The factors which facilitated low average inflation for decades have started to reverse. Hassan Afrouzi, Marina Halac, Kenneth Rogoff and Pierre Yared argue that the growing tensions between central banks and politicians will have negative consequences for economic activity
Changing central bank pressures and inflation Read More »
The Western Balkan countries are moving towards European Union accession. Armin Steinbach examines the obstacles and lessons from the Eastern Partnership
The rocky road to European Union accession Read More »
The WTO e-commerce moratorium has been renewed. Andrea Andrenelli and Javier López González explore the different issues around the moratorium debate
Understanding the scope, definition, and impact of the WTO e-commerce moratorium Read More »
The threats of geoeconomic fragmentation have accelerated in recent years. Alessandro D’Orazio, Fabrizio Ferriani and Andrea Gazzani introduce a novel firm-level revenue-weighted geopolitical risk index
Geoeconomic fragmentation and firms’ financial performance Read More »
Countries use their economic strength to achieve geopolitical goals. Christopher Clayton, Matteo Maggiori and Jesse Schreger present a novel framework to understand how a hegemon in the international system exerts its power within its economic network
A framework for geoeconomic power Read More »
Supply chains are vulnerable to disruptions. Julien Martin, Isabelle Mejean and Mathieu Parenti introduce a new measure of ‘relationship stickiness’ which quantifies these vulnerabilities
Relationship stickiness in international trade Read More »
Payments are a vital part of the global and interconnected financial ecosystem. Michelle Bowman considers the evolving payments landscape
Advancing crossborder payments and financial inclusion Read More »
Trade finance subsidies, usually provided by export credit agencies, are the predominant tool of industrial policy. Poorya Kabir, Adrien Matray, Karsten Müller and Chenzi Xu discuss the effect of the effective shutdown of the Export–Import Bank of the US (EXIM) from 2015—2019 on firm outcomes
The real effects of trade financing by export credit agencies Read More »
Chinese export dominance is no longer confined to low-wage sectors. Klaus Friesenbichler, Agnes Kügler and Andreas Reinstaller suggest a series of possible policy responses
Central banks have embarked on the largest and most synchronised global monetary policy tightening in a generation. Agustín Carstens reflects on the year ahead and the journey towards price stability
Where are we on the journey towards price stability? Read More »
