Mapping the household-level transmission of monetary policy
The monetary tightening that followed the post-pandemic inflation episode has revived long-standing debates about how monetary policy affects households. This column uses a survey of
Macroeconomic policies for AI
While some observers argue that artificial intelligence may lead to large productivity gains, there are also concerns that it may lead to technological unemployment and
China’s real estate reckoning: Lessons from Japan’s lost decade
A growing debate has emerged over whether China risks repeating elements of Japan’s post-real estate bubble stagnation of the 1990s. This column compares China’s current
Dollar edges up ahead of US jobs data, Supreme Court ruling on Trump’s tariffs
Markets brace for US Supreme Court ruling on Trump’s tariffs. The dollar edged up on Friday as markets awaited a U.S. jobs report and braced
Global economy shows signs of steady but subdued growth: UN
The World Economic Situation and Prospects 2026 predicts that global economic output will grow by 2.7 percent this year. The global economy has shown resilience
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
House prices in big cities cannot be expected to come down any time soon
House prices have increased sharply in many advanced economies, often leading to populist revolt and social crises. This column argues that agglomeration externalities foster urbanisation
Gold edges down as investors turn cautious ahead of year-end US data
US Nov non-farm payrolls, unemployment rate data. Gold prices slipped on Tuesday, as investors turned cautious ahead of key U.S. jobs and inflation data, which
Tariff avoidance and import measurement: Lessons from the first US-China trade war
Until 2018, the US-China trade data gap was in line with the discrepancies found in the bilateral trade data of China and its other partners,
When loss strikes twice: Health shocks and household financial distress
While many advanced economies shield their citizens from the most severe direct medical costs of illness, less is known about how households cope with income
