Financial engineering is no substitute for interest rates: Lessons from Türkiye
The Turkish central bank cut interest rates over 2021-2023, on the politically driven view that higher rates cause inflation.
The Turkish central bank cut interest rates over 2021-2023, on the politically driven view that higher rates cause inflation.

Firms in low- and middle-income countries persistently pay more to borrow than firms in high-income economies. Drawing on a

Inflation in the US has receded from its 2022 peak. This column uses payroll records from 2016 to 2025

The US Inflation Reduction Act’s Energy Communities provisions aimed to increase clean-energy investment in areas vulnerable to the energy

For its entire 15-year life as a regional bank until its collapse in 2023, Silicon Valley Bank held the

Data show that trade sanctions reduce commerce between the countries imposing them and their targets. But this bilateral success

Many countries have adopted different price regulations to contain pharmaceutical prices, even in markets exposed to generic competition. This

Governments around the world are increasingly mandating the digitalisation of business records, yet little is known about the effects

The 2024 reform of the EU fiscal framework makes fiscal adjustment more country-specific and less procyclical. However, it does

Households do not simply choose how much macroeconomic information to acquire; they choose among sources that differ in representativeness
The Turkish central bank cut interest rates over 2021-2023, on the politically driven view that higher rates cause inflation.

Firms in low- and middle-income countries persistently pay more to borrow than firms in high-income economies. Drawing on a

Inflation in the US has receded from its 2022 peak. This column uses payroll records from 2016 to 2025

The US Inflation Reduction Act’s Energy Communities provisions aimed to increase clean-energy investment in areas vulnerable to the energy

For its entire 15-year life as a regional bank until its collapse in 2023, Silicon Valley Bank held the

Data show that trade sanctions reduce commerce between the countries imposing them and their targets. But this bilateral success

Many countries have adopted different price regulations to contain pharmaceutical prices, even in markets exposed to generic competition. This

Governments around the world are increasingly mandating the digitalisation of business records, yet little is known about the effects

The 2024 reform of the EU fiscal framework makes fiscal adjustment more country-specific and less procyclical. However, it does

Households do not simply choose how much macroeconomic information to acquire; they choose among sources that differ in representativeness




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