
Beyond oil: The macroeconomic impact of commodity supply disturbances
As geopolitical tensions from Ukraine to the Middle East disrupt global supply chains, understanding how diverse commodity shocks affect

As geopolitical tensions from Ukraine to the Middle East disrupt global supply chains, understanding how diverse commodity shocks affect

Industrial policies are a key feature of many countries running persistent trade surpluses. This column develops a framework to

EU CBAM is nudging trade-exposed partners towards carbon pricing, but spillovers are concentrated in high and upper middle-income countries

China is relatively inured to the Iran conflict, but less external demand could hit its exports and its international

Business cycles in advanced economies are increasingly driven by global rather than domestic shocks. This column shows that global

As geoeconomic tensions rise, researchers rush to understand how cross-border restrictions have been used in the past. This column

Despite strong GDP growth and a favourable demographic profile, India faces an impending jobs crisis. A large share of

High US tariffs on imports from China in the first half of 2025 led to concerns about a large-scale

The US is taking actions to reshore manufacturing while largely abandoning decarbonisation. This column argues that, in response, the

The UK vote to leave the EU in 2016 led to an immediate rise in economic policy uncertainty. This

As geopolitical tensions from Ukraine to the Middle East disrupt global supply chains, understanding how diverse commodity shocks affect

Industrial policies are a key feature of many countries running persistent trade surpluses. This column develops a framework to

EU CBAM is nudging trade-exposed partners towards carbon pricing, but spillovers are concentrated in high and upper middle-income countries

China is relatively inured to the Iran conflict, but less external demand could hit its exports and its international

Business cycles in advanced economies are increasingly driven by global rather than domestic shocks. This column shows that global

As geoeconomic tensions rise, researchers rush to understand how cross-border restrictions have been used in the past. This column

Despite strong GDP growth and a favourable demographic profile, India faces an impending jobs crisis. A large share of

High US tariffs on imports from China in the first half of 2025 led to concerns about a large-scale

The US is taking actions to reshore manufacturing while largely abandoning decarbonisation. This column argues that, in response, the

The UK vote to leave the EU in 2016 led to an immediate rise in economic policy uncertainty. This




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