The hidden unfairness in your tax system and how to fix it
In many developing countries, two people can earn the same income and pay very different amounts of tax — not because of different rates, but
Cutting the cost of sending money home: Fast payment systems, digital access, and the future of remittances
Every month, millions of migrant workers send a portion of their earnings home to support their families — often providing the most reliable source of
The economic footprint of Europe’s defence build-up
Defence policy is usually discussed as a national security issue, but its economic effects are often highly local. This column presents new evidence from 1,011
The perceived inflation wedge: Why households experience inflation differently from official statistics
Households often report inflation perceptions and expectations that differ markedly from official measures. This column proposes a new measure of perceived inflation, which uses disaggregated
The impact of global sanctions on cross-border mergers and acquisitions
The use of sanctions has grown steadily over the past seven decades, with well-documented effects on bilateral trade. This column analyses the effects of sanctions
A generational challenge: Turning a record youth surge into a jobs dividend
Between 2025 and 2035, the largest-ever cohort of young people in emerging market and developing economies will reach working age. Slowing growth, overlapping crises, tight
Early-life experiences of labour markets faced by others can leave permanent scars on men’s willingness to work
Labour force participation among prime-aged American men has fallen for over half a century, and standard explanations leave much of the decline unaccounted for. This
The price of delay: How supply chain disruptions spread into consumer prices
Supply chain disruptions have become a recurring feature of recent economic dynamics and an increasing concern in inflation policy discussions. This column argues that inflationary
Monetary policy under multiple financing constraints
A longstanding puzzle in monetary economics is that policy tightening has stronger effects than easing. This column shows that the multiplicity of financing constraints notably
Research value-added in elite economics PhD programmes
The 2025 US university endowment tax hike, together with other financial pressures, is pushing the wealthiest universities to shrink their doctoral cohorts. This column exploits
