Who supplies and demands safe assets – and why it matters

Safe assets are the building blocks of modern financial markets. This column examines the sectoral dynamics of safe assets across advanced economies since the 1980s.
The local effects of artificial intelligence labour investments: Evidence from the municipal bond market

The long-term effects of artificial intelligence are still unknown, as productivity benefits may be compromised by unintended costs. This column assesses the local effects of
Homeowners care about inflation, renters less so

Consumers have vastly different views about inflation – shaped by personal experience, financial literacy, and exposure to economic news. This column examines how consumers’ housing

