Opinion
The spine of the letter represents the fall in activity at the start of the pandemic. Then there is a split, which leads to the two ‘arms’ that capture the different directions taken by economic activity in different sectors.
Blog Post
The G20 Debt Service Suspension Initiative, although a partial success, has been dogged by competing interests and lack of coordination. A further push is needed to solve the coordination problem.
Blog Post
The European Central Bank portfolio is skewed towards the brown economy, reflecting a bias in the market. Can and should the bank deviate from the market allocation?
Opinion
Ever since the 2008 financial crisis, central bankers have been busy developing new policy instruments to fight fires and ward off emerging threats. Nonetheless, many secretly dreamed of returning to the good old days of cautious conservatism (with financial stability taken seriously).
Opinion
An unintended consequence of the virus has been ‘one of the wildest bull markets in recent economic history’ but a worsening of income distribution will have a negative impact further down the line.
7 minutes ago
RT @Tagliapietra_S: L’objectif européen de neutralité carbone pour 2050 va modifier profondément les relations de l’UE avec les pays étrang…
1 hour ago
🇨🇳 READ Competitive neutrality in China is lacking, with state-owned firms favoured in most sectors, even over Chi… https://t.co/Xp2dVVkZ4u
2 hours ago
RT @mariademertzis: A K-shaped recovery and the role of fiscal policy. Inspired by the debate in the US, I talk about how to design policy…
Opinion
Ce qui est malsain, avec la proposition d’annuler la dette, c’est le déni de réalité consistant à affirmer que l’Etat peut effacer une partie de ses engagements sans que cela ne coûte à personne.
Blog Post
Different EU and US supervisory approaches to climate risk may hamper efforts to work together and risk fragmenting global markets.
Opinion
Aiming for 'green zones' offers a clear path to navigate an exit from the pandemic with as little damage as possible. Europe should not miss the opportunity to build on its strength and unity.
Blog Post
Ongoing fiscal support in the United States is not expected to provoke inflation risks. There are no immediate inflationary risks in the euro area either.
Blog Post
The European Union’s proposed Digital Markets Act will attempt to control online gatekeepers by subjecting them to a wider range of upfront constraints.
Blog Post
President Biden has promised to implement a levy on carbon-intensive imports, albeit without a federal domestic carbon price. The measure faces a number of difficulties, but could feasibly be implemented. The route chosen by the US will have important implications for the EU's own plans.
Opinion
The COVID-19 pandemic has prompted an increasing number of rich-country firms to reduce their reliance on global supply chains and invest more in robots at home. But it is probably too soon to tell whether this switch will increase productivity growth in advanced economies.
