seen as an instrument to achieve this
How tightening mortgage credit raises rents and increases inequality in the housing market
Steadily increasing rents and historically high house prices in many euro area countries are forcing many households to devote ever more of their income to
Financial intermediation and zombie firms: Theory and evidence
Credit market conditions have been identified as a key driver of the prevalence of zombie firms. This column studies the relationship between credit conditions and
E-money and monetary policy transmission
The rise of e-money in low-income and emerging economies has transformed financial inclusion and monetary policy transmission. Case studies from sub-Saharan Africa show that e-money
UK’s Drax reports higher annual profit, helped by rising renewable power
British power company Drax Group on Thursday reported a 5.5% increase in annual profit, in line with forecasts and due to an increase in renewable
Microsoft will urge Trump to overhaul curbs on AI chip exports, WSJ reports
Microsoft will call for President Donald Trump’s team to ease the limits on chips that can be used in data centers for training AI models so
Tencent releases new AI model, says replies faster than DeepSeek-R1
Chinese tech giant Tencent on Thursday released a new AI model that it claims can answer queries faster than global hit DeepSeek-R1, in the latest sign
