Building resilience to global financial shocks in emerging markets
Emerging markets are vulnerable to sudden shifts in investor sentiment, which can lead to pressure on exchange rates and financing conditions. Using panel evidence from
Anatomy of a rise: Monetary policy and the post-Covid surge in long-term interest rates
The sharp rise in long-term interest rates since 2020 is difficult to explain from slow-moving fundamentals. This column shows that narrow windows around nonfarm payroll
Beyond trade diversion: How the US-China trade war reshaped global production
Trade wars do not simply redirect exports; they also reshape the costs of production, disrupt supplier-customer relationships, and trigger adjustments within multinational firms’ global affiliate
Why we spend so much time in meetings
Few features of modern work are as widely criticised as meetings. Using data from over 9,000 workers in Norway, this column examines how meetings are
New jobs in 140 years of data: Why the AI displacement fear is overstated — and what to worry about instead
Forecasts of AI-driven job destruction rest on counting automatable tasks. But labour markets hire, pay, and fire whole occupations, not tasks – and occupations have
Fiscal unsustainability and capture: $40 trillion Treasury debt does not measure the risks; enhanced long-term repurchases don’t improve them
US federal government debt exceeded $40 trillion in August 2026, triggering concerns about fiscal credibility and sustainability. This column argues that fiscal sustainability should be
How exchange rate policy reshapes global supply chains and productivity growth
Global current account imbalances are widening again. This column argues that currency undervaluation, supported by reserve accumulation under capital controls, can permanently reshape industrial structure
Financing the startup J-curve
High-growth startups often lose money before they make it. This column examines whether differences in financing capacity are reflected in the cash flow and growth
Energy markets under chokepoint stress: The 2026 Hormuz shock
The 2026 Middle East conflict and the disruption of traffic through the Strait of Hormuz generated the largest physical supply disruption in the history of
Inside the automotive supply chain: Empirical evidence from Italian business-to-business trade data
Europe’s automotive industry is undergoing a significant transformation. This column uses firm-to-firm data to map the Italian automotive supply chain, covering both direct suppliers and
