Forced displacement often forces children out of school and into employment at a young age. This disruption in their human capital formation leads to poverty in the long term. This column demonstrates that unconditional cash transfers provided to refugee families in Turkey are successful in keeping children in school and out of the workforce. Moreover, […]
At the 13th WTO Ministerial Conference in Abu Dhabi, the WTO e-commerce moratorium was renewed once again, but not without difficulty. This column explores the different issues around the moratorium debate. It argues that the potential foregone customs revenue implications of the moratorium are small and that losses can largely be offset by rising revenue […]
The impact of artificial intelligence on office work and the impact of telework on offices are often examined separately. This column uses survey data from Japan to examine whether artificial intelligence and ‘remote intelligence’ are complements or substitutes. The authors find preliminary, albeit weak, evidence that that the two acting as complements in many office […]
The economic costs of armed conflict – in terms of lost income and reduced physical capital – are borne overwhelmingly by the countries in whose territory the fighting takes place. Yet, wars also impose costs on other countries, particularly those geographically closest to the war site. This column suggests that adverse supply‐side spillovers, a pervasive […]
Intel is planning a $100-billion spending spree across four U.S. states to build and expand factories after securing $19.5 billion in federal grants and loans – and hopes to secure another $25 billion in tax breaks. The centerpiece of Intel’s five-year spending plan is turning empty fields near Columbus, Ohio, into what CEO Pat Gelsinger described […]
Micron Technology’s shares surged 15.7% in premarket trading on Thursday after the company posted a surprise profit and forecast current-quarter revenue above Wall Street estimates on soaring demand for its memory chips used in AI computing. The company’s stock was last trading at $111.43, on track to set a record high at market open, if gains hold. The […]
Disasters are mostly unexpected, but during recent decades the world has witnessed a rising incidence of disasters of various types, including armed conflicts, infectious diseases, and natural calamities. This rise is expected to continue in the future due to political and demographic developments, nature loss, and climate change. The third LTI Report studies how banks […]
Though news audiences can access a virtually infinite number of opinions, most people see a reduced set of sources controlled by a small number of conglomerates. This column studies guests invited on to French radio and television channels over 20 years, and documents large differences in the coverage of political forces across outlets. Protecting pluralism […]
Recent attacks on ships navigating along the Red Sea have led vessels to reroute through the Cape of Good Hope, at the southern tip of Africa. This column studies the impact of these events on global shipping and introduces a multi-country general equilibrium model to study such events’ aggregate implications. The attacks have led to […]
Analysis of business dynamism outside the US has been limited by the availability of comparable cross-country data. This column presents new insights on the trends and drivers of business dynamism using a novel dataset for 19 European countries. Across all 19 countries, the authors document structural declines in job reallocation rates and employment shares in […]
