Global economy and trade

How should Europe react to the Inflation Reduction Act?

A deep dive into the IRA and its expected impact on the world trade system.

Climate versus trade? Reconciling international subsidy rules with industrial decarbonisation

Environmental subsidies could be justified when emissions taxation is not feasible or is insufficient due to political economy constraints.

Is deglobalisation already happening?

Is the world witnessing a shift away from Hyper-globalisation to Deglobalisation?

The boom, bust and future of China's real estate sector

Is China’s real estate market sustainable?

Don’t expect Asia to save the global economy in 2023

Southeast Asian economies, as well as India, are expected to decelerate, which will blur the positive impact of China’s reopening.

The impact of the Ukraine crisis on international trade

The direct aim of trade sanctions seems to have been achieved, while Russia’s capacity to finance the war from fossil fuel revenues is bound to shrink

If it doesn’t trade, is it really marketable debt?

Europe’s bond markets are essential infrastructure, just like the power grid.

Energy crisis: five questions that must be answered in 2023

Here’s how researchers can help overcome the threats arising from market turmoil and geopolitical realignment after Russia’s invasion of Ukraine.

China-India relations and their impact on Europe

India’s bi-lateral relations with China could forge the way for multipolar international system across the world.

Conditionality in the global financial architecture

Do financial markets consider European common debt a safe asset?

The interest rate on European Union bonds is now almost as high as that of supposedly riskier Spanish bonds; this risks defeating their purpose.

The charm of central bank digital currencies in a polarised world

How will CBDCs impact the international financial system?

The COVID–19 pandemic and China’s economic slowdown

Any convergence with the U.S. economy will not continue for long.

China protests add to uncertainty for investors

Demonstrations show how the country is struggling to deal with Covid and an easing of lockdowns.

Does inflation hit the poor hardest everywhere?

Low-income households suffer most from high inflation, but in some European Union countries the inflation burden is felt more equally than others.