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trade Economy Featured News World

From battlefield to market: How disruptions in Ukraine affected grain price trends

Commodity price spikes at the outset of Russia’s full-scale invasion of Ukraine contributed significantly to global inflation in 2022-23, which caught many policymakers off guard in both its intensity and persistence. This column uses a nonstationary competitive storage model to demonstrate that, beyond the temporary surge, the war-induced reduction in Ukraine’s acreage caused an upward […]

Development Featured Innovation News Productivity

The global impact of AI: Mind the gap

Artificial intelligence is widely seen as a transformative force for productivity and innovation. Yet, its macroeconomic implications remain uncertain, especially from a global perspective. This column shows how structural differences in AI exposure, preparedness, and access in advanced economies, emerging markets, and low-income countries shape the distribution of AI-induced productivity gains. While improvements in AI […]