The leading challenges facing central bankers
Monetary policy is being eased as inflation falls. Christopher Waller considers the geopolitical risks that will remain a challenge for central bankers in 2025
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Author: Op-ed
What roles should the private sector and the Fed play in payments?
The Federal Reserve should play a minimal, supportive role in payments infrastructure, letting the private sector take the lead, Christopher Waller argues
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Quantum computing and the financial system
Quantum computers may have a profound impact on the financial system. Raphael Auer, Angela Dupont, Leonardo Gambacorta, Joon Suk Park, Koji Takahashi, and Andras Valko explore the transformative potential to the financial system, including the potential benefits as well as the main risks
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Carbon leakage through firms’ supply chain adaptation
Carbon taxes incentivise substitution toward cleaner energy. Pierre Coster, Julian Di Giovanni and Isabelle Mejean discuss carbon leakage in the context of European policies
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Labour market transitions in a greener economy
The transition to a greener economy will entail reallocating workers from high-polluting to ‘green’ jobs. Emilia Soldani, Maxime Nguyen, Tomomi Tanaka and Orsetta Causa investigate the role of structural and policy factors in the transition
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The one-in-a-thousand-day problem
Financial crises usually inflict the most damage when banks suddenly shift from pursuing profits to survival. Jon Danielsson argues that this can’t be regulated away
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Chinese-backed African industrialisation
Chinese lending to African countries has surged. Vito Amendolagine, Andrea Presbitero and Roberta Rabellotti argue that Chinese lending may contribute to export growth and enhanced productivity in African countries
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Rethinking social networking
It’s time for the EU to rethink personal social networking. Fiona Scott Morton explores the potential implementation of Article 7 interoperability for social networking core platform systems
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Overcoming the challenges of ageing
Populations worldwide are growing older. Rainer Kotschy, David Bloom and Andrew Scott argue for improvements in how ageing is measured and how it affects people and the economy to overcome the challenges posed by population ageing
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Climate change and conflict
Climate is increasingly linked to human conflict. Marshall Burke, Solomon Hsiang and Edward Miguel consider the literature and argue for policies like a robust social safety net and political inclusion to ensure a more peaceful future
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