Generative AI in German firms: Diffusion, costs, and expected economic effects
The novelty and speed of diffusion of generative AI means that evidence on its impact on productivity and the future of work is scarce. This
Europe’s public finances in a warming world
Climate change is increasingly shaping macro-fiscal outlooks. Extreme weather events, chronic damages from global warming, and decarbonisation efforts all have growing implications for public finances
FDI and growth in the age of global value chains
Existing evidence indicates that foreign direct investment promotes growth only when host economies have the human capital and deep financial markets to absorb spillovers. This
An analysis of the EU telecom sector’s ability to remunerate its cost of capital
The EU’s digital economy relies on investments by the telecoms industry to keep the bloc at the forefront of digital innovation and connectivity. However, the
The limited effects of regulating greenwashing: Evidence from Europe’s Sustainable Finance Disclosure Regulation
Disclosure-based regulation is often seen as a low-cost way to address greenwashing. This column uses European mutual fund data to assess the impact of the
You only live twice: A growth strategy for Ukraine
Between regaining independence in 1991 and the Russian invasion in 2022, Ukraine went from being on par with the more prosperous economies of the former
Bonds bonanza: Region’s issuers front-load deals amid rising uncertainty
Iran is one among many global uncertainties that could cause spreads to widen sharply. Saudi Arabia and the UAE led a wave of regional entities
Global economy set for 2.7% growth; trade tensions cloud outlook
Policymakers face an increasingly complex inflation landscape, where supply risks call for a more coordinated and forward-looking approach. Global economic output is forecast to grow
When the cloud meets a thirsty world
Throughout history, water has been the quiet engine behind progress: farmers irrigate fields to grow crops; industry needs it to produce goods and generate energy;
Demystifying trade patterns in a fragmenting world
It has been argued that ‘connector’ countries can benefit from trade tensions by bridging the gap between trade blocs. This column examines trade flows of
