One global shock, many inflation paths: Inflation persistence after the Great Moderation
The post-COVID inflation surge was global, but inflation persistence was not. This column argues that the key difference lies in how strongly external shocks fed
US consumer savings from shale gas
Shale gas was initially hailed as a “revolution”, but the vast amounts of US natural gas production made possible by hydraulic fracturing and what this
Climate change mitigation pathway: The 24-hour economy
It is increasingly perceived as an integrated sustainability solution for transforming how global cities function. As the sun soars and global cities set record temperatures,
Green hydrogen retreat poses threat to emissions targets
Green hydrogen developers are cancelling projects and trimming investments around the world, raising the prospect of longer than targeted reliance on fossil fuels. The challenges facing the
How the SS Great Britain overcame the tyranny of distance
The transition from sail to steam power for cargo and passenger shipping to Australia lagged behind the North Atlantic by nearly two decades. This column
The state of globalisation: A new eBook
Three forces have always shaped globalisation – technology, policies, and geopolitics. What distinguishes the current moment is that all three are accelerating simultaneously but in
Public transit access and income segregation
Low-income households in US cities tend to be segregated in low-opportunity neighbourhoods with worse access to good schools and desirable urban amenities. Public transportation is
