• Loading stock data...
Finance Business Economy Featured

EU likely to propose to G7 lowering price cap on Russian oil to $50 per barrel

 The EU will propose to G7 finance ministers this week to lower the current $60 per barrel price cap on Russian seaborne oil as part of the new sanctions package against Moscow, European Economic Commissioner Valdis Dombrovskis said on Monday. Dombrovskis did not mention the level to which the European Union would want the price […]

Featured News Technology World

Nvidia plans to sell tech to speed AI chip communication

 Nvidia plans to sell a technology that will tie chips together to speed up the chip-to-chip communication needed to build and deploy artificial intelligence tools, it said on Monday. Nvidia launched a new version of its NVLink tech called NVLink Fusion on Monday that it will sell to other chip designers to help build powerful custom […]

Climate Economy Environment Featured

Sovereigns on thinning ice: debt sustainability, climate impacts and adaptation

A fundamental problem for sovereigns enacting climate policies is whether they can manage increasing debts as their economies suffer from adverse climate impacts. We develop stochastic debt sustainability analysis integrating a coupled climate-economy model with debt financing scenario optimisation, and stress test sovereign debt for representative countries globally under the Intergovernmental Panel on Climate Change […]

Business Economy Featured Finance

New eBook: Trump’s Great Trade Hack

President Trump’s 2025 tariffs mark the onset of the post-American leadership era. This column introduces The Great Trade Hack, a new CEPR Rapid Response book arguing that Trump’s trade policy, driven by a ‘Grievance Doctrine’, is emotionally coherent but economically incoherent. Despite their failure to deliver real solutions, tariffs persist as ‘policy placebos’ that deflect […]

trade Featured Finance News World

The trade imbalance network and currency fluctuations

In recent years, concerns over global financial fragmentation have grown amid rising geopolitical tensions. This column integrates a network structure in a multi-country model with imperfect financial markets to study how currency risk premia are connected to financiers’ risk bearing capacity. Guided by the theory, it constructs a centrality-based characteristic that gives a direct role […]

World Featured Finance News

Chinese banks and their EMDE borrowers

Although Chinese banks have remained the top lenders to emerging markets and developing economies (EMDEs), their growth has slowed and their lending patterns have changed since the pandemic. This column shows that while cross-border lending by Chinese banks to their EMDE borrowers was highly correlated with bilateral trade flows between both countries prior to the […]

Finance Business Featured World

The Nordic model of wage coordination at a crossroads

Strong coordination of wage setting has been maintained in Nordic countries through pattern bargaining. The tradables sector sets the first agreement, which then serves as the nationwide norm for subsequent wage increases. This column outlines that a key motivation for this model is to maintain international competitiveness and keep the wage share constant over time. […]

Finance Banking Featured trade World

Overcoming constraints: How banks helped US firms reroute their supply chains

Rising trade tensions and the pandemic have forced importers to reconfigure their supply chains – a complex and costly process. This column highlights the underappreciated role of financial intermediaries in supporting supply chain resilience during global disruptions. Commercial banks – especially those specialising in Asian trade finance – played a crucial role in helping firms […]