Oil shocks no longer hit the US economy as they used to
Recent disruptions to global oil markets, from Russia’s invasion of Ukraine to the war in Iran, have revived fears of stagflation. This column shows that
Accommodating emerging giants in the global economy
History provides many examples of large changes in the relative economic size of nations. This column examines the impact of rapid economic growth in emerging
The Great Wall of Chinese goods: The effect of tariff-induced re-rerouting on euro area consumer prices
Tariffs affect both supply and demand, possibly with contrasting effects on prices. This column shows that renewed US-China tensions could redirect Chinese exports to the
