Generative AI: Uneven adoption, labour market returns, and policy implications
Generative AI is being adopted more rapidly than previous digital technologies and has the potential to deliver meaningful productivity gains in professional tasks, raising concerns
The hidden costs of China’s industrial policy
China uses a wide array of industrial policies, such as subsidies and regulations, to promote strategic economic sectors. This column estimates that the equivalent fiscal
Lessons from Denmark’s eight-hour workday reform
In recent years, calls for shorter working weeks have re-emerged in Europe and elsewhere. This column examines how Denmark’s 1919 shift to the eight-hour workday
Spending smarter: A powerful growth strategy
With high public debt and weak medium-term growth, finance ministries seek to do more with less. This column argues that efficiency gaps in public spending
Data, power and emissions: How AI’s growth may slow down the green transition
AI and other data-intensive technologies may help optimise energy use, but the technologies themselves are power hungry. This column explores how the diffusion of AI
Insuring labour income shocks: The role of the dynasty
Beyond government and market-based insurance, the family remains a key institution for coping with economic risk. This column uses detailed Norwegian data to study how
Political polarisation drives talent away: Evidence from Spain’s health sector
Given the growing prevalence of political and social polarisation, understanding its effects on society is of paramount importance. This column discusses the effects of an
How tariffs hurt the ones you love
US stock markets fell in response to the announcement of President Trump’s “Liberation Day” tariffs until the tariffs were paused a few days later. This
Leading firms are falling behind in developing East Asia
For decades, East Asia has been a paragon of economic dynamism. But today, in an era of rapid global technological advances, productivity growth in the
Coffee beans meet green rules: Reconciling climate and development goals
The average resident of the European Union spends €150 annually on coffee, a small price for what many consider one of life’s necessities. This morning
