Publications

Between values and interests: drivers of EU aid

EU aid is still more poverty-focused than peers, but external policy drivers are growing and reshaping development cooperation after Global Gateway

Anna Bahí, Roel Dom, Niclas Poitiers and Camille Reverdy

How do trade restrictiveness and trade policy uncertainty affect FDI? An empirical investigation

Rising trade barriers and uncertainty are choking FDI inflows, hitting low and middle-income investors hardest in a fragmented global economy

Hites Ahir, Luca Bettarelli, Davide Furceri, Francesco Frangiamore, Jonathan D. Ostry and Francesco Scianna

Size versus allocation in capital market development: evidence from pension funds and insurance companies

EU capital markets stay small as savings sit in deposits, making insurers and pension funds pivotal if portfolios shift into productive assets

Marie-Sophie Lappe and David Pinkus

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

How to secure the benefits of an EU-wide incorporation regime

An EU Inc. plan for a common company regime should become more targeted and be underpinned by better system infrastructure

Fiona M. Scott Morton and Reinhilde Veugelers

A plan to revitalise the World Trade Organization

Saving the WTO will require EU-led alliances, better subsidy disciplines and new plurilateral routes, even if some initiatives sit outside the WTO

Ignacio García Bercero

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

Europe needs a strategy to close the artificial intelligence compute gap

In its bid to compete with the US on AI, Europe could learn from both China and from the classic Airbus industrial policy case

Alicia García-Herrero and Bertin Martens

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

Challenges to the integration of the Western Balkans into European Union supply chains

Western Balkan EU integration has deepened, yet rising non-tariff barriers and new EU rules keep trade costs high despite zero tariffs

Madalena Barata da Rocha, Niclas Poitiers and Nina Vujanović

Revamping Europe’s chips strategy: indispensability, not self-sufficiency

In revising the European Chips Act, the EU should seek to make itself an indispensable partner in the semiconductor value chain

Niclas Poitiers and Tillman Schenk

Understanding the global clean tech manufacturing slowdown

Benjamin Bjerkan-Wade, Hannah Hess, Marie Jugé, Ugnė Keliauskaitė, Kate Larsen, Ben McWilliams, Hannah Pitt and Simone Tagliapietra

Who controls the defence industry?

The defence industry is gaining importance in Europe, but the methods by which states exercise control over it are varied and poorly understood

Marco Becht, Juan Mejino-López and Guntram B. Wolff

The growing impact of political risk on financial markets

Risk associated with broad political changes can be quantified with a globally priced factor common across stocks, bonds and currencies

Vito D. Gala, Giovanni Pagliardi, Ivan Shaliastovich and Stavros Zenios