For several decades, Iran has devoted substantial financial, institutional and political resources to military expansion. It has invested heavily in supporting its regional partners, as well as in pursuing geopolitical influence across the Middle East.
Previously, the Islamic Republic has shown few signs of swivelling its resources toward fixing its ever expanding environmental problems.
Domenico Ferraro, Giuseppe Fiori, and Damian PierriWe develop a business cycle model with perfectly competitive product and labor markets in which production requires a minimum labor input, generating endogenous capacity utilization. The aggregate production function is kinked, featuring constant returns to scale below capacity—typically in recessions—and decreasing returns at capacity in expansions.
Italian bank closes in on majority control of German lender after end of tender period
Surge pricing is unpopular with consumers and drivers alike, but there are ways to reduce its inherent inefficiencies.
Greek officials have pushed back against the suggestion that US President Donald Trump plans to lift sanctions on Turkey allowing it to return to the F-35 procurement programme, in response to hints dropped by the president at the NATO summit in Ankara.
‘Technicals have not merely supported fundamental pricing this cycle — they have displaced it’
Statistical Notices update the definitions and guidance contained in the Banking Statistics Yellow Folder
This paper studies how temporary migration affects macroeconomic fluctuations and the conduct of stabilisation policies using a two-country DSGE model with search-and-matching frictions and endogenous cross-border labour mobility. The analysis shows that migration responds endogenously to both labour market conditions and exchange rate movements, making it an important channel of cross-country adjustment. Labour mobility alters the transmission of shocks in three main ways.
Struggling UK housebuilder outlines plan to slim business as it grapples with market slowdown
Spanish lender shifting focus of regional corporate and investment banking operations to south-east Asia
