The macroeconomic impact of the Recovery and Resilience Facility: An analysis for Italy, Spain, and Greece
The EU Recovery and Resilience Facility was launched to support post-Covid recovery while accelerating structural transformation through investment and reform. This column provides a preliminary
How higher pensions shape work after retirement: Lessons from Germany’s Earned Income Pension Credit
Can governments raise pensions for low-income retirees without discouraging them from working? Drawing on Germany’s Earned Income Pension Credit, this column finds that higher pension
The economic footprint of Europe’s defence build-up
Defence policy is usually discussed as a national security issue, but its economic effects are often highly local. This column presents new evidence from 1,011
Early-life experiences of labour markets faced by others can leave permanent scars on men’s willingness to work
Labour force participation among prime-aged American men has fallen for over half a century, and standard explanations leave much of the decline unaccounted for. This
Monetary policy under multiple financing constraints
A longstanding puzzle in monetary economics is that policy tightening has stronger effects than easing. This column shows that the multiplicity of financing constraints notably
Investing in the future: ensuring women-led small businesses can thrive
When we picture engines of economic growth and job creation, we tend to think of large multinational companies and global brands. Yet, in emerging and
AI, productivity, and work: Evidence from US firms
Real-time evidence from users can inform the current policy debates around artificial intelligence. This column reports on a survey of executives at typical US firms
Regulating platform work where informality matters: The Chilean case
Chile’s 2022 Platform Work Law was the first reform to address concerns about independent contractors of platform delivery and transportation services, a sector in which
Closing the skills gap: why industry must help lead the way
The global economy is changing at extraordinary speed, and education and training systems are struggling to keep up. Artificial intelligence is transforming jobs almost overnight.
Making AI work: From promise to practice
AI is here. Over 3 billion people globally use generative AI (genAI) like ChatGPT or Baidu’s Erni Bot monthly. AI helped researchers discover new proteins (and get
