Sterling drops as inflation cements BoE cut expectations, dollar up before US inflation
British consumer price inflation fell to 3.2% in November, its lowest since March, from 3.6% in October, official figures showed. Sterling fell on Wednesday after
Gold edges down as investors turn cautious ahead of year-end US data
US Nov non-farm payrolls, unemployment rate data. Gold prices slipped on Tuesday, as investors turned cautious ahead of key U.S. jobs and inflation data, which
EU securitisation needs a more market-based approach
The EU is updating its regulations on securitisation, but it still has a long way to go if it wants to emulate the strengths of
Bank recapitalisation versus firm support: A fiscal criterion for crisis policy
Governments routinely invest in private firms. This column argues that these investments have powerful effects on an economy’s crisis resilience, and that those effects depend
The economic consequences of earthquakes: A tale from two datasets
Economic studies of earthquakes often rely on incomplete data, excluding lower-intensity events that can still cause disruptions. This column identifies the effects of earthquakes on
Manufacturing work beyond manufacturing industries: Rethinking structural change in Germany
Manufacturing employment in advanced economies is widely viewed as being in long-term decline. Using German administrative data from 1975 to 2019, this column shows that
Health adversity weakens support for fairer healthcare
People’s quality of life is directly affected by policy decisions about access to healthcare and funding, making it increasingly important to understand how the public
House prices in big cities cannot be expected to come down any time soon
House prices have increased sharply in many advanced economies, often leading to populist revolt and social crises. This column argues that agglomeration externalities foster urbanisation
Macro-financial disconnect in the euro area: Assessing tail risks to euro area growth and equities
The euro area is experiencing a combination of low growth and persistently high policy uncertainty, but financial conditions are remarkably supportive and valuations now look
Europe has a solid basis for battery and electric vehicle manufacturing growth
Europe is successfully building up battery and EV manufacturing capacity, though mainly thanks to foreign investment. Batteries and electric vehicles (EVs) contribute to Europe’s energy
