New approaches to measure (increasing) concentration in Europe
Concentration (the share of a market’s output produced by its largest firms) is a key proxy for measuring market competition. This column introduces a cross-country
Why UK gilt yields have risen since the US election and what the government might do
There has been a great deal of discussion about what recent moves in UK gilts mean for future spending and tax decisions. This column argues
Financial conditions matter more than interest rates: A new framework for monetary policy
Despite the sharp tightening of the Federal Reserve’s policy rate, the US economy has shown remarkable resilience, sparking a debate about whether monetary policy is
The drivers of investment funds’ allocation to green companies
Despite the rise of sustainable investing, recent evidence shows that emerging markets receive a very small fraction of the capital allocated by investment funds to
Housing wealth across countries: The role of expectations, institutions, and preferences
Homeownership rates and housing wealth differ immensely across countries. Using a life-cycle model with housing wealth estimated on micro data from five large economies, this
A new measure of trust in central banking
Public trust is a cornerstone of central banking. Shocks to trust depress economic activity and may cause inflation expectations to increase. This column introduces a
A new measure of trust in central banking
Public trust is a cornerstone of central banking. Shocks to trust depress economic activity and may cause inflation expectations to increase. This column introduces a
Remote work matters, but culture is the elephant in the room
Debates among managers and organisations about when and how to implement remote work are ongoing. This column provides empirical evidence on rates of remote work
Trump orders US exit from the World Health Organization
The United States will leave the World Health Organization, President Donald Trump said on Monday, saying the global health agency had mishandled the COVID-19 pandemic and other
Global crude exports dip as trade routes reshuffle again
The volume of global crude exports in 2024 declined 2%, the first fall since the COVID-19 pandemic, shipping data showed, due to weak demand growth
