State-dependent exchange rate pass-through
Significant post-pandemic fluctuations in exchange rates and an unusual degree of economic uncertainty have raised the question of how exchange rate movements affect domestic prices
Measuring economic losses caused by climate change
Extreme weather events are bringing devastating consequences for an increasing number of people and countries, so quantifying their economic impact is highly relevant. The effect
Revisiting the signalling channel of quantitative easing
In the next economic downturn, central banks will have to decide whether to restart quantitative easing policies. This column assesses whether central banks may resort
Victor Norman, in memory
Victor D. Norman, who passed away in September 2024, was a leading figure in international economics. This column outlines the contributions he made to the
Banks’ climate commitments and the green transition
Many financial institutions have pledged to minimise their exposure to climate transition risks. But moving assets away from sectors with high emissions is sometimes at
How machine learning is aiding the fight against mafia infiltration in Italy
In Italy, criminal organisations infiltrate municipal bodies to control public resources and manipulate elections. Detecting this infiltration, however, is difficult. This column proposes a machine-learning
Addressing the lingering effects of colonial influence on educational institutions
Education is recognised as a crucial factor in breaking the cycle of poverty. This column examines how historical exposure to colonial public primary schools in
The politicisation of social responsibility
There is a growing friction between state governments and large asset managers over environmental, social, and governance practices. This column investigates whether institutional investors’ voting
Mind the gap: Gauging fiscal-monetary tensions through fiscal r-star
Tensions between fiscal and monetary policies have recently become the focus of macroeconomic policy debates. But by how much have they risen? By introducing a
Banks should lock in profits as buffers for rainy days
Policy initiatives in several European countries have targeted bank profits to secure public funds. These measures include introducing windfall taxes on excess profits and, in
