Three forces have always shaped globalisation – technology, policies, and geopolitics. What distinguishes the current moment is that all three are accelerating simultaneously but in different directions. This column introduces a new eBook showing how this divergent acceleration creates transformation rather than retreat from globalisation. But it also generates acute tension between rapidly changing economic […]
Student use of artificial intelligence is reshaping learning and redefining the skills of future workers. This column examines the impact of generative AI tools on academic performance at an Israeli university. Using data from more and less AI-compatible courses, before and after the introduction of ChatGPT, the authors show that AI raises grades – especially […]
A widely cited argument in favour of easing employment protection rules is that greater flexibility in hiring and firing can lead to increased job matching efficiency and productivity, but this may come at a cost for certain groups of workers. This column examines the impact of the 2012 ‘Fornero Reform’ in Italy, which lowered the […]
The major turbulence being experienced by the world economy could lead to a global recession and the collapse of the norms and institutions that have been critical for stability and economic development since the Second World War. In particular, the United States has adopted a level of tariff protection last seen in the 1930s and […]
A fundamental problem for sovereigns enacting climate policies is whether they can manage increasing debts as their economies suffer from adverse climate impacts. We develop stochastic debt sustainability analysis integrating a coupled climate-economy model with debt financing scenario optimisation, and stress test sovereign debt for representative countries globally under the Intergovernmental Panel on Climate Change […]
