By and large, setting a new green golden rule would be a useful addition to the existing EU fiscal framework.
The pandemic has increased the net lending position of the German corporate sector. By incentivising private investment, policymakers could trigger a virtuous cycle of increasing wages, decreasing corporate net lending, which would eventually lead to a reduction of the economy-wide current account surplus.
A roadmap for systemic economic reform calling for step-change in global economic governance to increase resilience and build forward better from economic shocks, prepared for the G7 Advisory Panel on Economic Resilience.
Perhaps an analysis of the causes of the declining investment rate would bring us closer to explaining why real interest rates are so low.
Under Xi Jinping's new economic agenda 'common prosperity', China is cracking down on indebted real estate developers like Evergrande.
Concerns are real, but the country fares as well as peers at similar levels of development. Analysis published in fDi Intelligence.
Increasing green public investment while consolidating deficits will be a central challenge of this decade. A green fiscal pact would address this tension, but difficult trade-offs remain.
Is sustainable investing contributing to society’s climate and social goals, or preventing systemic change?
The size and scope of investments needed to reach net zero will have significant macroeconomic implications.
Far from being irresponsible know-nothings, retail investors provide a vital counterpoint to institutional investors.
The recovery facility will boost digital transformation, but questions remain whether it will be sufficient to achieve Europe’s digital ambitions.
How the G20 can support the recovery with sustainable local infrastructure investment.