Timely analysis on the latest developments in economic policy. The Blog is a point of reference for policymakers, influencers and journalists.
The fiscal side of Europe’s energy crisis: the facts, problems and prospects
Europe needs to move beyond emergency fiscal responses and focus on structural changes to allow the EU to accelerate its decoupling from fossil fuels.
Is Europe failing on import diversification?
Despite a goal of economic self-reliance, the European Union’s imports are generally sourced from an increasingly limited set of suppliers.
The difficulty of designating gatekeepers under the EU Digital Markets Act
The European Commission should be more precise and transparent when designating gatekeepers under the European Union’s Digital Markets Act.
Europe’s half a million barrels per day diesel supply question
A new European Union embargo on Russian oil products should not affect EU diesel supplies and prices, but could encourage re-routing by Russia.
Web3: the next internet revolution
Tokenisation based on blockchain technology could bring radical changes to markets for goods and services.
09 November 2022
Success at COP27 will be defined by progress on climate finance and ‘loss and damage’
COP27 should create the basis of a global loss-and-damage fund to help vulnerable countries already suffering from climate disasters.
08 November 2022
Beyond the training gap: learning foundational skills on the job
Low-skilled workers tend to have jobs that are less likely to foster foundational skills. This worsens skills gaps and income inequality.
03 November 2022
Is globalisation really doomed?
Globalisation is under attack; to preserve its benefits, healthy domestic social contracts are essential.
27 October 2022
European Union fiscal rules: is a better system feasible?
EU countries seem to be converging on a set of reform objectives. But can these be jointly satisfied? Two recent proposals offer some hope.
24 October 2022
National policies are the best protection against euro-area financial fragmentation risks
An analysis of German-Italian spreads under five Italian governments shows that the gap was biggest when Italian policies worried markets most.
19 October 2022
The sometimes puzzling differences in transatlantic earnings growth
Low-skill workers have seen faster wage growth than high-skill workers in many EU countries, contrary to the United States.
19 October 2022
The advance of China’s private sector pauses, but the trend is unclear
The drop in the previous private-sector advance should not be viewed as the start of a new trend of continuous decline, at least not yet.
17 October 2022
Europe’s promised semiconductor subsidies need to be better targeted
The proposed European Chips Act over-emphasises semiconductor production subsidies, focusing too little on increasing value-added in research.
14 October 2022
How European Union energy policies could mitigate the coming recession
The European Union faces recession, but the way in which policymakers manage the energy crisis will determine its depth and duration.
11 October 2022
Does the European Union need an energy crisis fund?
An EU energy fund is justified, but for different reasons than commonly assumed, with implications for the fund’s design.
06 October 2022
Using online data to glimpse into the future of work
Labour-market data from online sources can identify emerging occupations and skill demand, helping policymakers prepare better for future needs.
06 October 2022
Volatile energy markets expose the fragility of Europe’s capital market infrastructure
Reform of the EU central clearing framework is an essential part of capital markets union, but reform should not be driven by current energy turmoil.
05 October 2022
China and the West: growing apart as geopolitical tensions grow
The model of increasing economic interdependence between the West and the emerging world was built on assumptions that no longer hold.
04 October 2022
How the European Union can best apply the Digital Markets Act
The European Union’s new Digital Markets Act will enable the European Commission to get ahead of potential anti-competitive behaviour.
30 September 2022
Germany’s gas-price ‘defence shield’: problems and redeeming features
The €200 billion “defence shield” risks undermining European solidarity. This could be avoided by designing it well.
27 September 2022
China’s top ranked corporations are not as opaque as they may seem
Even though most large Chinese SOEs are not listed, they generate most of their revenue from their listed subsidiaries.
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