Can Germany afford to take most defence spending out of its debt brake?
Germany’s constitution contains a so-called debt brake – a constraint that keeps the structural deficit to 0.35 percent of GDP. This measure of fiscal prudence
Survey mode effects and youth mental health in Asia and the Middle East
There is growing evidence of a decline in the mental health of the young in Western developed countries such that, today, the young tend to
The perceived costs of business cycles and inflation
How costly are business cycles and inflation? This column reports on a survey that asked consumers across 13 countries how much consumption they would be
New developments in total factor productivity measurement reflecting innovative activities: Evidence from the productivity J-curve in advanced countries
Despite digitalisation in the 21st century, productivity growth rates in advanced economies seemed to stagnate in the 2010s. One hypothesis to explain this phenomenon is
On the effectiveness of the sanctions on Russia: New data and new evidence
There has been an unprecedented increase in the number of sanctions imposed in world over the past 70 years, raising questions over their effectiveness. This
Charting the uncharted: The (un)intended consequences of oil sanctions and dark shipping
Despite formal restrictions, untracked oil continues to reach global markets, calling into question the true effectiveness of oil sanctions. This column presents a novel ship
Will China’s economy follow the same path as Japan’s?
Since the bursting of China’s real-estate bubble in mid-2021, there has been a growing concern that the Chinese economy could end up like that of
BRICS’ climate leadership aims hang on healing deep divides
Ambitions by the BRICS group to take on a greater climate leadership role, building on success last month at United Nations nature talks, depend on
Fitch assigns negative outlook to India’s Adani Energy on US probe risks
Fitch Ratings has assigned a negative outlook to Indian energy infrastructure company Adani Energy Solutions Limited, citing concerns over corporate governance and potential risks from
JPMorgan joins Goldman, hikes euro area’s 2025 economic growth forecast
J.P.Morgan joined Wall-Street peer Goldman Sachs to forecast a boost to the euro area’s economic growth for 2025 on the back of Germany’s fiscal loosening
