Oil shocks no longer hit the US economy as they used to
Recent disruptions to global oil markets, from Russia’s invasion of Ukraine to the war in Iran, have revived fears of stagflation. This column shows that
Proposing heating efficiency standards for Europe
More than half of the European Union’s natural gas imports are burned to keep buildings warm, with the heating and cooling of buildings using fossil
Not all geopolitical shocks are inflationary
Geopolitical tensions are often seen as a source of inflation. But this is only part of the story. This column shows that geopolitical shocks transmitted
Taiwan plans $13bln in extra energy spending given high global prices
Taiwan has not passed on most of the rising costs to consumers, and it heavily subsidises energy bills, helping to keep inflation down. Taiwan’s government
Fed’s Williams sees no urgency for next Fed rate hike
Fed’s Williams says there’s time to parse data before raising rates again Federal Reserve Bank of New York President John Williams said on Tuesday that
How climate policies can speed up manufacturing decarbonisation in the Western Balkans
Western Balkan firms are adopting measures to reduce environmental impacts, but smaller local firms need support to comply with EU regulations. The European Union’s carbon
Beyond flows: How natural gas supply risk fuels inflation
Europe’s output losses proved limited following the 2022 cutoff of Russian gas flows, yet inflation rose sharply. This column uses weather variation and gas-market events
Trump welcomes Xi to Washington looking for a trade win
US President Donald Trump welcomes Chinese President Xi Jinping to the White House on Thursday for a lavish state summit expected to be heavy on
Energy markets under chokepoint stress: The 2026 Hormuz shock
The 2026 Middle East conflict and the disruption of traffic through the Strait of Hormuz generated the largest physical supply disruption in the history of
A view to a kill…ing of productivity: The allocative cost of war in Ukraine
Estimates of the cost of Russia’s war on Ukraine are dominated by what the war destroys. This column measures a second cost: the labour and
