The EU fiscal framework undermines innovation and security
European member states may now exceed deficit limits if the borrowing finances defence. This column argues that this fiscal exemption is economically incoherent: it subsidises
Accommodating emerging giants in the global economy
History provides many examples of large changes in the relative economic size of nations. This column examines the impact of rapid economic growth in emerging
Big cities and globalisation
Globalisation has deepened economic inequalities between large cities and the rest. This column examines foreign trade integration in larger cities versus other regions across Brazil,
Brexit migration shifts: Benchmarking the UK to Germany
Brexit has been one of the most consequential institutional shocks to a major European economy in recent decades. This column examines how Brexit reshaped the
A vignette study of work from home and attitudes to household work
Work from home has boomed since the Covid pandemic. This column uses a vignette experiment to explore how working from home links to gendered attitudes
The state of competition: Why market power has risen – and why antitrust alone won’t fix it
There is intense debate over the origins and implications of rising market power and declining business dynamism across developed economies. This column argues that a
Crypto carry: Market segmentation and price distortions in digital asset markets
The rapid growth of cryptocurrency markets has created new challenges for financial regulators and policymakers. This column discusses the ‘crypto carry’, or the large gap
Macroeconomic impacts of defence spending
Worsened security in Europe has prompted EU member states to increase their defence capacity. This column argues that the NATO target to boost defence spending
Tariffs and technological hegemony
The Trump administration’s sweeping tariff measures are intended to increase the competitiveness of US firms – especially in high-tech sectors – and reduce US trade
Harnessing the wisdom of the crowds for OECD recession predictions
A key challenge in predicting recessions is distinguishing which factors matter at different forecasting horizons and across different countries. This column applies machine learning methods
