Central banks are among the most data-dense public institutions. As they modernize digital payments and financial supervision, artificial intelligence
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
The outbreak of the Iran war in February 2026 has led to a major disruption to oil trade and
Supporting job seekers looking to change career has become particularly important as economies try to adjust to the digital
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
Central banks are among the most data-dense public institutions. As they modernize digital payments and financial supervision, artificial intelligence
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
The outbreak of the Iran war in February 2026 has led to a major disruption to oil trade and
Supporting job seekers looking to change career has become particularly important as economies try to adjust to the digital
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
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