Fact-checking reduces the circulation of misinformation – we should not get rid of it
Fact-checking has emerged as one of the most prominent policy tools to combat the spread of misinformation, but critics have argued that it infringes upon
Stifling or scaling: Acquisitions and their effect on start-up innovation
Over the past two decades, start-ups have increasingly turned to acquisition as their preferred exit strategy, but the impact of such acquisitions on innovation is
How foreign wars can consolidate authoritarian power: Evidence from Russia’s invasion of Ukraine
It is a common hope that Russia’s war with Ukraine will erode domestic support for the Kremlin. This column uses individual-level survey data to show
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
Dollar remains firm as markets await ECB, BoE rate announcements
The yen dipped 0.1% to 155.85, extending a 0.6% slide on Wednesday. The dollar inched higher against its major counterparts on Thursday as markets positioned
Global M&A deals hit $4.8bn on strong tech and AI deals
Technology M&A, powered by AI-related deals, was in the vanguard of the year’s surge in merger activity. A potent rebound in global M&A is on
Trade policy uncertainty and supply chain disruptions: Firm-level evidence from “Liberation Day”
The US announcement on 2 April 2025 of “Liberation Day” tariffs created an unexpected, precisely timed, and country-specific episode of trade policy uncertainty. This column
Refugee entrepreneurs as business multipliers: Evidence from Ukrainians in Poland
When Russia invaded Ukraine in 2022, over a million Ukrainian refugees fled to Poland. This column shows that far from displacing local businesses, these refugees
Rerouted, not reduced: How withholding taxes shape global services trade
Global services trade is expanding rapidly, but its intangible nature makes it a prime channel for profit shifting, prompting many countries to apply withholding taxes.
How resilient is Russia’s economy after four years of war?
Resilience in Russia’s 2022–25 economy is fading as war spending slows growth, entrenches inflation and amplifies structural fragilities. In 2022-2025 the Russian economy demonstrated resilience
