Digitalisation and credit markets: Evidence from eInvoicing
Governments around the world are increasingly mandating the digitalisation of business records, yet little is known about the effects of these policies beyond tax compliance.
Alphabet raises $3.9 billion in inaugural Australian dollar bond
Alphabet has raised A$5.5 billion ($3.89 billion) via its inaugural Australian dollar debt issuance, according to a term sheet seen by Reuters, adding to the hectic
Oil gains on Middle East supply concerns amid impasse in US-Iran war
Oil prices climbed on Thursday on concerns the impasse in the U.S.-Israeli war against Iran will continue to disrupt supply from the key Middle Eastern
Commodity wealth demands a fiscal balancing act
Commodity booms are easy to celebrate but hard to manage. For resource-rich economies, commodity windfalls—if managed well—can finance investment, strengthen public finances and lift growth
Europe’s productivity is more dynamic than aggregate statistics suggest
Aggregate productivity growth in Europe has disappointed over the last two decades, fuelling concerns about competitiveness. This column argues that firm-level evidence points to a
Industrial policy in complementary markets: Lessons from India’s 4G rollout
Governments increasingly use protection and targeted subsidies to promote domestic firms. These policies are usually evaluated in the market they target. This column uses India’s
Firms slice up global production to protect their knowhow
Imitation is a first-order concern for enterprises operating global production processes. Firms routinely source knowledge-intensive inputs from many countries, including those with weak intellectual property
Quantifying the China discourse
Policy narratives in the US on China have undergone a dramatic transformation in recent years. This column draws on various kinds of public records and
The exorbitant privilege of the periodic table
Trade in critical metals essential for electrification has become centred on China over the last three decades. This column introduces a new framework in which
AI feedback loops and the conditions for explosive growth
If frontier AI models can be used to develop their next models, this may lead to an ‘intelligence explosion’ and give a large boost to
