We use a general equilibrium model to show that a decrease in workers' bargaining power amplifies the relative contribution to the output gap of adjustments along the extensive margin of labour utilization.

New guidance from Public Health England provides more evidence of the interconnected nature of health, care and education, and of the fundamental role early years practitioners play in supporting young children’s speech, language and communication development.  But with the early years sector struggling to survive in the wake of the pandemic, many children may miss out on this much needed support.  Where is the support for the early years sector?

Policymakers around the world are adopting regulatory sandboxes as a tool for spurring innovation in the financial sector while keeping alert to emerging risks. Using unique data for the UK, this paper provides initial evidence on the effectiveness of the world's first sandbox in improving fintechs' access to finance.

Banking flows to emerging market economies (EMEs) are a potential source of vulnerability capable of generating boom-bust cycles. The causal effect of such inflows on EME macro-financial conditions is hard to pin down empirically and should be key to well-informed policy design.