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
The populist dynamic: Experimental evidence on the effects of countering populism
The past few decades have seen a remarkable surge in populism across Western democracies. This column evaluates how mainstream parties might counter populism by estimating
Behavioural responses to wealth taxation: Evidence from Colombia
Interest in wealth taxation has grown in recent years as a way to combat inequality and raise revenue, but evidence on the responses to wealth
Corporate debt and financial crises
Household debt dynamics are widely recognised as an important driver of boom-bust cycles, but corporate debt has received less attention. This column studies the role
Understanding diversity and discrimination dynamics in the classroom
Societies around the world are become increasingly diverse as international migrant flows increase. Public education is one of the primary institutions that can foster intergroup
