The notion of degrowth to reduce greenhouse gas emissions appears unrealistic; decoupling of emissions from growth is in principle possible but requires unprecedented efforts.
How do incentives to collude depend on how asymmetric firms are? For low levels of differentiation, an increase in quality difference makes collusion less stable. The opposite holds for high levels of differentiation.
AI and other digital technologies have been surprisingly slow to improve economic growth. But that could be about to change.
The digital transition offers us a new opportunity to reach out across the global economy - hopefully we will find the strength to use it.
The forced landing of an internal EU flight is just the latest development in the President of Belarus’ efforts to cling to power.
An ageing population is generally bad news for growth prospects, but Japan and Taiwan offer important lessons.
A conversation on ageing societies, waning inequality, as well as an inflation revival.
It is time to rethink many of the basic principles of our economic model to mitigate the impacts of the COVID-19 pandemic.
Diversification is important because it is associated with economic growth and reduced volatility.
Over the past five years conflict has led to a deterioration of Russo-Ukrainian economic relations while ties with the EU have been deepened. This shift is evident in trade flows: the European Union has become Ukraine’s biggest trading partner, while China is poised to overtake Russia as its second. Natural gas imports from Russia, Ukraine’s prior Achilles heel, have been partially replaced by reverse deliveries from the EU and reduced as result of reform of the gas sector.
The announcement of a large stimulus without a growth target indicates that China’s recovery is far from complete.
In the midst of the COVID-19 epidemic, the sharp collapse in the oil price has received little attention. Brent fell by 30% on 9 March, the largest fall since the 1991 Gulf War. The Russian ruble followed suit and its tumble highlights Russia’s continued dependence on resource extraction. The episode should be taken as a sign of things to come in a world where Russia’s main customers are going green.