The global minimum tax: More winners than losers – even without the US
A landmark shift in the international corporate tax system is taking shape. The introduction of a 15% global minimum tax aims to reduce profit shifting
Can we even measure progress? The state of development data
Imagine you’ve just been appointed Minister of Finance. Tomorrow morning, you must decide where to build schools and clinics, how much to borrow, and which
Identifying monetary policy shocks in newspapers using GPT
Identifying the shock component of monetary policy is a precondition for measuring its causal effects. This column proposes a novel approach: using large language models,
Inventories, diversification, and trade vulnerabilities
Reducing supply dependencies and vulnerabilities is now a cornerstone of economic policy. This column analyses how French manufacturing firms used inventories and diversified their country-specific
Saudi Arabia’s new approach to disability: Inclusive, holistic, and future-ready
The Kingdom of Saudi Arabia is redefining how it supports persons with disabilities. Moving beyond a purely medical model, the Kingdom is adopting a more
Multi-issuer stablecoins: A threat to financial stability
Stablecoins – digital tokens pegged to fiat currencies – have emerged as a major innovation in crypto finance, with broad implications for payments and international
