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Economy Featured News World

How real-time data misled policymakers during the post-COVID recovery

Preliminary data releases can diverge significantly from subsequently revised figures, complicating economic policy decisions made in real time. This column shows how real-time GDP releases understated the strength of the post-pandemic recovery in both the euro area and the United States. This distorted view painted a more pessimistic picture than subsequently revised data revealed, masking […]

Climate Environment Featured Innovation Productivity

Adjusting productivity for carbon emissions: A new perspective on the growth slowdown

Productivity growth has been lacklustre over the past 20 years in most advanced economies. But standard productivity measures ignore the progress that some economies have made in terms of lowering carbon dioxide emissions. This column proposes a method to embed those efficiency gains into existing productivity measures. For traditional (small) estimates of the cost of […]

Economy Featured Lifestyle News World

Stanley Fischer and the Annual Bank Conference on Development Economics: A tribute

Stanley Fischer, the World Bank’s chief economist from January 1988 to August 1990, passed away on May 31, 2025. Stan Fischer’s immense professional contributions to modern macroeconomic and monetary policy, both as faculty at MIT and in the positions he held thereafter—as the first deputy managing director of the IMF (1994-2001), in running the Bank […]