Chat Bankman-Fried: An experiment on LLM ethics in finance
As large language models gain traction, it is important to ensure that decisions delegated to them comply with ethical and legal principles. This column reports
The making of a supply shock: Tariff propagation via domestic production networks
President Trump’s “Liberation Day” announcement triggered a discussion of whether import tariffs can reduce trade deficits or boost certain industries. This column develops a model,
Reconciling the European Union’s clean industrialisation goals with those of the Global South
Importing energy-intensive goods would be more efficient for EU clean industry goals than importing clean energy itself. Clean industrialisation is a political and economic priority
When supply shocks to essential inputs spur innovation: Lessons from the global rare earths disruption
Trade and industrial policies designed to support domestic industries can unintentionally kindle technological progress abroad. This column examines the case of rare earth elements –
