Software’s impact on labour’s income share: New evidence
The declining labour share of income in advanced economies is an important topic for policymakers. This column studies how different types of capital interact with
Why the stock market has risen so much
If you invested one dollar in the post-war years in a diversified portfolio of all publicly traded firms, by 1980 you would have seen a
Household inflation expectations: Taking stock of the recent research insights for monetary policy
Household inflation expectations feature prominently in current central bank policy discussions. This column summarises key insights from the recent literature on household inflation expectations for
Right to work part-time increases mothers’ labour income
Flexible working time arrangements can help parents reconcile family and work commitments. This column examines the impact of the statutory right to work part-time on
Censorship to defend democracy
The spread of propaganda, misinformation, and biased narratives, especially on social media, is a growing concern in many democracies. This column explores the EU ban
Voluntary emission restraints in developing economies: The limited role of trade policy
As the fight against climate change intensifies, governments are exploring all available policy tools, including trade policy. But does it actually help? This column examines
Political expression of academics on social media
Social media platforms allow for immediate and widespread dissemination of scientific discourse. However, social media may distort public perceptions of academia through two channels: the
Geopolitical risk to oil production is not a major driver of the economy
Geopolitical downside risk to oil production can have sizeable effects on oil price uncertainty and the global economy. This column argues, however, that it is
The Russian sanctions and dollar foreign exchange reserves
Will the freezing of the Bank of Russia’s foreign exchange reserves undermine the dollar’s predominant role in official foreign exchange reserves? This column examines the
How the financial authorities can respond to AI threats to financial stability
Artificial intelligence can act to either stabilise the financial system or to increase the frequency and severity of financial crises. This second column in a
