What Does the Market Really Think About AI? by Isaiah Andrews, Maryam Farboodi published by Project Syndicate (10/2025) Despite all the enthusiasm for AI, which has undoubtedly demonstrated impressive capabilities, the signal from bond markets suggests that investors are…
The Perils of Economic Centrism in a Polarized World by Kenneth Rogoff published by Project Syndicate (10/2025). Few ideas in economics have been as misrepresented as the link between debt and growth. More than a decade ago, a prominent…
Artificial Intelligence Can Make Markets More Efficient—and More Volatile by Nassira Abbas, Charles Cohen, Dirk Jan Grolleman, Benjamin Mosk published by IMF/Blog (10/2025). “AI-driven trading could lead to faster and more efficient markets, but also higher trading volumes and greater volatility in times…
Growth of Nonbanks is Revealing New Financial Stability Risks by Tobias Adrian published by IMF/ Blog (10/2025). Policymakers should strengthen oversight of nonbank financial intermediaries, whose increasing interconnectedness with banks could exacerbate adverse shocks. https://abre.ai/nUnE
Commodity-driven Macroeconomic Fluctuations: Does Size Matter? by Patricia Gomez-Gonzalez, Maximiliano Jerez-Osses, Vida Maver, Jorge Miranda-Pinto, Jean-Marc Natal published by IMF (10/2025). Commodities play a central yet often underappreciated role in shaping macroeconomic fluctuations across both advanced economies (AEs) and…
Sustained growth through creative destruction: Nobel laureates Philippe Aghion and Peter Howitt by Peter J. Klenow published by VOXEU(10/2025). Philippe Aghion and Peter Howitt have been jointly awarded the 2025 Nobel Prize in Economic Sciences with Joel Mokyr ‘for having…
The impact of interest: How loan rates shape firm investment by Lea Best , Benjamin Born, Manuel Menkhoff published by VOXEU (10/2025). Monetary policy moves aggregate investment, but the underlying drivers remain unclear. This column opens the black box with a…
Monetary policy for the green transition by Luca Fornaro, Veronica Guerrieri and Lucrezia Reichlin published by BIS (9/2025). This report explores the interplay between monetary policy and investments in clean and dirty technologies, contributing to the underexplored macroeconomic dynamics…
Technology Solutions to Support Central Bank Digital Currency with Limited Connectivity: A Review of Existing Approaches by Hervé Tourpe, John Kiff, Majid Malaika, Chris Ostrowski published by IMF (8/2025). This note explores the implementation of central bank digital currencies…
The VAT Paradox in Resource Dependent Economies by Rabah Arezki, Frederick Van Der Ploeg, Gregoire Rota-Graziosi, Văn Đạo Lê published by CESifo (6/2025). The introduction of the Value Added Tax (VAT) has been widely perceived as a successful instrument,…
