Why AI goes rogue and what can be done about it
There are technical, political and behavioural responses to rogue AI, but risks cannot be fully eradicated Artificial intelligence companies are increasingly reporting incidents in which
The implications of climate change for monetary policy
Climate change and the transition to net zero are reshaping the macroeconomy, with important implications for monetary policymakers’ core price-stability objectives. As physical hazards become
Why more information can make macroeconomic expectations less accurate: Global evidence from 47 countries
Households do not simply choose how much macroeconomic information to acquire; they choose among sources that differ in representativeness and credibility. Using a survey of
Exchange rate communication in practice: Evidence from two decades of ECB press conferences
Evidence is mixed on whether central banks can influence exchange rates simply by talking about them. This column explores this question by analysing more than
One office day a month boosts remote team performance
Remote work has become a permanent feature of labour markets. But the question remains how to balance the benefits of remote work with the workplace
How UK firms are responding to the war in Iran: Early evidence from the Decision Maker Panel
The conflict in the Middle East has pushed energy prices sharply higher, but the implications for UK inflation will depend on the scale and duration
Mortgage borrower actions dampen the impact of higher rates on monthly payments
The surge in inflation following the COVID-19 pandemic prompted many central banks to raise interest rates sharply. This column combines data from a large German
When broadband comes to banks: Credit supply, market structure, and information acquisition
Banks have long relied upon cutting-edge technologies to deliver products and improve efficiency, but there is limited evidence on the impact of fast internet on
The digital euro: Awareness, adoption, and household portfolios
Several central banks are pursuing plans to potentially introduce a central bank digital currency. This column uses survey data covering the 11 largest euro area
US-Japanese knowledge transfer programme in the aftermath of WWII
Following WWII, Japan experienced three decades of rapid productivity growth and convergence with the US. This column studies the Japanese Productivity Program, a joint US-Japanese
