Defence and climate: seven points for a common agenda
Faced with major security challenges, Europe is preparing to boost its defence capacity. To defend itself against Russia without the United States, Europe needs to
Non-bank financial institutions’ reliance on banks for contingent credit under stress and its consequences
In recent years, banks’ credit line exposure to non-bank financial institutions has grown significantly. This column analyses the implications by focusing on a specific type
Tariffs cannot fund the government: Evidence from tariff Laffer curves
Until the late 19th century, states raised most of their government revenues from import tariffs. This column asks whether the practice could work today. A
Gender and the authority of experts
Who has more authority in the eyes of the public – male or female economists? This column uses an information experiment to show that the
Developing world cities: Poverty traps versus pathways to prosperity
In higher-income countries, urban proximity has been shown to enhance workers’ skills and income, but less is known about low- and middle-income countries. This column
Public transit access and income segregation
Low-income households in US cities tend to be segregated in low-opportunity neighbourhoods with worse access to good schools and desirable urban amenities. Public transportation is
Identifying potential Chinese export redirection in 2024 US trade data
Tariff escalation between China and the US will result in decoupling of goods trade, raising fears that Chinese exports destined to the US market in
Extractive taxation and the French Revolution
Extractive taxation is considered one of the main causes of the French Revolution. This column exploits regional variations in the French salt tax, which accounted
The rise of China as an international lender
In the past decade, China has become the largest creditor to developing countries, surpassing the IMF, World Bank, and Paris Club countries. This column discusses
Redirecting Chinese exports from the US: Evidence on trade deflection from the first US-China trade war
With the prospect of far-reaching decoupling of goods trade between China and the US, fears of deflection of Chinese exports to third markets have returned.
