Chat Bankman-Fried: An experiment on LLM ethics in finance
As large language models gain traction, it is important to ensure that decisions delegated to them comply with ethical and legal principles. This column reports
From battlefield to market: How disruptions in Ukraine affected grain price trends
Commodity price spikes at the outset of Russia’s full-scale invasion of Ukraine contributed significantly to global inflation in 2022-23, which caught many policymakers off guard
The Federal Reserve, the new administration, and the outlook for the economy and monetary policy
The new US administration has made the Federal Reserve’s monetary policymaking more complicated both because of the elevated uncertainty regarding administration policies and because of
Dangling fiscal surveillance: EU fiscal policies in 2024
Effectively suspended since the onset of the Covid pandemic, the EU fiscal rules were set to make a comeback in 2024. At the same time,
From words to deeds: Incorporating climate risks into sovereign credit ratings
Climate-related risks are increasingly recognised as an important threat to long-term fiscal sustainability. This column studies the extent to which credit rating agencies integrate these
Strong Japan GDP lifts yen, dollar steady as rate cut fervour cools slightly
Dollar on course to end week flat against EUR; lower against JPY, GBP. The dollar was largely steady against the euro and British pound on
US budget deficit forecast $1trln higher over next decade, watchdog says
The Committee for a Responsible Federal Budget’s latest forecasts show a cumulative deficit of $22.7trln from fiscal 2026 to 2035. U.S. federal budget deficits will
Oil firms as investors await next steps in Ukraine peace push
U.S. crude stocks fell by 2.42 million barrels, market sources said on Tuesday, citing American Petroleum Institute figures, ahead of official data at 1430 GMT.
European stocks fall, dollar steady, traders wait for Jackson Hole
Euro zone business activity expanded in August, PMIs show. European stock markets fell slightly in early trading on Thursday, hovering just below recent highs, as
How to update the EU Merger Guidelines
There is a growing push from certain quarters for the European Commission to weaken merger control in order to spur greater investment and innovation, higher
