Declining business dynamism in Europe: The role of shocks, market power, and responsiveness
Analysis of business dynamism outside the US has been limited by the availability of comparable cross-country data. This column presents new insights on the trends
The causal effects and policy implications of global supply chain disruptions
Supply chain disruptions cause large macroeconomic adjustments and challenge the effectiveness of stabilisation policies. This column provides a new index of global supply chain disruption,
Uncertainty and change: Survey evidence on firms’ subjective beliefs
Uncertainty can affect firm decisions because it leads to more cautious behaviour and is associated with learning about viability of the business. Based on a
The rise and fall of paper money in Yuan China, 1260–1368
In early-13th century China, the Mongols introduced the silver standard, the first paper money in history to be backed by a precious metal. This column
Empowering adolescents to transform schools: Lessons from behavioural targeting
Though school-based interventions have shown significant success in improving life outcomes for children, interventions targeting adolescents tend to fail when they do not align with
The world’s largest humanitarian cash transfer programme reduces child labour and increases schooling among refugee children
Forced displacement often forces children out of school and into employment at a young age. This disruption in their human capital formation leads to poverty
Understanding the scope, definition, and impact of the WTO e-commerce moratorium
At the 13th WTO Ministerial Conference in Abu Dhabi, the WTO e-commerce moratorium was renewed once again, but not without difficulty. This column explores the
Software automation and teleworkers as complements and substitutes
The impact of artificial intelligence on office work and the impact of telework on offices are often examined separately. This column uses survey data from
Mapping the economic costs of war
The economic costs of armed conflict – in terms of lost income and reduced physical capital – are borne overwhelmingly by the countries in whose
Intel prepares for $100 billion spending spree across four US states
Intel is planning a $100-billion spending spree across four U.S. states to build and expand factories after securing $19.5 billion in federal grants and loans –
