Lost in transmission
The verbal transmission of information – through conversations with friends or strangers, via television or podcasts – is an imperfect process, one that often introduces
A circular relationship between productivity and hours worked
The slow decline in average hours worked and low productivity growth in recent decades contrast sharply with the large changes observed in the 20th century.
The global sanitary revolution in historical perspective
Modern waterworks and sewerage systems emerged around the world over the period 1850–1950. Today, there are gaping differences in available sanitary infrastructure. This column tracks
The growth of the South in global finance: New bilateral data and stylised facts
The countries of the Global South are becoming increasingly important actors in the global financial economy. This column uses a comprehensive new bilateral dataset on
Deutsche Bank shares scale 6-year high as MS upgrades
Shares in Deutsche Bank climbed to their highest in more than six years on Wednesday, outperforming a weaker banking sector following a Morgan Stanley upgrade
Chinese TikTok sellers complain of under-fire platform tightening US rule enforcement
Chinese e-commerce vendors that want to sell products on TikTok Shop in the U.S. as an alternative to Amazon are upset by moves they say
Svensson on house price overvaluation
Claims from macroprudential authorities about house price overvaluation, for example for Sweden, based on the house price-to-income ratio are often exaggerated. This column argues that
Why digital transactions aren’t a silver bullet for tax compliance: Evidence from Uruguay
Electronic payment technologies have long been hailed as a way to formalise transactions, increase tax compliance, and strengthen state capacity. This column examines the effect
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,
