Fed communication for all – but understood by few
Central banks use communication to influence inflation expectations, with varying effectiveness. This column examines how professional forecasters and households respond to inflationary pressure warnings in
Radical novelties in critical technologies and spillovers: how do China, the US and the EU fare?
Critical technologies including artificial intelligence, semiconductors and quantum computing are attracting attention because of their indispensable nature and their role in national security strategies. We
Chinese banks and their EMDE borrowers
Although Chinese banks have remained the top lenders to emerging markets and developing economies (EMDEs), their growth has slowed and their lending patterns have changed
How much research talent could Europe grab from the US?
The policies of the Trump administration have put the research environment in the United States under pressure. Public research funding cuts, hostility towards academic freedom,
Human capital formation as a key component in Europe’s defence build-up
Government spending on defence, particularly defence R&D, can have significant economic spillovers. This column argues that the forthcoming European defence build-up must include a long-term
Exchange rate uncertainty, tariff hikes, and adjustment costs
The recent shift in trade policy by the new US administration is impacting global trade and creating volatility in financial markets. This column quantifies the
Recent trade policy actions: Insights from multiple models
Recent tariff measures by the US and countermeasures by its trading partners have dominated global policy debates. Using three economic models, this column shows how
Big news missing the big picture: Stock market performance in the news
The performance of stock markets often appears worse in the daily news than it actually is. This column argues that this negative news bias arises
Working from home boosted growth by expanding disability employment
Individuals with a disability have remarkably low employment rates compared to the rest of the population. This column examines whether the rapid rise in the
Gold rises as Fed flags economic uncertainty; Sino-US trade talks in focus
Gold climbed on Thursday after the Federal Reserve warned of rising inflation and labor market risks fuelling economic uncertainty, while investors awaited the outcome of
