The one-in-a-thousand-day problem
Financial crises usually inflict the most damage when banks suddenly shift from pursuing profits to survival. This column argues that such drastic behavioural changes render
Labour market transitions in a greener economy
The transition to a greener economy will entail reallocating workers from high-polluting to ‘green’ jobs. To minimise the costs of this transition to individuals and
The ‘doom loop’ and default incentives
The ‘doom loop’, or ‘sovereign–bank nexus’, has been identified as a key driver of the European debt crisis. It has been back in the spotlight
The heat is on: Heat stress, productivity, and adaptation among firms
Frequent and intense heat episodes can strain workers’ cognitive and physical abilities, drive up absenteeism, and disrupt vital infrastructure. Drawing on data from over 2.7
Causal claims in economics
Over the past few decades, economics has undergone a ‘credibility revolution’, emphasising techniques to establish causal relationships. This column analyses over 44,000 working papers over
US military strength secures financial dominance
The US stands unrivalled as both a military and financial superpower. This column uses a game-theoretic model to show how the global dominance of the
A new way to price carbon: Understanding the social cost of carbon
The social cost of carbon is the estimated present discounted value of economic damages from emitting one ton of carbon dioxide into the atmosphere today.
Artificial intelligence, anticorruption, climate change, and procurement are top engagement topics in Institutions
Wow! What a year 2024 was for Governance! We want to thank you for your engagement through comments, shares, and contributions on this blog channel
A water flow into a brighter future!
When we walked through their yard, Alynur, 12, and Aryyet, 10, welcomed us with a contagious enthusiasm, one that quickly spread some joyful smiles into
The World Bank Group @COP29: Key outcomes and the road ahead
Azerbaijan’s capital, Baku hosted the annual global climate Conference of the Parties (COP) from November 11–23 2024. Over 60,000 delegates were registered from nearly 200
