Macroeconomic policy and governance

NRPPs and lessons from the RRF delivery model: long-term EU resilience and social cohesion in the context of demographic challenges

Guntram B. Wolff

German rearmament under the spotlight

Germany’s rearmament effort is laying bare its structural weaknesses in strategic, technological and operational modernisation

Guntram B. Wolff

Where is the growth?

What do the EU’s spring forecasts say about higher prices, a changing job market and rising uncertainty?

Rebecca Christie, Andreas Billmeier and Mahmood Pradhan

How could Hungary streamline public spending without undermining growth?

Zsolt Darvas

Hungary has room to streamline public spending without hurting growth

Cutting some state operating and economic spending to the average of its regional peers could save Hungary more than four percent of GDP

Zsolt Darvas

Defence innovation and procurement reform: an empirical evaluation of the US Defense Innovation Unit

Ethan Kapstein, Javier Ospital and Guntram B. Wolff

Symbolic membership for Ukraine could bring practical security benefits to the EU

An idea for associate EU membership for Ukraine now, in parallel with negotiations on full membership that will take years, should be taken seriously

Heather Grabbe

How can the EU prevent the dollarisation of digital finance?

Jeromin Zettelmeyer

The flaws in the European Union’s proposed Industrial Accelerator Act and how to fix them

IAA provisions should rest on clear sector choices, WTO-safe criteria and FDI screening that welcomes value-adding investment

Ignacio García Bercero, Ben McWilliams and Simone Tagliapietra

A new strategy to contain stablecoin risks in the European Union

EU reluctance on stablecoins may backfire as US-backed dollar tokens spread, pushing demand offshore and importing dollar risks into Europe

Lucrezia Reichlin, Bo Sangers and Jeromin Zettelmeyer

Where Hungary’s money went — and where a Tisza government could move

Zsolt Darvas

Money, stablecoins and the dollar

The past, present and future of money

Rebecca Christie, Barry Eichengreen and Lucrezia Reichlin

Ragnar Nurkse and the Making of the Bretton Woods Paradigm

An intellectual biography and analysis of how a little-known Estonian economist developed the authoritative account of the Bretton Woods paradigm

Ivo Maes and Ilaria Pasotti