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AFTER SAM ALTMAN was sacked from OpenAI in November of 2023, a meme went viral among artificial-intelligence (AI) types on social media. 'What did Ilya see?' it asked, referring to [...]

The enduring value of an analogue technology T HIS IS THE digital age, and the advice to executives is clear. Managers need to have a digital mindset; the organisations they [...]

The ongoing rise in the price of paper, caused by the global shortage of raw paper pulp, means some titles are now no longer 'economically viable' to release as presses [...]

India's markets are roaring. They also have serious faults F EW STOCKMARKETS flourished in 2022. Strong performers include ones in commodity-exporting countries like Brazil, Indonesia and the Gulf states, which [...]

Changes at the core After years of relative stability, disciplines associated with Chartered Accountancy are about to undergo significant change, a key source of which will be legal and regulatory [...]

A precious commodity Legacies of old laws leave thousands of Zimbabweans stateless BOTSHIWE DUBE gave birth to all seven of her children at her home. This was not because she [...]

Exams are grim, but most alternatives are worse AROUND THE world covid-19 has messed up children's education. They began to be shut out of classrooms all the way back in [...]

The industry is facing an escalation in costs, as soaring energy prices and rising shipping fees add to the financial implications of distribution delays, with publishers, printers, analysts and retailers [...]

Covid-19 has accelerated the adoption of online government services for everything from welfare to weddings FOR KARINA CELIS and her fiancé James, covid-19 could not have come at a worse [...]

It has accelerated the adoption of online services for everything from welfare to weddings FOR KARINA CELIS and her fiancé James, covid-19 could not have come at a worse time. [...]

Who might buy the Telegraph? THE IRON LADY, 'strong and bold in character', is made of gin and champagne. At £24 ($31), the cocktail is overpriced. But so is everything [...]

In October 2017, Nepal launched four National Sector Export Strategies--covering the coffee, handmade paper and paper products, large cardamom, and tea sectors--developed in partnership with the International Trade Centre and [...]

According to Hilton & Hyland agent Chad Rogers, the summer rental season in Malibu is a 'frenzy,' with people itching for a change of scenery after months of shelter-at-home orders. [...]

Paper pricing is always of interest to book publishers as it represents 40%-45% of the production cost of books, but printers and publishers have very little if any control over [...]

Independent's day: the founding fathers The loss-making Independent ditches ink, banking on pixels IN ITS heyday the Independent, Britain's youngest national newspaper, was a scrappy place to do journalism--a startup [...]

The housing white paper of 2017 was produced to address what was provocatively described as a 'broken housing market'. Among other things it proposed granting automatic planning permission in areas [...]

Byline: Calum Fuller A round-up of the papers' reactions to this week's Autumn Statement GEORGE OSBORNE can count himself rather lucky after 'bailing' himself out of the political storm surrounding [...]

It is the private sector, not state capitalism, that is responsible for modern China's economic rise IN 1984, ELEVEN researchers from the Chinese Academy of Sciences (CAS) gathered in a [...]

Byline: Calum Fuller A round-up of Fleet Street's response to the Autumn Statement IT'S FAIR TO SAY the announcement that drew the most attention from the national press was the [...]

* Everyone likes a puppy. That's the thinking at Andrex, which is gearing up for a packaging revamp to sustain growth. Its canine ambassador will appear on all of the [...]

Japan's Atomic Energy Commission has called for nuclear power to remain a key component of the energy supply, despite continuing public hostility. The commission's 322-page nuclear white paper, the first [...]

African countries lose more than $50bn per year in illicit financial outflows, according to a report released in February 2015 by an African Union taskforce headed by former South African [...]

My precious Rapidly rising paper prices are changing books T HE SECOND world war was a hard time for British publishers. Paper imports collapsed; paper started being made from straw; [...]

Why cash is now more appealing as a portfolio asset EVER HAD the feeling that there is a party somewhere that you're not invited to? It is the same feeling [...]

