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Opinion

Europe needs a Covid-19 Recovery Programme

Policymakers need to think long-term and start planning a broad investment scheme to reboot the European economy.

By: Grégory Claeys, Simone Tagliapietra and Guntram B. Wolff Topic: European Macroeconomics & Governance Date: March 27, 2020
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Opinion

From G7 to G20: passing three hot potatoes

Yesterday’s G7 video-conference ended in silence. It wasn’t even possible for the group to issue a joint statement after the US administration's push to enter into a blame game over the Covid-19 label. However, let’s not give up. There is one more chance today for global coordination: the G20 emergency video-conference hosted by Saudi Arabia. This is the opportunity for the G20 to stand out and overshadow the G7 and for the world to end up with some international policy coordination. The key issues continue to be dollar liquidity, excessive dollar appreciation and plummeting oil prices.

By: Alicia García-Herrero Topic: Global Economics & Governance Date: March 26, 2020
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Blog Post

COVID-19 Fiscal response: What are the options for the EU Council?

It is time for the EU Council to make quick progress on the fiscal front and announce something as soon as possible to show that it taken full measure of the severity of the situation.

By: Grégory Claeys and Guntram B. Wolff Topic: European Macroeconomics & Governance Date: March 26, 2020
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Blog Post

Covid-19 crisis: electricity demand as a real-time indicator

Comparing average weekday hourly electricity demand for the last few weeks to the year before, we visualise the moment when the current crisis began to have an impact on national economies and how large that impact was.

By: Ben McWilliams and Georg Zachmann Topic: Energy & Climate Date: March 25, 2020
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Blog Post

What the EU should do and not do on trade in medical equipment

The European Union has introduced export controls on some medical supplies. This was a mistake. It should announce that it is withdrawing the measure, and call on other countries to do the same.

By: André Sapir Topic: European Macroeconomics & Governance Date: March 25, 2020

3 hours ago

What are the main impediments to the use of data when combatting the spread of COVID-19? To find out, read J. Scott… https://t.co/WSbL67YGrn

4 hours ago

“According to the Global Trade Alert, 54 governments had introduced export curbs on key medical supplies since the… https://t.co/u9kCUxWLDv

6 hours ago

The Eurozone banking sector is still fragile : it is crying for restructuring, rationalisation and consolidation. I… https://t.co/eq1JiBm5aU

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Blog Post

Coronavirus and the politics of a common fiscal instrument

Coronavirus means many European Union countries will soon face major increases in their sovereign debt burdens, exacerbated by the sudden collapse of economic activity. What should the European Union do to address these debt problems?

By: Mark Hallerberg and Stavros Zenios Topic: European Macroeconomics & Governance Date: March 25, 2020
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Blog Post

Banks in pandemic turmoil

The banking system is critical to society and requires attention and support. In doing so, however, tough love is preferable to complacency.

By: Nicolas Véron Topic: Finance & Financial Regulation Date: March 24, 2020
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Blog Post

Artificial intelligence in the fight against COVID-19

Artificial intelligence can help fight the coronavirus through applications including population screening, notifications of when to seek medical help and tracking how infection spreads. The COVID-19 outbreak has triggered intense work on such applications, but it will take time before results become visible.

By: Georgios Petropoulos Topic: Innovation & Competition Policy Date: March 23, 2020
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Blog Post

Big data versus COVID-19: opportunities and privacy challenges

All available resources need to be brought to bear on the novel coronavirus COVID-19. To what extent can digital technology help? What risks are there in using big data to combat COVID-19, and what policies can mitigate any limitations that these risks impose?

By: J. Scott Marcus Topic: Innovation & Competition Policy Date: March 23, 2020
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Blog Post

COVID-19 and broken Collusion: the oil price collapse is one more warning for Russia

In the midst of the COVID-19 epidemic, the sharp collapse in the oil price has received little attention. Brent fell by 30% on 9 March, the largest fall since the 1991 Gulf War. The Russian ruble followed suit and its tumble highlights Russia’s continued dependence on resource extraction. The episode should be taken as a sign of things to come in a world where Russia’s main customers are going green.

By: Niclas Poitiers and Marta Domínguez-Jiménez Topic: Global Economics & Governance Date: March 19, 2020
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Blog Post

What should be done to reduce euro-area spreads?

Spreads are rising again in the euro-area at the worst possible time, when fiscal policy is needed to fight the coronavirus pandemic and the related economic shock. This blog post reviews the main options available to European policymakers, their feasibility and potential effectiveness to deal with this issue.

By: Grégory Claeys Topic: European Macroeconomics & Governance Date: March 18, 2020
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Opinion

The European coronavirus response must be a solution, not more stigma

Lagarde needs a different bazooka in responding to a natural disaster like COVID-19.

By: Rebecca Christie Topic: European Macroeconomics & Governance Date: March 18, 2020
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