Macroeconomic models distinguish time-dependent pricing, where firms change prices at fixed intervals, from state-dependent pricing, where firms change prices
The post‑pandemic inflation surge is often attributed to pent-up demand and opportunistic price hikes by firms. This column argues
The question of whether Europe’s $12.6 trillion holdings of US assets be used as leverage if relations with Washington
European firms tend to be smaller and less productive than US firms. Qualitative and survey-based evidence suggests that one
During the recent tightening and easing cycle, the aggregate bank lending rate to firms in the euro area increased
Non-degree credentials are rapidly multiplying as alternatives to traditional higher education, but in a largely unregulated market. This column
While recent analysis has focused on direct impacts of US tariffs and potential retaliation, major US trading partners have
Existing evidence indicates that foreign direct investment promotes growth only when host economies have the human capital and deep
A solid EU better regulation framework is undermined by gaps in coverage and quality, making consistent application and stronger
Between regaining independence in 1991 and the Russian invasion in 2022, Ukraine went from being on par with the
Macroeconomic models distinguish time-dependent pricing, where firms change prices at fixed intervals, from state-dependent pricing, where firms change prices
The post‑pandemic inflation surge is often attributed to pent-up demand and opportunistic price hikes by firms. This column argues
The question of whether Europe’s $12.6 trillion holdings of US assets be used as leverage if relations with Washington
European firms tend to be smaller and less productive than US firms. Qualitative and survey-based evidence suggests that one
During the recent tightening and easing cycle, the aggregate bank lending rate to firms in the euro area increased
Non-degree credentials are rapidly multiplying as alternatives to traditional higher education, but in a largely unregulated market. This column
While recent analysis has focused on direct impacts of US tariffs and potential retaliation, major US trading partners have
Existing evidence indicates that foreign direct investment promotes growth only when host economies have the human capital and deep
A solid EU better regulation framework is undermined by gaps in coverage and quality, making consistent application and stronger
Between regaining independence in 1991 and the Russian invasion in 2022, Ukraine went from being on par with the
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