Prof Emanuele Bracco

Why AI will kill some occupations and leave others strangely intact — and why the difference has nothing to do with what a machine can do

Monetary policy should generally “look through” temporary energy-driven inflation shocks, as tightening can disproportionately harm vulnerable households. However, a stronger response is needed if such shocks spill over into core inflation or cause inflation expectations to become persistently de-anchored, requiring central banks to act to maintain price stability.

Why did Europe experience such significant economic growth during the Modern Era? And does this story offer insights into the current US-China struggle for dominance? This article examines the origins of Europe's economic and technological primacy over the past millennium, considering the research of Joel Mokyr, who was recently awarded the Nobel Prize in Economics.