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Bitcoin drops 7.8% to below $60,000

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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…

2 days ago

Beyond trade diversion: How the US-China trade war reshaped global production

Trade wars do not simply redirect exports; they also reshape the costs of production, disrupt…

2 days ago

Why we spend so much time in meetings

Few features of modern work are as widely criticised as meetings. Using data from over…

2 days ago

New jobs in 140 years of data: Why the AI displacement fear is overstated — and what to worry about instead

Forecasts of AI-driven job destruction rest on counting automatable tasks. But labour markets hire, pay,…

2 days ago

Fiscal unsustainability and capture: $40 trillion Treasury debt does not measure the risks; enhanced long-term repurchases don’t improve them

US federal government debt exceeded $40 trillion in August 2026, triggering concerns about fiscal credibility…

2 days ago

How exchange rate policy reshapes global supply chains and productivity growth

Global current account imbalances are widening again. This column argues that currency undervaluation, supported by…

2 days ago