
Financial intermediation and zombie firms: Theory and evidence
Credit market conditions have been identified as a key driver of the prevalence of zombie firms. This column studies

Credit market conditions have been identified as a key driver of the prevalence of zombie firms. This column studies

The rise of e-money in low-income and emerging economies has transformed financial inclusion and monetary policy transmission. Case studies

The unprecedented surge in prices since 2021 led the ECB to embark on the fastest tightening cycle in the

Artificial intelligence is transforming academic research, raising both opportunities and concerns. This column shows how large language models can

Some consumers are over-optimistic about their future income and underestimate the probability of experiencing negative income shocks, while others

Though ‘buy now, pay later’ loans are increasingly popular, critics argue that they encourage high costs and unsound borrowing.

European public goods are public goods which can be more effectively provided at the EU level than the national

Donald Trump has promised a raft of new tariffs, prompting concerns about a concomitant increase in inflation. This column

Differences in consumption patterns between lower- and higher-income households suggest the potential for inflation inequality, but evidence on the

The role of firms in explaining pay differentials is well documented. At the same time, there is growing evidence

Credit market conditions have been identified as a key driver of the prevalence of zombie firms. This column studies

The rise of e-money in low-income and emerging economies has transformed financial inclusion and monetary policy transmission. Case studies

The unprecedented surge in prices since 2021 led the ECB to embark on the fastest tightening cycle in the

Artificial intelligence is transforming academic research, raising both opportunities and concerns. This column shows how large language models can

Some consumers are over-optimistic about their future income and underestimate the probability of experiencing negative income shocks, while others

Though ‘buy now, pay later’ loans are increasingly popular, critics argue that they encourage high costs and unsound borrowing.

European public goods are public goods which can be more effectively provided at the EU level than the national

Donald Trump has promised a raft of new tariffs, prompting concerns about a concomitant increase in inflation. This column

Differences in consumption patterns between lower- and higher-income households suggest the potential for inflation inequality, but evidence on the

The role of firms in explaining pay differentials is well documented. At the same time, there is growing evidence




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