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Global Business and Finance Magazine > Blog > government
Finance Banking Featured World

The macroeconomic effects of introducing a central bank digital currency

Central bank digital currencies are gaining traction as a potential innovation in central banking, with numerous countries considering their implementation. However, given the limited real-world experience with such currencies, researchers and policymakers depend on theoretical analysis to assess their potential. This column presents a new macroeconomic model that reveals significant welfare gains from introducing central […]

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Economy Featured Finance Technology

The Grexit debate ten years on: What we have learned

This week ten years ago, Greece was on the brink of exiting the euro. The integrity of the currency union was again in jeopardy after the crisis of 2010-12. This column reflects on how political responsibility (including the determination of the Greek people to remain in the euro area), institutional determination, and behind-the-scenes arm-twisting eventually […]

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Business Featured Finance News World

The market implications of industrial subsidies

Governments are increasingly employing industrial subsidies, raising questions about their market implications. This column undertakes a thorough econometric testing of the causal impacts of subsidies on several firm performance indicators for large manufacturing companies. The authors find that subsidies increase firms’ market shares but have either no impact, or a negative impact on investment and […]

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Environment Featured News World

Powering the energy future of Europe and Central Asia

The prosperity and economic transformation of Europe and Central Asia (ECA) hinge on making energy reliable and affordable for all.  Across the region, many countries  are prioritizing  energy efficiency and renewable energy as part of their development strategies —not only to strengthen energy security, but also to create jobs, foster innovation, and lower costs. Renewables […]

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Economy Business Featured Finance

Keeping an eye on budgetary forecasts: The new Forecast Tracker of the Secretariat of the European Fiscal Board

Forecasts underpinning budgetary plans have a well-documented impact on fiscal performance especially when policymakers view the world through rosy lenses. Combined with inertia in the implementation phase, optimism contributes to a possible deficit bias and the accumulation of government debt. This column introduces the new Forecast Tracker of the Secretariat of the European Fiscal Board, […]

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Gender Featured Lifestyle World

Default to mum: How institutions quietly shape gender roles in parenting

Mothers continue to shoulder the majority of childcare responsibilities even in dual-earner households, contributing to gender gaps in earnings, labour force participation, and career advancement. This column uses an experiment targeting over 80,000 US school principals to show that when a school needs to contact a parent, the mother is 1.4 times more likely than […]

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Finance Banking Business Featured

Micro and macro cost-price dynamics in normal times and during inflation surges

Recent evolutions in US attitudes and policies have raised questions about the future of the dollar’s role in the global economy. This column explores a hypothetical scenario in which the world is deprived of the dollar as its global safe asset. In such a world, interest rates would be higher and more volatile. Liquidity would […]

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World Business Featured Finance

Japan to raise foreign direct investment target to $1trln by mid-2030s, sources say

The new targets, to be formally included in the government’s upcoming fiscal and economic policy guidelines in June, represent a sharp escalation from the previous goal of 100 trillion yen by 2030 Japan is set to raise its 2030 foreign direct investment target by 20% and push the figure as high as 150 trillion yen […]

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Economy Featured Finance News

Fiscal stagnation

Public debt-to-GDP ratios have climbed to historic highs in most advanced economies. This column studies the connection between productivity growth, fiscal policy, and public debt. Using a theoretical model, it argues that a feedback loop is possible between fiscal policy and growth. Large primary surpluses are associated with fiscal distortions which depress investment and productivity […]

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tax Banking Featured trade World

Bridging the gap: revenue mobilization in South Asia

South Asia is grappling with significant fiscal challenges that affect its governments’ ability to provide essential public services. Although its tax rates are often higher than average, the region struggles with low tax revenues. This blog explores the reasons behind these low revenues and discusses potential solutions to bridge the revenue gap and strengthen South […]

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