Productivity slowdown in construction has contributed 30% of slowdown since 1950s, researchers find
Central bank models fail to appreciate demand-side secular stagnation
Shift to lower inflation targets would help central banks escape forever-loose monetary policy, writes former IMF chief Jacques de Larosière
Luiz Pereira da Silva and co-authors say “snapback” unlikely, given changing labour markets
Governor says fiscal policy must seek to boost living standards while maintaining discipline
Study draws on newly developed survey of decision-makers at UK firms
Haruhiko Kuroda explains how Japan’s long battle against deflation may offer insights for others
But informal employment and inequality remain high, researcher says
Changing risk perceptions explain growing wedge between safe and risky assets, 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…
Weak investment in capital could exacerbate UK’s productivity woes, deputy says
Over the past decade, the financial crisis, globalisation and technological changes have driven uncertainty and brought about drastic changes for central banks. Vermeg‘s Yamen Bousrih explores the importance of having a consolidated, coherent and…
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…
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.
Riksbank survey finds major companies do not see signs of imminent recession
Daniel Sichel defends GDP as a measure of production, but says it is not enough on its own
EU needs insolvency reform to reduce proportion of uncompetitive firms, researchers argue
Low rates may end up discouraging investment across the economy, authors say
System for compiling statistics is dated and overly complex, authors say
But slowdown in labour productivity began eight years before fall in technology use – researchers