The expansion of AI will likely shrink earnings inequality
The 1980s and 1990s saw a sharp increase in earnings inequality in the US. As new technologies displaced the routine tasks typically performed by less-educated
The macroeconomic effects of AI innovation
The recent rise of generative artificial intelligence has spurred a heated debate on its potential for economic growth and on the risks of displacing workers.
The cross of gold: Brazilian treasure and the decline of Portugal
Throughout the early modern period, Portugal was a leading European colonial power. But by the 19th and 20th centuries, it was one of the poorest
Economists should point their attention to the stars
The economics of space is no longer the province of science fiction. However, the economics profession has paid little attention to space exploration as a
At BRICS summit, Russia to push to end dollar dominance
Russia is seeking to convince BRICS countries to build an alternative platform for international payments that would be immune to Western sanctions when it hosts
Photonic startup Lightmatter raises $400 million amid AI datacenter boom, eyes IPO next
Lightmatter, a Mountain View, California-headquartered startup building photonic tech in datacenter networking chips, said on Wednesday it has raised $400 million in a Series D
Morgan Stanley profit exceeds forecasts on dealmaking surge; shares jump to record
Morgan Stanley’s profit surpassed estimates on a bumper third quarter for investment banking that had also buoyed rivals, sending its stock to a record. A revival in
The role of borrowing in the rise of gilt yields during the Truss episode and some possible implications
The rise in gilt yields following the Kwarteng/Truss Budget in September 2022 is commonly held up as a poster child for why an increase in
The rise of sovereign–bank nexus risks in developing economies
The exposure of domestic banks in emerging market and developing economies to local sovereign debt has grown rapidly over the last decade. This column analyses
Hidden profits, lost jobs: The link between tax havens and employment
Multinational enterprises have long been scrutinised for their ability to shift profits across borders, using tax havens to minimise tax liabilities. Yet, there is little
