
Commodity wealth demands a fiscal balancing act
Commodity booms are easy to celebrate but hard to manage. For resource-rich economies, commodity windfalls—if managed well—can finance investment,

Commodity booms are easy to celebrate but hard to manage. For resource-rich economies, commodity windfalls—if managed well—can finance investment,

Official Russian statistics report a mild recession in 2022 following the full-scale of Ukraine but suggest that Russia has

Aggregate productivity growth in Europe has disappointed over the last two decades, fuelling concerns about competitiveness. This column argues

Governments increasingly use protection and targeted subsidies to promote domestic firms. These policies are usually evaluated in the market

Housing shortages and rising rents have become a source of political pressure in many countries, prompting calls for stronger

The labour force participation rate in the euro area has risen in recent years while it has declined in

Imitation is a first-order concern for enterprises operating global production processes. Firms routinely source knowledge-intensive inputs from many countries,

Economic historians have long placed culture at the centre of the rise of the West, but have lacked a

Many public institutions are now experimenting with AI tools to support surveillance, supervision, and policy analysis, raising questions about

Sharp increases in interest rates can reduce the market value of banks’ securities holdings and threaten financial stability. Using

Commodity booms are easy to celebrate but hard to manage. For resource-rich economies, commodity windfalls—if managed well—can finance investment,

Official Russian statistics report a mild recession in 2022 following the full-scale of Ukraine but suggest that Russia has

Aggregate productivity growth in Europe has disappointed over the last two decades, fuelling concerns about competitiveness. This column argues

Governments increasingly use protection and targeted subsidies to promote domestic firms. These policies are usually evaluated in the market

Housing shortages and rising rents have become a source of political pressure in many countries, prompting calls for stronger

The labour force participation rate in the euro area has risen in recent years while it has declined in

Imitation is a first-order concern for enterprises operating global production processes. Firms routinely source knowledge-intensive inputs from many countries,

Economic historians have long placed culture at the centre of the rise of the West, but have lacked a

Many public institutions are now experimenting with AI tools to support surveillance, supervision, and policy analysis, raising questions about

Sharp increases in interest rates can reduce the market value of banks’ securities holdings and threaten financial stability. Using




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