Generative AI in German firms: Diffusion, costs, and expected economic effects
The novelty and speed of diffusion of generative AI means that evidence on its impact on productivity and the future of work is scarce. This
Immigration restrictions and natives’ intergenerational mobility: Evidence from the 1920s US quota acts
Much of the debate over the consequences of immigration restrictions for labour market outcomes of native-born workers focuses on short-run wage competition. This column exploits
Beyond tariffs: A better approach to green industrial policy
Governments impose tariffs to protect domestic clean-energy industries and accelerate decarbonisation, but tariffs can increase the costs of deploying clean technologies. This column analyses the
How the global minimum tax amendments could reshape Europe’s tax incentives
This analysis offers estimates for EU countries of the possible impact of the ‘safe harbour’ update to the global minimum tax on corporate profits. An
Minimum wages and insurance within the firm
While much of the debate over minimum wages focuses on how they affect average pay levels or job losses, an equally important question is how
Sterling drops as inflation cements BoE cut expectations, dollar up before US inflation
British consumer price inflation fell to 3.2% in November, its lowest since March, from 3.6% in October, official figures showed. Sterling fell on Wednesday after
US dollar close to multi-week lows versus euro and yen before US data
Euro supported by ECB’s stance and strong economic data. Euro supported by ECB’s The U.S. dollar hovered around multi-week lows against the euro and yen
European stocks fall as traders wait for US jobs data, dollar steady
Oil drops below $60 a barrel for first time in months. European stocks fell in early trading on Tuesday, struggling to make gains as traders
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
Manufacturing work beyond manufacturing industries: Rethinking structural change in Germany
Manufacturing employment in advanced economies is widely viewed as being in long-term decline. Using German administrative data from 1975 to 2019, this column shows that
