Paper links loss of hours worked to inequality, with recessions causing a negative ratchet effect
Unemployment rate declined to 13.3% from 14.7% in April, despite widespread fears it would rise
Research from University of California says natural rate could take decades to return to normal
Alvin Hilaire says improvement still required despite recent increase in productivity
Measurement problems may account for less income seeming to flow to workers, authors say
As climate-related risks to the financial sector become increasingly understood, central banks are demonstrating their willingness to develop capabilities to analyse the impact and modify their policies. A new survey indicates a watershed for central…
Insight and perspectives from the world's leaders, premier policy-makers and financiers
Located at the start of the Maritime Silk Road, the Guangdong–Hong Kong–Macau Greater Bay Area seeks to harness advanced technology and green finance to catch up with the economically advanced bay areas of New York, San Francisco and Tokyo.
The past 40 years have seen China transform from a recipient of global aid to a major economic centre in its own right. China is now seeking to deepen its markets, gradually open its borders to global financial flows, and promote new and innovative forms…
Former PBoC deputy Li Dongrong explains how financial technology can aid sustainable growth
Over the past five years, China has invested more than $70 billion in Belt and Road Initiative (BRI) countries, of which there are now in excess of 100. Leading Chinese and international policy-makers explain how BRI efforts are progressing. This section…
Reform of the financial system that brought about the 2007–08 financial crisis has not gone far enough and advanced and emerging market economies must find a more co-operative way forward to ensure globalisation can continue.
Multilateral rules and multilateral bodies will need to be upgraded in the coming years to better represent the shift in economic gravity towards Asia, which has emerged as the largest contributor to global growth during the past decade.
Nominal GDP targeting can “repair” distortions from credit market frictions, authors find
Technology and globalisation have hit wages of less skilled urban workers, says David Autor
Katrín Ólafsdóttir, MPC member at the Central Bank of Iceland, says equal pay certification will encourage women to enter the economics profession
But slowdown in labour productivity began eight years before fall in technology use – researchers
Central bank files complaint amid concerns new law could threaten independence
Non-EU immigrants have higher mobility than Europeans moving between countries – researchers
Unemployment forecasts are not too good to be true, Fed chairman argues
Harvard economist says gains from trade may not outweigh redistributive problems
With regulators leveraging technological innovations to move towards informed, data‑driven decision‑making and automation, supervisory technology is attracting enhanced interest. Kimmo Soramäki and Phillip Straley examine how regulators are gaining…
Methodological innovation helps solve data-quality issues, author says
Economic slowdown in Q1 was not due to the economic climate, BoE governor says