Gold falls as dollar and yields climb, inflation pressures hover
Despite being an inflation hedge, gold struggles in an elevated interest rate environment. Gold eased on Thursday, pressured by a stronger U.S. dollar and high
Beyond borders, within societies: Inequality and the global transmission of US monetary policy
Understanding how US monetary policy is transmitted to foreign economies has long been a challenge for policymakers and researchers. This column shows that the domestic
Why liquidity evaporates when it is most needed
A common feature of flash crash episodes in financial markets is that liquidity vanishes precisely when it is most needed. This column argues that this
Showing up in the Alps: The economic value of Davos
Attending the World Economic Forum in Davos is costly, with estimates ranging between $20,000 and $70,000 per delegate. This column uses data on attendees from
FDI and growth in the age of global value chains
Existing evidence indicates that foreign direct investment promotes growth only when host economies have the human capital and deep financial markets to absorb spillovers. This
Northern insights: Measuring geopolitical risk through Finnish news media
Much of what we know about geopolitical risk is filtered through a narrow informational lens of global English-language media. This column constructs a geopolitical risk
Supply shocks and inflation: Timely insights from financial markets
Determining the drivers of inflation in real time is a central challenge for central banks. This column introduces a new financial markets-based model to identify
Gold rises more than 1% on risk-off mood, dollar pause
Non-yielding gold tends to do well in a low-interest-rate environment and during times of economic uncertainty. Gold prices gained more than 1% on Wednesday, with
Dollar rallies as US shutdown drags on, weighing on confidence
The dollar index, which measures the greenback’s strength against a basket of six currencies, rose 0.3% to as much as 98.91 The U.S. dollar rose
Dollar dominance and the Trump administration
There is general agreement that a currency’s safe-haven status can be gauged by its response to changes in financial volatility. This column documents how, in
