How institutions interact with exchange rates after the 2024 US presidential election
Within minutes of the result of the 2024 US presidential election becoming clear, it triggered a global tremor in currency markets. This column investigates how
The financial sector and global dollar system
The current US administration’s approach to financial markets and institutions mixes familiar deregulatory policies with a range of other policies that are largely without precedent.
Industrial policy and retaliatory protection under the WTO: Lessons from China
Industrial policy is increasingly implemented worldwide, with many policymakers and researchers highlighting its benefits. However, the cost of industrial policy remains less understood. Using Chinese
Chat Bankman-Fried: An experiment on LLM ethics in finance
As large language models gain traction, it is important to ensure that decisions delegated to them comply with ethical and legal principles. This column reports
From battlefield to market: How disruptions in Ukraine affected grain price trends
Commodity price spikes at the outset of Russia’s full-scale invasion of Ukraine contributed significantly to global inflation in 2022-23, which caught many policymakers off guard
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
Information and the labour market
Workers often remain in their jobs even when they know they may get higher wages elsewhere, raising questions about the effectiveness of pay transparency laws.
When beliefs shape policy outcomes: Lessons from preferential college admissions in Chile
Preferential college admission is gaining traction worldwide as a means to address inequality in higher education, drawing greater attention to the design of such policies.
Adjusting productivity for carbon emissions: A new perspective on the growth slowdown
Productivity growth has been lacklustre over the past 20 years in most advanced economies. But standard productivity measures ignore the progress that some economies have
Revisiting the consequences of job displacement
Decades of research have confirmed that job displacement causes significant and persistent earnings losses. This column presents new evidence from workers displaced during firm closures
