Trump’s non-cooperative game
With President Trump’s announcement of sweeping tariffs on 2 April, he appears to be waging an economic war against the rest of the world. This
Further evolution in and of monetary policy frameworks: Moins ça change, moins c’est la même chose
The 2008 crisis and the Covid-19 pandemic presented monetary policy frameworks worldwide with significant challenges. This column reports the results of an updating of the
Geopolitical risks and their implications for consumer expectations and spending
Though geopolitical risks can dampen business sentiment – constraining firm investment and international trade – there is less evidence of how such tensions affect households.
US reciprocal tariffs: Upending the global trade policy landscape
The tariff measures announced by President Trump on 2 April 2025 represent a seismic shift in the global trading landscape. This column describes how, by
EU supply chain tectonics
The EU is adjusting its supply chains to mitigate risks and align with evolving trade and industrial policies. This column analyses trade patterns from 2021
Inflation on Wall Street versus Main Street
Since 2021, developed countries have experienced a significant inflation episode. This column uses Decision Maker Panel data from UK CEOs and CFOs to study firms’
The impact of rent controls: Lessons from Catalonia
Debates over rent control have a long history, with activists and economists highlighting both the benefits and drawbacks. This column revisits these arguments and examines
Sources of differences in Okun’s Law between advanced economies and emerging markets
Labour markets in advanced economies react more strongly to economic downturns than those in emerging markets. A key reason is the higher prevalence of self-employment
Living wages and government contracts
Living wages are an increasingly common policy tool for reducing poverty and improving the living standards of low-income workers. But until recently, there has been
Trade shocks and labour market outcomes: The interplay between firm exposure and labour market competition
Accurately predicting the labour market impact of trade shocks is a complicated endeavour. Using job match records merged with firm-level customs records and changes in
