Swedish household debt is not too high: Look at solvency and liquidity, not debt to income
The Swedish authorities and international organisations often claim that household debt poses a threat to financial and macroeconomic stability, with reference to a high debt-to-income
The missing link: Why economic policy needs organisational economics
Europe faces slowing growth, ageing populations, and structural shifts. This column discusses how organisational economics can illuminate the impact of structural forces on Europe and
The Great Divergence and the Great Reversal: A new approach to global economic history
The starkly different paths of economic and institutional development followed by China and the West is often attributed largely to the Industrial Revolution. This column
Bank climate commitments and green lending in emerging markets
The low-carbon transition requires substantial financial mobilisation, yet it is unclear whether banks’ public climate commitments represent real change or simply greenwashing. This column uses
Task-based returns to generative AI: Evidence from a central bank
How does generative AI affect real workplace productivity? This column reports results from an experiment at the National Bank of Slovakia, where staff were randomly
How the SS Great Britain overcame the tyranny of distance
The transition from sail to steam power for cargo and passenger shipping to Australia lagged behind the North Atlantic by nearly two decades. This column
