Supply shocks and inflation: Timely insights from financial markets
Determining the drivers of inflation in real time is a central challenge for central banks. This column introduces a new financial markets-based model to identify
The hidden costs of China’s industrial policy
China uses a wide array of industrial policies, such as subsidies and regulations, to promote strategic economic sectors. This column estimates that the equivalent fiscal
Supply chains and free trade agreements
Studies examining the effects of free trade agreements on the activities of multinational enterprises have tended to focus on trade between home countries and their
Why export controls accelerate innovation: Evidence from the 2007 US ‘China Rule’
A key debate surrounding export controls is whether they accelerate innovation in targeted rivals. This column studies this question using a set of US export
Exclusive: Micron to exit server chips business in China after ban, sources say
Micron plans to stop supplying server chips to data centres in China after the business failed to recover from a 2023 government ban on its products
Global economy showing signs of moderate slowdown says IMF
Global growth is projected to slow from 3.3 percent in 2024 to 3.2 percent in 2025 and 3.1 percent in 2026. The global economy is
Bank specialization and the transmission of euro area monetary policy
Bank lending is a key channel through which monetary policy affects the real economy. This column explores how the effects of monetary policy on credit
Hidden growth in US manufacturing productivity
Manufacturing is a locus of innovation, yet standard industry data show manufacturing productivity stagnating in the US. This column argues that standard measurements understate true
Empowering adult learners: Navigating digital skills in the AI era
According to the World Bank, one-third of the global population, roughly 2.6 billion people, live in “digital darkness,” meaning they lack access to the internet. Even European Union
IMF chief says global economy doing ‘better than feared,’ risks remain
IMF Managing Director Kristalina Georgieva said the U.S. economy had dodged a recession feared by many experts just six months ago. The world economy has
