Competitiveness and opportunities for European clean tech
EU green value chains are losing competitiveness, but strong regional specialisation means support should target regions with the best industrial fit. The European Union is
When Wall Street drifts from Main Street: Consumption as an anchor for stock prices
Debate over whether buoyant equity markets reflect durable economic gains or a widening gap between Wall Street and Main Street has intensified with the AI
Australia says OpenAI agent hacked government website, checks for more breaches
– Australia said on Thursday an OpenAI agent breached a government health data portal in June, gaining unauthorised access to files, in what could be
Anatomy of a rise: Monetary policy and the post-Covid surge in long-term interest rates
The sharp rise in long-term interest rates since 2020 is difficult to explain from slow-moving fundamentals. This column shows that narrow windows around nonfarm payroll
AI’s gains are large and rising, but unevenly shared
How large is the labour cost saved by AI, and how is it distributed across occupations? Using five waves of the Anthropic Economic Index from
Firms slice up global production to protect their knowhow
Imitation is a first-order concern for enterprises operating global production processes. Firms routinely source knowledge-intensive inputs from many countries, including those with weak intellectual property
How the rise of AI matters for fiscal policy
Predictions of the effects of AI on the economy and society tend to focus on productivity growth, job losses, and shifts in the distribution of
The origins of the multinational premium: Managerial talent, firm risk, and corporate taxation
Multinational firms tend to earn higher stock returns than purely domestic firms, raising questions about what drives their differential exposure to aggregate risk. This column
Baby busts and GDP booms: Demographic change and the macroeconomy
Globally declining birth rates have, over the last seven decades, slowed population growth and raised average ages. This column argues that despite widespread economic pessimism,
Dividend tax reforms: Why design shapes revenue and measured inequality
Governments increasingly look to capital income for both revenue and redistribution. This column compares two dividend tax reforms in Israel – a permanent rate increase
