
New evidence of strong but slow portfolio responses to equity premium changes
Standard portfolio theory predicts strong investor responses to changes in the equity premium, but empirical evidence has found much

Standard portfolio theory predicts strong investor responses to changes in the equity premium, but empirical evidence has found much

Climate change and the transition to net zero are reshaping the macroeconomy, with important implications for monetary policymakers’ core

The role of non-bank financial intermediaries in the financial system has increased markedly over recent decades. This column documents

Pension funds have traditionally invested in global bond markets which offer predictable income and support stable portfolios. This column

Technology in education has long followed a familiar pattern: excitement about a new tool, followed by disappointment when it

The East Asia and Pacific (EAP) region has achieved one of the most remarkable economic transformations in history. In

Development cooperation is acquiring a dangerous new mathematics. In 2025, official development assistance from European Union donor countries fell

Europe is moving towards invoice-level electronic VAT reporting. This column argues that, with AI-assisted processing of the information contained

Foreign investors’ growing holdings of dollar-denominated bonds have created a large demand to hedge dollar risk. Using outstanding FX

Predictions about the workplace impact of artificial intelligence often begin with what the technology can do captured by occupations’

Standard portfolio theory predicts strong investor responses to changes in the equity premium, but empirical evidence has found much

Climate change and the transition to net zero are reshaping the macroeconomy, with important implications for monetary policymakers’ core

The role of non-bank financial intermediaries in the financial system has increased markedly over recent decades. This column documents

Pension funds have traditionally invested in global bond markets which offer predictable income and support stable portfolios. This column

Technology in education has long followed a familiar pattern: excitement about a new tool, followed by disappointment when it

The East Asia and Pacific (EAP) region has achieved one of the most remarkable economic transformations in history. In

Development cooperation is acquiring a dangerous new mathematics. In 2025, official development assistance from European Union donor countries fell

Europe is moving towards invoice-level electronic VAT reporting. This column argues that, with AI-assisted processing of the information contained

Foreign investors’ growing holdings of dollar-denominated bonds have created a large demand to hedge dollar risk. Using outstanding FX

Predictions about the workplace impact of artificial intelligence often begin with what the technology can do captured by occupations’




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