Sovereigns on thinning ice: debt sustainability, climate impacts and adaptation
A fundamental problem for sovereigns enacting climate policies is whether they can manage increasing debts as their economies suffer from adverse climate impacts. We develop
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
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
The unequal costs of carbon pricing in European regions
Carbon pricing has become a central tool in Europe’s strategy to mitigate climate change. This column presents new evidence on the impact of carbon pricing
Dollar steadies ahead of a string of macro litmus tests
It is down more than 4% on both the euro and the yen through April, though bounced at the end of last week on an
The rise of China as an international lender
In the past decade, China has become the largest creditor to developing countries, surpassing the IMF, World Bank, and Paris Club countries. This column discusses
Who supplies and demands safe assets – and why it matters
Safe assets are the building blocks of modern financial markets. This column examines the sectoral dynamics of safe assets across advanced economies since the 1980s.
Who supplies and demands safe assets – and why it matters
21 Apr 2025 Safe assets are the building blocks of modern financial markets. This column examines the sectoral dynamics of safe assets across advanced economies
