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
EU eases state aid rules to boost green projects, cut carbon footprint
Businesses will find it easier to get state aid for projects aimed at cutting their carbon emissions and to switch to green projects while heavy
State aid in times of crisis: Lessons from COVID-19 support for firms in Italy and Spain
The unprecedented wave of state aid to firms across the EU during the COVID-19 pandemic raised questions about who benefited and how effective these interventions
Three barriers to municipal finance—and how to overcome them to create jobs and growth
Cities in low- and middle-income countries are growing fast—but their ability to finance the infrastructure and services needed to support people and jobs is lagging behind. The
Transatlantic clean investment monitor 4: electric vehicles
Electric vehicles (EVs) have grown from a niche technology to a mainstream industry in the space of a little over a decade. EV deployment is
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
The trade imbalance network and currency fluctuations
In recent years, concerns over global financial fragmentation have grown amid rising geopolitical tensions. This column integrates a network structure in a multi-country model with
Chinese banks and their EMDE borrowers
Although Chinese banks have remained the top lenders to emerging markets and developing economies (EMDEs), their growth has slowed and their lending patterns have changed
Agreed and disagreed uncertainty: Rethinking the macroeconomic impact of uncertainty
The conventional wisdom is that uncertainty leads to economic contractions, but recent evidence challenges this assumption. This column introduces two novel concepts of uncertainty –
Taiwan foreign minister to visit Texas to boost trade ties
Taiwan’s foreign minister will visit the U.S. state of Texas to speak at a forum on artificial intelligence (AI) and promote business and trade ties,
