
The use and misuse of R&D subsidies and tax credits
R&D subsidies and tax credits are widely used around the world to encourage private sector R&D by reducing its

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

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

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

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




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