Bank CEOs meeting in private at the world Economic Forum on Wednesday aired concerns about the competitve risks from fintech firms and private lenders, and complained about onerous regulations, a source familiar with the matter said. At the meeting in Davos, attended by dozens of CEOs including JPMorgan Chase & Co.’s , opens nJamie Dimon, executives […]
Morgan Stanley’s revenue beat fourth-quarter expectations on Tuesday, as debt underwriting powered a rebound in investment banking, but its profit took a hit due to $535 million in charges. Toward the end of the year secondary share sales returned alongside high-profile initial public offerings and merger announcements, helped by lower market volatility and increased investor appetite. […]
Central banks and the media have focused on the negative effect of inflation on real incomes. While this income effect is particularly salient for consumers, the overall impact of inflation is a combination of a negative income effect and a positive wealth effect. This column argues that the net impact of inflation on median wealth […]
The 2022 Russian invasion of Ukraine severely disrupted European gas markets. Energy costs rose steeply, global natural gas flows were significantly reoriented, and policymakers’ focus shifted towards energy security. This column examines how the conflict has reshaped the natural gas market, with an emphasis on the role of liquefied natural gas. Europe has become a […]
Industrial policy has gained prominence in public discourse over the last several years as governments seek effective tools and strategies to promote economic development and address new challenges.This column introduces the New Industrial Policy Observatory dataset and documents emergent patterns of policy intervention during 2023. Globally, over 2,500 industrial policy measures have been recorded, out […]
The Oman eCommerce Conference – Chapter II is organized by Inovexic in partnership with the Ministry of Commerce, Industry and Investment Promotion from the Sultanate of Oman. Network with 100+ Ministry Officials, 800+ conference delegations, 50+ world renowned speakers and 200+ Business Partners at The Oman Convention and Exhibition Centre on the 6th and 7th of March […]
After a commendable period of uninterrupted decline in poverty rates, Pakistan’s economy is now facing one of its worst crises . Poor policy choices combined with a series of shocks—COVID-19, the 2022 catastrophic floods, and adverse global conditions—have caused growth to slow, poverty to increase, and brought the country to the brink of debt default. Moreover, human […]
The World Bank’s societal poverty estimates can now be readily accessed from the Poverty and Inequality Platform (PIP). Societal poverty, first introduced as one of the World Bank’s measures of poverty in 2018, provides information that complements the absolute measures of poverty reported by the World Bank, namely poverty at the international poverty line (currently set at $2.15 […]
Earnings inequality has risen since the 1980s in most developed countries, yet the complexities of this rise spark ongoing debates. A crucial question is whether inequality grows between firms within the same industry or across different industries. This column analyses Italy’s private-sector employment over 30 years and reveals a distinctive pattern. Most of the increase […]
Many commentators argue that quantitative easing played a significant role in the post-pandemic rise in inflation across advanced economies. Would the inflation consequences have been different if central banks had used conventional monetary policy instead? This column uses eight measures of quantitative easing to examine its inflation effects relative to those of conventional monetary for […]
