What economic lessons can Switzerland learn from the pandemic?

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...

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...

Six months of data since the Busan Accord shows China shipped the world more rare earth magnets than in any of the previous four years. A year earlier, China had threatened to restrict rare earth supply altogether. This briefing examines how those...

The proposed US-China Board of Trade failed to materialise at the May 2026 Trump-Xi summit. Statements by US officials now place the initiative in sharper relief. On examination, its scale is modest, its institutional necessity is unclear, and the...

As the United States proposes a bilateral Board of Trade to govern its commercial relationship with China, the empirical record of managed trade arrangements that the United States negotiated with Japan in the 1980s provides a relevant precedent. ...

This briefing and accompanying technical annex examines the independent effects of fuel price levels and volatility on world trade volume growth, using 314 monthly observations from the CPB World Trade Monitor spanning January 2000 to February 202...