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Innovation Economy Featured Productivity World

Assessment of disruptive innovation in science and technology policy: Insights from meta-science research trends

Technological innovation, including disruptive innovation, is a driving force for economic growth and social change, but early identification of such technologies and assessments of their impact are challenging. This column introduces recent approaches to identifying innovative and disruptive technologies from academic literature, with an application to Japanese research. The methods can help allow policymakers to […]

Economy Banking Featured News World

Macroprudential policy for banks: Build the countercyclical capital buffer when there is headroom for doing so

Numerous central banks started to build the countercyclical capital buffer as bank profitability began to soar during the recent tightening cycle. Recent evidence suggests that building the buffer when there is headroom for doing so does not harm lending in the short-term and tends to increase it at longer horizons. This column proposes a quantitative […]

Climate Energy Featured News World

Implementing the EU Nature Restoration Law: exploring pathways for member states

The European Union Nature Restoration Law (NRL) entered into force in 2024. The NRL sets quantitative restoration targets aimed at improving natural habitats that are currently in poor condition, with substantial leeway for countries to choose implementation pathways that fit their priorities. This Working Paper examines three pathways: (1) evenly spreading restoration efforts across all […]