Evidence of How Electronic Reporting and Automated Auditing Affects Regulatory Compliance and Environmental Performance

Andy Burnham’s first 100 days as prime minister of the United Kingdom will need to be devoted to building the institutional architecture for his vision of devolved governance to succeed. The question is not where to concentrate decision-making authority, but how to ensure that different authorities are working together. LONDON—On his first morning as prime…

Growth theory is based on the assumption of exponential total factor productivity (TFP) growth, or that the conditional expectation of the next TFP increment is proportional to the current level of TFP. In the U.S., we find strong evidence that TFP growth is conditionally additive, not exponential. Even starting from low priors, Bayesian estimation selects…

Friday, May 29, 2026 What a Recent Rule Change Means for Corporate Transparency Drug cartels and other illegal enterprises often use shell companies to hide their dealings and launder money. To combat this activity, many countries have requirements that corporations disclose their ownership-or their beneficial owners. And the U.S. was adopting a similar policy when,…

Frustrated at the collapse of his poorly-considered Memorandum of Understanding with Iran, President Trump has declared the US will reimpose its blockade of the Strait of Hormuz and begin charging a 20 percent fee for passage. It’s genuinely astonishing for the government of the United States to blithely repudiate one of its most important contributions to international order. The US has…

Present Committee members: David Roberts, ChairAndrew Bailey, GovernorSarah Breeden, Deputy Governor – Financial StabilityClare Lombardelli, Deputy Governor – Monetary PolicySir Dave Ramsden, Deputy Governor – Markets & BankingSam Woods, Deputy Governor – Prudential RegulationJonathan BewesSabine ChalmersLord Jitesh GadhiaDame Anne GloverDiana NobleTom Shropshire In attendance: Sarah John, Chief Operating Officer Secretary: Sebastian Walsh, Secretary of the…