Month: October 2023


Who benefits from school inspections? Lessons from England

Ofsted is an established feature of the English state school system. Ofsted grades are even displayed on property search websites in addition to government and school websites. This column explores the value of providing such information, versus the pressure such inspections place on schools. This comes in the context of a backlash against the system following the tragic death of an English headteacher earlier this year.

Silicon Valley Bank: a modern-day crisis

Several months have now passed since the run on Silicon Valley Bank in March 2023. This column argues that now is a good point to reflect on the bank’s failure and the ensuing policy responses. Though this was a US banking experience, the lessons from the crash extend across borders, including Italy. In fact, some of the concerns over governments’ commitment to deposit insurance are perhaps even more of a concern for policy-makers in Europe.

Positive workplace culture: The importance of healthy professional relationships

Anti-social and unethical behaviour in the workplace has considerable negative effects on employee wellbeing. Toxic relationships are at the heart of such behaviour. This column presents evidence from a field experiment carried out in Turkey. In this setting, an innovative training programme aiming to improve the relational atmosphere in the workplace reduced anti-social interactions and lowered employee separation in large corporations. In particular, improved leader-subordinate relationships played a key role in explaining the programme’s positive impacts on the workplace climate.