Digital banks, social media, and the competition for deposits

The rapid digitalisation of banking and the widespread use of social media are transforming competition for retail deposits. Using US branch-level data, this column shows

Mapping the world’s building regulations: new platform for smarter reforms

Every year, the world adds floor space equivalent to a city the size of Paris roughly every five days. Most of that construction happens in

Making sense of conflicting labour market signals

Can policymakers rely on traditional labour market indicators when unemployment, vacancies, wages, and payroll growth appear to send conflicting signals? This column presents a new

Market-implied inflation expectations during the Iran shock

Real-time assessments of inflation expectations can be valuable for assessing the inflation outlook. This column decomposes inflation swaps for the US, UK, and euro area