Why some digital payment systems replace cash and others don’t
Digital payment systems promise to extend financial services to people underserved by banks, and overcoming barriers to the adoption of such systems is thus central
Market-implied inflation expectations during the Iran shock
Real-time assessments of inflation expectations can be valuable for assessing the inflation outlook. This column decomposes inflation swaps for the US, UK, and euro area
The early takeoff of space innovation
The conventional account of US space sector transformation credits the post-2005 entry of SpaceX, Blue Origin, and other commercial firms with revitalising a stagnant industry.
Europe suffers not so much from a ‘flight’ of savings as from insufficient allocation to equities
Europe exports a large surplus of savings outside the continent each year. This column argues that this should not be interpreted as a capital ‘flight’:
The word is not enough: Testing the effects of information treatments on perceived corruption in Ukraine
Despite significant progress in fighting corruption since 2014, corruption perceptions in Ukraine are extremely high, while the government’s willingness to fight it is seen as
Availability, accessibility, affordability of quality food are vital for food security, says FAO
The Director-General emphasised that the “Four Levels of Food” provide a crucial roadmap for enhancing food security. However, he noted that implementation requires systemic coherence.
Hungary has room to streamline public spending without hurting growth
Cutting some state operating and economic spending to the average of its regional peers could save Hungary more than four percent of GDP. Hungary’s new
A plan to revitalise the World Trade Organization
Saving the WTO will require EU-led alliances, better subsidy disciplines and new plurilateral routes, even if some initiatives sit outside the WTO. The World Trade
Faced with global shocks, protect investments that drive growth and jobs
The global economy is entering another period of heightened stress. Geopolitical tensions, policy uncertainty, climate risks, and rapid technological change are making policy decisions more
The impact of emissions trading systems on manufacturing installation productivity: Evidence from Japan
Emissions trading systems have been widely studied globally, but less attention has been paid to their impacts on the productivity of the regulated facilities. This
