Central banks adjust interest rates to affect consumption and manage aggregate demand. This column uses 6.8 million natural experiments
As governments expand industrial subsidies in the name of economic security, debate intensifies over whether such policies distort trade
The US dollar has dominated the international monetary system since the end of Bretton Woods. This column examines the
The composition of international reserves is in a constant state of flux. This column identifies some surprising recent trends,
There are concerns that the widespread adoption of central bank digital currencies could drain bank deposits and weaken banks’
The 2024 reform of the EU’s Stability and Growth Pact introduced medium-term expenditure paths as the centrepiece of a
A central motivation behind pension reforms over the past three decades has been to strengthen the link between social
Blockchain was launched amid the global financial crisis with the goal of decentralising money and payments, to avoid the
In a cost-of-living shock, households must cope with lower purchasing power while also substituting away from goods whose prices
Business cycles in advanced economies are increasingly driven by global rather than domestic shocks. This column shows that global
Central banks adjust interest rates to affect consumption and manage aggregate demand. This column uses 6.8 million natural experiments
As governments expand industrial subsidies in the name of economic security, debate intensifies over whether such policies distort trade
The US dollar has dominated the international monetary system since the end of Bretton Woods. This column examines the
The composition of international reserves is in a constant state of flux. This column identifies some surprising recent trends,
There are concerns that the widespread adoption of central bank digital currencies could drain bank deposits and weaken banks’
The 2024 reform of the EU’s Stability and Growth Pact introduced medium-term expenditure paths as the centrepiece of a
A central motivation behind pension reforms over the past three decades has been to strengthen the link between social
Blockchain was launched amid the global financial crisis with the goal of decentralising money and payments, to avoid the
In a cost-of-living shock, households must cope with lower purchasing power while also substituting away from goods whose prices
Business cycles in advanced economies are increasingly driven by global rather than domestic shocks. This column shows that global
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