How data centres affect electricity prices and for whom
Increases in US electricity prices since 2020 have coincided with a sharp rise in demand from data centres. This column analyses the impact of the
The quality of capital allocation in Europe
Europe’s investment debate tends to ask how much capital can be mobilised and how quickly. Allocation quality also depends on who receives capital and on
Decoding AI — What the promise of artificial intelligence means for developing economies
Most of what we hear about artificial intelligence comes through the lens of advanced economies: the race to build the most powerful models, the fear
How to lend and spend money to increase the gains from international migration
It has long been argued that even relatively small increases in global migration could result in gains that far exceed the total of all foreign
Making markets work: The role of effective public institutions in enabling private sector growth and development
Of the roughly 3.74 billion people in the global workforce, about 400 million, or 11 percent, work in the public sector. These are the people who deliver essential services,
The European Union’s automotive sector needs a plan, not undue protection
European automotive policy should prioritise affordable competitiveness over protectionism, using resilience criteria and temporary safeguards. The European automotive industry faces significant challenges: electrification, Chinese competition
The energy transition: Progress and challenges
Solar and wind have become the cheapest sources of new electricity almost everywhere, yet Europe is now switching them off in record numbers. This column
Productive firms can better spot and deploy their internal talent
When a job vacancy opens, the manager faces a choice: to hire from outside the organisation, or to fill the position with an existing employee
Building resilience to global financial shocks in emerging markets
Emerging markets are vulnerable to sudden shifts in investor sentiment, which can lead to pressure on exchange rates and financing conditions. Using panel evidence from
Anatomy of a rise: Monetary policy and the post-Covid surge in long-term interest rates
The sharp rise in long-term interest rates since 2020 is difficult to explain from slow-moving fundamentals. This column shows that narrow windows around nonfarm payroll
