A turning point for monetary policy
Monetary policy measures have an effect on public sector debt management, not only quantitative easing/tightening but also the pattern of interest rate changes. As public
The power of treating inequality as an externality
Many economic models are constructed on the basis of an equity-efficiency trade-off, assuming that equality comes at the cost of efficiency. This column argues that
Power in sovereign debt markets: Explaining the uneven debtor–creditor landscape and its implications
Many developing countries are currently facing debt distress, and sovereign debt restructurings often occur with delays. Emerging market debt composition has shifted away from Paris
Future tax challenges in an AI-driven economy
Artifical intelligence and automation have implications for tax policy. This column discusses how the economic impact of new technologies is relevant to the taxation of
Gender gaps among scholars in economics: Analysis across cohorts
The persistent under-representation of women in economics remains a pressing policy concern for researchers and institutions. This column studies the evolution of gender gaps in
How firms adjust to decentralisation
Over the last several decades, many countries have devolved power to local governments. This column exploits the government decentralisation in Indonesia that took place after
Elon Musk has announced that Tesla shareholders are voting in favor of his $56 billion pay package.
Tesla shareholders have indeed shown their support for Elon Musk’s proposed $56 billion pay package and the relocation of the company’s legal home to Texas.
Crisis breeds innovation: How the 2022 energy crisis accelerated green technology adoption
Achieving global net zero emissions requires rapid deployment of low-carbon technologies. Using online job postings from 35 countries, this column measures the diffusion of low-carbon
Heatwaves ripple into the financial system
A recent report from the International Panel on Climate Change reveals a consistent rise in extreme heat days, affecting agriculture and beyond. Economic repercussions include
Growing adoption rates of ICT have counterbalanced the productivity slowdown in advanced economies
A slowdown in technological progress has been cited as the driving force behind the stagnating productivity growth witnessed in advanced economies. This column examines data
