Putting debt-strapped countries on a sustainable path
A paradox is unfolding across developing economies. On the bright side, inflation is finally abating. The oppressive interest rates of the last five years are
The economics of the second Trump administration
As soon as he took office for the second time, Donald Trump made it clear that there would be dramatic changes in US government policy.
Dollar set for biggest weekly fall in four months, Fed path in focus
Dollar on defensive before Thanksgiving, Fed December cut eyed. The dollar was drifting toward its largest weekly drop in four months on Thursday as trade
Gold holds steady as Fed rate cut bets offset dollar strength
Traders see 75% chance of US interest rate cut next month. Gold prices held steady on Monday, as growing expectations of a Federal Reserve rate
Continued growth despite a challenging environment: The Commission’s Autumn 2025 Forecast
The EU economy grew stronger than expected in recent quarters and all member states are set to return to growth in 2025. Modest but steady
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
Navigating the 2022 inflation surge: Lessons for monetary policy frameworks
The 2022 global inflation surge tested inflation-targeting frameworks under severe supply shocks. This column shows that, despite earlier and sharper tightening, inflation targeting central banks
Dollar index at three-month high, testing top of recent range
The yen was at 154.1 per dollar, languishing near an 8-1/2-month low, pressured by wide interest rate differentials. The dollar hovered near a three-month high
When debt perceptions shape fiscal futures
Voters fear debt, but they do not understand it. Using data across 13 countries, this column shows that most people dramatically misjudge debt levels and
The lasting economic scars of war
Wars leave deep and lasting scars on economies. Using data for 115 conflicts across 145 countries over the past 75 years, this column documents large
