What economic lessons can Switzerland learn from the pandemic?

Deep learning is increasingly presented in economics as a new paradigm for solving dynamic models, superseding the classical projection methods of numerical economics. We argue that this dichotomy rests on a misclassification. The neural-network s...

On August 24, 2026, prosecutors in Taiwan charged nine people with illegally exporting advanced AI servers to China. Their case describes 74 servers built around Nvidia's B300 processors that were banned from sale to China but reached their destin...

Twenty-five years from now, Richard Baldwin (IMD Business School) argues, the world trade system will not have collapsed but been rebuilt, into three blocs, Europe, the US and China, none strong enough to dominate the others. Writing for CEPR's Eu...

The “tragedy of the horizon” captures the gap between long-horizon climate damages and the shorter horizons of corporate decision-making. We provide a contracting account of this idea using a deliberately standard CARA-normal moral-hazard model. U...

We show that a one-sided price-adjustment rule, with free price cuts but a fixed daily reset for price increases, raises the reset price even under risk neutrality, mean-zero wholesale cost shocks, and perfect consumer information. The mechanism i...

Deep learning is increasingly presented in economics as a new paradigm for solving dynamic models, superseding the classical projection methods of numerical economics. We argue that this dichotomy rests on a misclassification. The neural-network s...

China’s export boom is reach­ing its lim­its. The coun­try’s next phase of growth will come not from ship­ping more goods abroad, but from export­ing its factor­ies, tech­no­lo­gies and brands. China is run­ning up against the lim­its of its old m...