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New eBook: Trump’s Great Trade Hack

President Trump’s 2025 tariffs mark the onset of the post-American leadership era. This column introduces The Great Trade Hack, a new CEPR Rapid Response book

Chinese banks and their EMDE borrowers

Although Chinese banks have remained the top lenders to emerging markets and developing economies (EMDEs), their growth has slowed and their lending patterns have changed

Big techs’ AI empire

Advances in AI are transforming the economy. Behind this wave of visible innovation lies a less visible but significant trend: the role of large technology

Commodity prices fell in April

The energy price index fell 7.6% in April, led by declines in U.S. natural gas (-17.6%) and crude oil (-6.8%), the World Bank’s Pink Sheet reported. Non-energy