Our measure of the aggregate monetary base in advanced economies has expanded rapidly during the past few months as both the Federal Reserve and the Bank of Japan have pressed on with their asset...

Business surveys published today suggest that the manufacturing recovery strengthened further in November, led by the US, UK and Japan. The euro-zone, however, is largely missing out, and there are...

Although the global recovery seems to be gradually gaining momentum, led by faster growth in the US, preliminary business surveys for November underline how uneven growth is. In particular, China’s...

Globalisation appears to have stalled since 2008, even as the world economy has recovered. This suggests that structural changes have reduced the incentives for closer integration. With little...