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 lower sensitivity. This column studies the
Beyond exposure: Predicting AI adoption based on comparative advantage
Predictions about the workplace impact of artificial intelligence often begin with what the technology can do captured by occupations’ exposure to AI. Using representative data
How data and evidence can make anticorruption reforms more inclusive
In Latin America and the Caribbean (LAC), one in five people report experiencing or knowing of sextortion — the exchange of sex, rather than money,
The EU’s Recovery and Resilience Facility: Experience and lessons for the next multiannual financial framework
The EU’s Recovery and Resilience Facility has become a central test case for performance-based fiscal policy. Its experience offers lessons for the design of the
The economic footprint of Europe’s defence build-up
Defence policy is usually discussed as a national security issue, but its economic effects are often highly local. This column presents new evidence from 1,011
Regulating platform work where informality matters: The Chilean case
Chile’s 2022 Platform Work Law was the first reform to address concerns about independent contractors of platform delivery and transportation services, a sector in which
Prevention at birth: Birthright citizenship reduces youth crime
When youth crime draws public attention, policymakers typically call for tougher policing and harsher sanctions, overlooking the crime-reducing benefits of early prevention – investments in
Planning for the rising fiscal costs of climate disasters
Low insurance coverage is turning EU governments into disaster insurers of last resort, strengthening the case for prevention and adaptation finance. Climate-related disasters are affecting
When private insurance buys faster access to public care
Supplemental private health insurance is becoming more common in universal healthcare systems as a way to secure faster access to specialists, diagnostics, and elective care.
Defence innovation and procurement reform: an empirical evaluation of the US Defense Innovation Unit
Battlefields are evolving rapidly, with new technologies reshaping military strategy and tactics. Many of the new technologies originate in firms outside the traditional defence sector,
