Publications

The European Union should embrace decentralised finance and make it safe

A hybrid system with a digital euro and regulated private money would safeguard the EU from dollar-denominated stablecoin dominance

Lucrezia Reichlin

EU data processing consent reform must account for market incentives

Proposed streamlining of EU rules on consent for processing of personal data should account for how digital-market incentives shape implementation

Paul Richter and Tillman Schenk

The European Union and the war in Ukraine: more money, but not more Europe

This Working Paper analyses the drivers of rearmament and especially military aid to Ukraine

Jacob Funk Kirkegaard

Regime 0: Europe-wide incorporation for startups to kickstart innovative growth

An optional EU regime is proposed to lower barriers for high-growth startups via swift incorporation, simple governance and cross-border access

Fiona M. Scott Morton and Reinhilde Veugelers

The European Union needs more than the digital omnibus to make digital services competitive

European Commission plans to streamline digital rules introduce new inconsistences and fall far short of transformative reform

Bertin Martens

Rules, discretion and market stabilisation in the euro area

Zsolt Darvas and Francesco Papadia

From strategy to doctrine: the next steps for European economic security

The EU needs a balanced strategy to cut reliance on the US and China while improving its capacity to counter coercive economic threats

Ignacio García Bercero and Niclas Poitiers

The challenge of AI encroachment into online search and advertising

AI-driven answers erode search engine dominance and highlight the need for new strategies to promote competition in digital markets

Bertin Martens

Shifting priorities, slow progress: an analysis of EU tax recommendations

EU tax advice has broadened to new objectives, yet uneven implementation highlights the limits of soft coordination

Roel Dom, Costanza Greppi Maturana and Pascal Saint-Amans

Efficiency and distribution in the European Union’s digital deregulation push

A new framework shows how EU digital reforms must balance efficiency with transparent recognition of distributive consequences

Mario Mariniello

What will it take to stabilise debt in advanced countries?

Debt can be stabilised across advanced economies yet many face sizeable fiscal adjustments and rising vulnerability to market shifts

Zsolt Darvas, Gonzalo Huertas, Lennard Welslau and Jeromin Zettelmeyer

The case for delaying the application of the EU’s carbon border levy to electricity

The inclusion of electricity in CBAM creates more problems than it solves; ways should be found to exempt it

Ben McWilliams, Rouven Stubbe and Georg Zachmann

Europe’s electricity capacity mechanisms need to be better coordinated

This paper analyses EU capacity mechanisms, their cost and security impacts, and the pros and challenges of deeper regional coordination

Pär Holmberg, Christoph Maurer, Monika Morawiecka, Fabien Roques and Georg Zachmann

The solution to Europe’s housing affordability crisis must include building decarbonisation

The EU can help tackle Europe’s housing crisis by reducing energy costs, decarbonising buildings and adhering to climate goals

Ugnė Keliauskaitė

Understanding US foreign military sales globally since 2008: an analysis of a new dataset

The paper presents a new dataset of all US Foreign Military Sales since 2008 and analyses global trends in volumes and equipment types

Juan Mejino-López, Javier Octavio Ospital Greslebin and Guntram B. Wolff

What can Europe learn from China’s critical-tech innovation push?

China’s rise in frontier technologies narrows its gap with the US as Europe struggles with slow replication and fragmented research

Alicia García-Herrero and Michal Krystyanczuk