Global governance

Euro area monetary asset demand and Divisia aggregates

Euro-dollar parity: beyond symbolism

Lack of certainty that the euro will stay prevents it from a greater international role. Until addressed, the dollar will continue to be hegemon.

A possible G7 price cap on Russian oil: issues at stake

A price cap on Russian oil might improve the current western sanctions regime, but effectiveness will depend on the west’s willingness

Ukraine and Taiwan on the Biden-Xi chessboard

Overall, Biden and Xi seem to be converging on their strategies for global dominance

Is the post-war trading system ending?

This policy contribution assesses how the trading system has changed over the last five years

Timely measurement of real effective exchange rates

This paper contributes to the measurement of monthly consumer price index-based real effective exchange rates with two main novelties.

L’Union européenne et les États-Unis, un an après

Après une année troublée par Kaboul et AUKUS, qu'avons-nous retenu de l'an I de la présidence Biden ? Maria Demertzis revient sur les évènements marqu

The Global Gateway: a real step towards a stronger Europe in the world?

Disappointment at the lack of fresh cash from European Union global connectivity strategy is short-sighted: Europe supports global development more th

A new consensus for economic resilience

Is there a need for systemic reform of global economic governance?

Chinese economic statecraft: what to expect in the next five years?

Chapter from 'Storms Ahead: the Future Geoeconomic world order' on the expectations from the next five years of Chinese economic policy, published on

Goodbye Glasgow: what’s next for global climate action?

After COP26, and as the debate on whether Glasgow represents a success or a failure dies down, what next for global climate action?

Glasgow: a clearer sense of direction but with no hard numbers

Global climate action is visibly accelerating however the conference failed to deliver on the hard numbers.

What to make of the EU-US deal on steel and aluminium?

The tariffs affected at least $7.2 billion imports of the relevant steel and aluminium products from the EU into the US in 2017.

Strong, balanced, sustainable and inclusive growth? The G20 and the pandemic

The G20 is not doing enough to support strong, balanced, sustainable and inclusive growth in the wake of COVID-19, with the poorest countries left beh