Macroeconomic policy and governance

What is driving the global rise in long-term interest rates?

Rising bond yields are likely down to stronger investment demand, more supply of long-duration debt and less absorption by yield-insensitive investors

Gene Frieda

Jilted by Iceland – but Wider Europe is forming through new cooperation structures around the EU

Iceland’s rejection of EU membership talks should be seen against a backdrop of new methods of deeper collaboration, especially on security

Heather Grabbe

Europe’s challenges: what is new?

Jeromin Zettelmeyer

Iceland, Switzerland, Europe

What should the European Union offer to nearby countries that do not want to become member states?

Rebecca Christie, Heather Grabbe and Stefanie Walter

Profit shifting, tax harmonisation and investment in the EU single market: a trilemma

Anti-avoidance success has made EU investment more tax-sensitive, strengthening the case for corporate tax coordination within the single market

Madalena Barata da Rocha, Roel Dom, Pascal Saint-Amans and Bo Sangers

Did the 2022 energy inflation surge dent European Central Bank and Fed credibility? Evidence across horizons

Inflation expectations show that the ECB and Fed stayed credible after the 2022 energy shock, despite euro-area short-term weakness and US drift

Leonardo Cadamuro and Francesco Papadia

Europe must not simply dismiss the crisis in Ceuta

Alicia García-Herrero

Reforming European Defence Procurement to Boost Military Innovation and Startups

Ethan Kapstein, Javier Ospital and Guntram B. Wolff

Are jobs disposable now?

How do AI, technology and contracting change the way companies and workers relate?

Rebecca Christie, Paul Osterman and Alexandre Mendonça

A sober look at the case for common European Union debt

More EU debt will not lower public borrowing costs or deepen markets without fiscal-union features, permanent issuance and credible fiscal backstops

Marie-Sophie Lappe and Jeromin Zettelmeyer

Building the best safe asset          

Why would the euro area need common debt and will new proposals help?

Rebecca Christie, Agnès Bénassy-Quéré, Silvia Merler and Jeromin Zettelmeyer

US Foreign Military Sales

This dataset offers detailed information on FMS notifications of transfers of military equipment from the US to foreign governments

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