Ruling for the rich: Evidence of a pro-wealthy bias on the US Supreme Court
There have long been concerns that US Supreme Court decisions increasingly favour economic elites. This column analyses 1,782 cases from 1953 to 2022 to examine
Geopolitical risk and supply chain diversification
Geopolitical risks are reshaping global production, yet little is known about how firms reallocate their supply chains in response. Using parent-affiliate matched data on Japanese
Creating high-opportunity neighbourhoods: Evidence from the HOPE VI programme
Income segregation in the US has increased over the past four decades, restricting access to opportunity for many low-income families. This column reports on a
Why detours improve development outcomes
In Homer’s Odyssey, Odysseus does not reach home by following a flawless plan. His journey is defined by detours, storms, and course corrections. What matters is
Stablecoins and the exorbitant privilege of money creation
Payment stablecoins are set to become an important financial instrument. Their impact on the financial system will depend on whether the issuers can purchase assets
The US dollar: Not a traditional safe haven
Safe-haven currencies are generally understood to appreciate when risk sentiment deteriorates, providing investors with insurance. This column demonstrates that the US dollar differs from that
Winners and losers from remote work: How firm capabilities impact productivity
Work from home is now a permanent feature of how firms organise production, yet its effects on productivity remain unclear. Using new data covering all
India, UAE sign $3bln LNG deal, agree to boost trade and defence ties at leaders’ meeting
ADNOC Gas signs 10-year LNG deal with India’s HPCL. India signed a $3 billion deal on Monday to buy liquefied natural gas from the United
Electoral systems and immigration policies
Immigration has become one of the most salient issues in political debate. This column uses evidence from Italian municipal elections to highlight the role of
Stocks bide time before jobs report, tariff ruling
Brent futures rose 0.8% to $62.49 per barrel, while U.S. West Texas Intermediate (WTI) crude advanced 0.8% to $58.25. Asian stocks drifted lower and the
