Beyond the 3 Percent Fiscal Deficit Rule: What India’s States Reveal About Fiscal Discipline
India’s states began adopting Fiscal Responsibility Laws (FRLs) in the mid 2000s to rein in deficits, put debt on a sustainable path, and restore fiscal
Quantifying the impact of the Iran war on US inflation
The outbreak of the Iran war in February 2026 has led to a major disruption to oil trade and a surge in oil prices. This
When public money multiplies, and when it does not: A guide to the catalytic effect of blended finance
Achieving sustainable development goals needs blended finance, where public money is used to crowd in larger private capital flows. The catalytic multiplier is a central
Challenging inequalities: How we got stuck and where we go next
In many advanced economies, including the UK, progress towards a fairer society appears to have stalled. Deep structural forces – including weak earnings growth, rising
AI and the distribution of income between capital and labour
The swift rise of artificial intelligence is raising fundamental concerns about the future of work. This column uses data from 238 regions across 21 European
EHC Investment, Supermicro to develop sovereign AI modular data centres
This collaboration reflects a shared commitment to accelerating the availability of high-performance, energy-efficient, and sovereign AI-ready digital infrastructure. EHC Investment, a subsidiary of International Holding
Creating high-opportunity neighbourhoods: Evidence from the HOPE VI programme
Income segregation in the US has increased over the past four decades, restricting access to opportunity for many low-income families. This column reports on a
Why detours improve development outcomes
In Homer’s Odyssey, Odysseus does not reach home by following a flawless plan. His journey is defined by detours, storms, and course corrections. What matters is
How traffic demand management can improve access, equity, and jobs in transit-oriented cities
Cities around the world are grappling with how to expand access to jobs and services while reducing congestion, lowering emissions, and building transport systems that
Six ways to make tourism projects work for people, places, and prosperity
Tourism generates 10 percent of global GDP and supports 1 in 10 jobs worldwide. Because of this, it’s a key sector of interest for the
