The impact of exchange rates on Japan’s machinery exports since 1990
Japan produces and exports a sophisticated basket of machinery and capital goods. Following the global crisis, it offshored manufacturing of parts and components to Asian
Using spatial integrated assessment models to understand the local and global economic impact of climate change
Climate change is a spatial phenomenon. While it will be very costly at equatorial latitudes, where it is already very hot, it will have more
Nurturing childhood curiosity to enhance learning: A randomised pedagogical intervention
Teaching practices that respond to the specific needs of students and leverage their love of learning are likely to be effective, but most traditional teaching
Price and output responses to supply disruptions in times of high uncertainty
Price setting has become more flexible following a string of large adverse shocks. This column argues that a shift to a high-uncertainty regime incentivises firms
The natural rate of interest after the pandemic
The natural rate of interest is key to understanding where interest rates may be heading in the medium run. This column reviews the evidence regarding
International trade in brown shares and economic development
Divestment of polluting companies has gained traction as way for investors to incentivise the transition to a low-carbon economy. This column examines the tilting of
Reforming innovation policy to help the EU escape the middle-technology trap
Europe lags behind in innovation. This column describes how its industry seems stuck in a middle-technology trap in which it does not pay to leave
Silence is golden: How public criticism of central banks can backfire for leaders
Amid a global surge in populism, political pressures on central banks to lower interest rates have escalated, driven by populist politicians’ preferences for low rates
Positioning in global value chains: A new dataset available for global value chain analyses
Amid recent global shocks and increasing geopolitical tensions, the debate surrounding the future of global value chains and economic integration has intensified. This column introduces
Cascades of tax policy through production networks: Evidence from Japan
Public policies can have direct effects on firms, but also propagate through production networks. This column studies the spillover effects through supply chains of a
