COVID-19’s economic impact on low-income countries: preparing for the next shock
COVID-19 hit low-income exporters hard, exposing risks from weak diversification and straining trade, supply systems and financial stability. The COVID-19 pandemic sent shockwaves through global
Strategic autonomy for Europe requires economic growth
The current US administration’s willingness to weaponise trade makes clear that transatlantic economic relations have become entirely transactional. This column, taken from a CEPR book
The Chinese economy: stimulus without rebalancing
China’s growth model has continued to rely on expanding industrial capacity and exporting to the world, rather than on domestic consumption. This has lead to
The Federal Reserve, the new administration, and the outlook for the economy and monetary policy
The new US administration has made the Federal Reserve’s monetary policymaking more complicated both because of the elevated uncertainty regarding administration policies and because of
Why the oil market is tight despite big OPEC+ output hikes
OPEC+ oil producers have used high summer demand to launch their first output increases in three years, but those targets have proved difficult to hit,
Unintended consequences of lockdowns: Evidence on violence against women
Violence against women intensified under COVID-19 lockdowns. The most rigorous literature evaluating the impact of stay-at-home measures, job loss, and social isolation on various forms
World Hepatitis Day: What the data reveal about global gaps in immunization
An estimated 254 million people (approximately 3 in 100) lived with chronic hepatitis B in 2022, a virus which causes inflammation of the liver and
Building debt transparency and resilience across East Asia and the Pacific
As the world continues to emerge from the COVID-19 pandemic and its aftermath, countries face new and unexpected challenges. Elevated debt levels, persistent inflation, and
Rethinking social protection sustainability: What people want (and don’t want)
Population ageing makes it harder for governments to finance programmes like public pensions and long-term care. But policy responses, such as tightening programme eligibility and
Anatomy of the Phillips curve
The Phillips curve describes the relationship between inflation and real economic activity over the business cycle. This column challenges the notion that the Phillips curve
