Publications
Economic analysis and policy recommendations based on rigorous academic underpinnings
Recent publications
Europe’s emissions trading system is an ally, not an enemy, of industrial competitiveness
The 2026 review of the EU ETS must be anchored in facts and focus on the potential benefits of the system to EU competitiveness
How the global minimum tax amendments could reshape Europe’s tax incentives
This analysis offers estimates for EU countries of the possible impact of the ‘safe harbour’ update to the global minimum tax on corporate profits
Has the global minimum tax survived Trump?
US objections have not killed off the 15 percent global minimum tax, but they have altered it and given the US a competitive advantage
The Western Balkan energy sector: between Russia, the European Union and the green transition
This paper analyses energy transitions in the Western Balkans, away from dependence on Russia and towards the EU electricity market
How resilient is Russia’s economy after four years of war?
Resilience in Russia’s 2022–25 economy is fading as war spending slows growth, entrenches inflation and amplifies structural fragilities
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Publication list
Analysis
29 April 2025
Make finance part of the EU-UK post-Brexit reset
The EU and UK should address issues with the clearing and settlement industry and letterbox firms
Analysis
28 April 2025
Defence and climate: seven points for a common agenda
Beyond the debated public spending trade-off between defence and climate goals lie converging interests
Report
25 April 2025
Analysis
24 April 2025
Germany's fiscal rules dilemma
Without further reform, European Union fiscal rules could stop Germany from using the new fiscal space it has freed up for itself
Policy Brief
24 April 2025
Who should be charged? Principles for fair allocation of electricity system costs
This Policy Brief sets out four principles for pricing electricity fairly
Analysis
17 April 2025
The proposed European Defence Mechanism: questions and answers
Answering ten questions on the proposed EDM
Analysis
17 April 2025
The economic impact of Trump’s tariffs on Europe: an initial assessment
It is likely that Trump’s tariffs will be a limited hit to Europe, though some regions and industries could suffer and may need protective measures
Analysis
16 April 2025
Climate change could trigger debt crises, with adaptation providing only partial relief
Climate change is likely to significantly undermine sovereign debt sustainability, especially from the mid-2040s
Working paper
15 April 2025
The quickly fading memory of why and when bank capital is important
Deregulation should not be equated with lowering capital requirements in the EU
Analysis
14 April 2025
Ending European Union imports of Russian uranium
Continuing to do business with Rosatom, the company responsible for the commercial relationship on uranium with the EU, raises four issues
Blueprint
10 April 2025
Policy Brief
07 April 2025
The governance and funding of European rearmament
Europe must accelerate rearmament through deeper cooperation and innovative governance to counter Russia’s aggression and shifting US policies
Policy Brief
03 April 2025
Making the best of the new EU Social Climate Fund
Governments should employ good practices in tackling building and transport emissions whilst protecting the most vulnerable
Analysis
02 April 2025
Europe urgently needs a common strategy on Russian gas
An uncoordinated approach threatens EU energy security and the green transition
Working paper
31 March 2025
Dilemmas for the EU in deficit-financing of defence expenditure and maintenance of fiscal discipline
In this paper, we assess the implications of the recourse to the escape clauses of the Stability and Growth Pact
Policy Brief
27 March 2025
The demographic divide: inequalities in ageing across the European Union
Demographic changes will pose challenges to all EU countries, but not in a uniform way
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