Soaring newsprint costs make life even harder 'IT'S LIKE TASERING an elderly person who's already on a pacemaker,' says a British newspaper boss of the newsprint market, where prices have [...]

Won't be needing these any more FOR MOST people, money still means physical cash printed by a sole, public authority. Yet that is a surprisingly modern incarnation: only a century [...]

The boundary between crypto and fiat money is more permeable than you think FINANCE HAS its squabbling tribes, much like the rest of society. A contest that attracts a lot [...]

Byline: Steve Farrell It's the image that defined prelockdown panic-buying: a shopper pushing a supermarket trolley brimming with toilet rolls. So severe was the stockpiling, with shelves stripped bare, toilet [...]

Experts are good at figuring out which experiments can be replicated EXCITING results from a scientific study are in effect meaningless if they cannot be replicated. All too often, at [...]

Comparing national and corporate balance-sheets THE easiest way to get an economist to laugh sardonically is to compare a country's finances to those of a family. It is both simplistic [...]

The Government of Nepal on 13 October launched four National Sector Export Strategies and a report on non-tariff measures (NTM) at a ceremony in Kathmandu. The export strategies--covering the coffee, [...]

We analyse the economic conditions (the 'shocks') behind currency movements and show how that analysis can help address a range of questions, focussing on exchange rate pass-through to prices. We build on a methodology previously developed for the UK and adapt this framework so that it can be applied to a diverse sample of countries using widely available data. The paper provides three examples of how this enriched methodology can be used to provide insights into pass-through and other questions. First, it shows that exchange rate movements caused by monetary policy shocks consistently correspond to significantly higher pass-through than those caused by demand shocks in a cross-section of countries, confirming earlier results for the UK. Second, it shows that the underlying shocks (especially monetary policy shocks) are particularly important for understanding the time-series dimension of pass-through, while the standard structural variables highlighted in the previous literature are most important for the cross-section dimension. Finally, the paper explores how the methodology can be used to shed light on the effects of monetary policy and the debate on 'currency wars': it shows that the role of monetary policy shocks in driving the exchange rate has increased moderately since the global financial crisis in advanced economies. Keywords Pass-through * Exchange rate * Price level * Inflation * Monetary policy * Currency wars JEL Classification E31 * E37 * E52 * F47, 1 Introduction Exchange rate movements affect a wide range of economic variables--from the ability of a company to service its debt or compete internationally, to a country's inflation rate and [...]

In recent years, most low-income countries (LICs) have been remarkably successful in reducing inflation to single-digit levels, and many LICS are engaged in reforms to make their monetary policy frameworks more systematic, transparent, and forward-looking, often with technical support from the International Monetary Fund (IMF). To inform those initiatives, our paper provides new empirical evidence about how the characteristics of the monetary policy framework affects the propagation of shocks in LICS. First, we analyze a cross-country panel dataset of 79 LICs over the period 1990 to 2015 to assess the impact of external shocks on real GDP growth, and we find highly significant differences between LICs where the central bank targets monetary aggregates or inflation compared to LICs that use the nominal exchange rates as the main nominal anchor. Second, we use difference-in-difference methods to assess the evolution of economic growth in sub-Saharan Africa (SSA) over the period from 1986 to 1994, and we find highly significant differences between 9 countries in the Central African Franc (CFA) zone compared to a control group of 12 other SSA countries. Our findings show that central banks in LICs can face policy tradeoffs similar to those which have been highlighted for more advanced economies, and our analysis underscores the key role of the monetary policy framework in fostering price stability and sustained economic growth in LICs. Keywords Central banks * LICs * Monetary policy frameworks JEL Classification E02 * E52 * E58 * 023, 1 introduction In recent years, numerous low-income countries (LICs) have engaged in reforms to make their monetary policy frameworks more systematic, transparent, and forwardlooking, often with technical support from the [...]