Publications

A new European tool to deal with unjustified rising spreads

The ECB needs a new tool to prevent the current rise in spreads, triggered by monetary policy tightening, from escalating into a new euro-area crisis.

Measuring macroeconomic uncertainty during the euro’s lifetime

We draw out four indicators of macroeconomic uncertainty, measured over the lifetime of the euro.

How to make the EU Energy Platform an effective emergency tool

The platform could become an effective emergency tool to safeguard Europe’s gas supply, but policymakers need to address challenges to make it work.

COVID-19 and the shift to remote work

Hybrid arrangements in which part of the week is spent at the office, and part at home, are likely to become the norm.

A practical arrangement for cooperation between digital economy regulators

A practical arrangement based on case information, case allocation and case resolution would ensure consistency and effective enforcement.

Raising EU productivity through innovation

A better overview of which firms are most likely to adopt digital technologies and to innovate, and to turn these investments into productivity growth

Food security: the role and limits of international rules on export restrictions

Unblocking Ukrainian ports and facilitating wheat exports through large-scale international coordination remains essential.

Policies to support the self-employed in the labour markets of the future

A review of changes in the way we work.

Is the EU Chips Act the right approach?

Measures to safeguard semiconductor supplies proposed in the Chips Act could prove to be wrongly focused, could tip over into harmful protectionism.

Europe’s Russian oil embargo: significant but not yet

The ban on most Russian oil significantly scales up the EU response to aggression against Ukraine, but the bloc should stand ready for retaliation.

Technology, trade, work councils and income distribution: new insights from MICROPROD

Economics of access to energy

This chapter discusses the key obstacles that have so far prevented 840 million people worldwide from gaining access to electricity.

REPowerEU: will EU countries really make it work?

By acting together, the European Union can optimise its response to the energy crisis in all scenarios but each country will have to make concessions.

Does the war in Ukraine call for a new Next Generation EU?

The European Union should take significant economic measures in response to the war in Ukraine, but a new Next Generation EU is not needed yet.

The EU needs transparent oil data and enhanced coordination

The EU lacks the coordination structure and transparent data necessary to most effectively navigate an embargo on Russian oil.

Now is not the time to confiscate Russia’s central bank reserves

As the costs of Ukraine’s resistance mount, there are increasing calls to confiscate these frozen reserves to finance Kyiv’s war and reconstruction.