The impact of international economic sanctions on informal employment
Economic sanctions have become an increasingly common instrument of foreign policy, promoted as a non-violent alternative to military intervention. However, their effects on labour markets
Agrifood powers economies and jobs across Europe and Central Asia
As economies develop, it is often assumed that agriculture becomes less relevant—a small slice of GDP and a shrinking share of employment. But evidence from
Effects of monetary policy on labour income: The role of the employer
How do monetary policy shocks affect workers’ wages and employment? This column looks at the role that firms play in determining the wage and employment
Resolving non-performing loans and zombie firms: A path to sustainable growth in Greece
During the Greek debt crisis, zombie firms and non-performing business loans peaked at 20% and 50%, respectively. This column examines the negative effects of ‘zombie’
Tracking pay: Lessons from the ‘video’ revolution
In many of the world’s most advanced economies, hyper-globalisation and technological shocks such as AI have made many people’s lives seem less secure. But the
‘Home-grown’ innovation has costs as well as benefits
Many European leaders express concern, or even dismay, that Europe is unable to launch and grow its own tech giants like those in the US .
