The composition of Western workforces has shifted toward older workers, and this trend is particularly strong at the very
R&D subsidies and tax credits are widely used around the world to encourage private sector R&D by reducing its
Macroprudential capital buffers are designed to make banking systems safer. This column shows that, at the bank–firm level, they
In recent years, several high-profile episodes have renewed concerns about central bank independence in practice. This column constructs a
Do geopolitical shocks to supply chains make firms retreat from globalisation? Using new survey data from 1,855 manufacturing firms
The dramatic developments unfolding globally, spanning wars, geopolitical shifts, and trade disruptions, have caught Europe off balance. The 2026
Risk associated with broad political changes can be quantified with a globally priced factor common across stocks, bonds and
Achieving sustainable development goals needs blended finance, where public money is used to crowd in larger private capital flows.
When geopolitical crises strike, oil prices often surge, with consequences that extend far beyond energy markets. This column shows
A common feature of flash crash episodes in financial markets is that liquidity vanishes precisely when it is most
The composition of Western workforces has shifted toward older workers, and this trend is particularly strong at the very
R&D subsidies and tax credits are widely used around the world to encourage private sector R&D by reducing its
Macroprudential capital buffers are designed to make banking systems safer. This column shows that, at the bank–firm level, they
In recent years, several high-profile episodes have renewed concerns about central bank independence in practice. This column constructs a
Do geopolitical shocks to supply chains make firms retreat from globalisation? Using new survey data from 1,855 manufacturing firms
The dramatic developments unfolding globally, spanning wars, geopolitical shifts, and trade disruptions, have caught Europe off balance. The 2026
Risk associated with broad political changes can be quantified with a globally priced factor common across stocks, bonds and
Achieving sustainable development goals needs blended finance, where public money is used to crowd in larger private capital flows.
When geopolitical crises strike, oil prices often surge, with consequences that extend far beyond energy markets. This column shows
A common feature of flash crash episodes in financial markets is that liquidity vanishes precisely when it is most
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