Industrial policy lessons from East Germany’s privatisation

There has been renewed interest in industrial policy as a tool to reshape the structure of economic activity, but little evidence exists on the successful

Home charging and plug-in hybrid electric vehicles: A strategy for real-world emissions reductions

Plug-in hybrid electric vehicles can use either fossil fuels or electricity and offer potential emission reductions, depending on the driver’s usage. This column examines how

Leveraging strategic grain reserves to enhance food security

Global hunger and malnutrition are rising again after decades of progress. In 2024, 343 million people across 74 countries faced acute food insecurity—driven by the

Redirecting Chinese exports from the US: Evidence on trade deflection from the first US-China trade war

With the prospect of far-reaching decoupling of goods trade between China and the US, fears of deflection of Chinese exports to third markets have returned.

Before banks: Historical lessons for rethinking credit

The global financial crisis of 2008 has led economists, historians, and policymakers alike to re-examine the foundations of our financial infrastructure. This column revisits the