• Loading stock data...
Economy Environment Featured Social Security World

Quantifying global debt risks amid high and rising public debt

As global debt continues to climb, evaluating debt risks is critical. This column introduces a novel ‘debt-at-risk’ framework that uses information on current macro-financial and political conditions to construct the full distribution of potential future debt outcomes. The framework shows that debt risks are high, rising, and tilted to the upside. Debt levels are projected […]

Climate Energy Featured News World

Implementing the EU Nature Restoration Law: exploring pathways for member states

The European Union Nature Restoration Law (NRL) entered into force in 2024. The NRL sets quantitative restoration targets aimed at improving natural habitats that are currently in poor condition, with substantial leeway for countries to choose implementation pathways that fit their priorities. This Working Paper examines three pathways: (1) evenly spreading restoration efforts across all […]

Technology Development Featured Finance

AI in public employment services: Unlocking potential, avoiding pitfalls

Public employment services are rapidly turning to artificial intelligence (AI) to develop a range of sophisticated digital tools. According to a recent survey, half of the public employment agencies in OECD countries have implemented AI solutions such as chatbots that assist with service inquiries, profiling models to assess jobseeker needs, tools that guide job-search strategies, and […]

Climate Banking Featured World

What the financial sector needs to know about climate-related risks in the next five years: Navigating the new NGFS short-term scenarios for Europe

The immediate effects of climate-related risks are particularly relevant for the financial sector. Climate stress tests, which are often carried out over three to five-year periods, have become crucial for assessing the impact of shifting weather patterns and evolving climate policies on both the economy and the financial system. This column highlights the key findings […]

Development Economy Featured Finance poverty

Developing world cities: Poverty traps versus pathways to prosperity

In higher-income countries, urban proximity has been shown to enhance workers’ skills and income, but less is known about low- and middle-income countries. This column examines how the income of initially poor workers in Brazil changes after urban migration. Wages go up immediately for migrants to both southern and northern Brazilian cities, but only in […]