Publications
Economic analysis and policy recommendations based on rigorous academic underpinnings
Publication list
Blog post
29 January 2019
After the ESM programme: Options for Greek bank restructuring
With the end of the Greece support programme, authorities now have scope to focus on the legacy of NPLs and excess private-sector debt. Two wide-rangi
Blog post
28 January 2019
Chinese growth: A balancing act
China’s GDP growth in 2018 was 6.6%, its lowest annual growth rate in more than two decades, and the rate is expected to slow further this year. What
Blog post
21 January 2019
Is public debt a cheap lunch?
The fiscal and welfare costs of public debt, following Olivier Blanchard's presidential lecture at the American Economic Association, in which he sugg
Policy brief
17 January 2019
Equity finance and capital market integration in Europe
Facilitating the financing of European companies through external equity is a central ambition of European Union financial regulation, including in th
Blog post
14 January 2019
What 2019 could bring: A look inside the crystal ball
Economic performance prospects in Europe, the US and Asia in 2019. We start off by reviewing commentaries and predictions about the euro zone, which m
Blog post
14 January 2019
EU budget implications of a no-deal Brexit
A no-deal Brexit would mean the UK’s contributions to the EU budget fall to zero as of March 30th 2019. The author here calculates an estimate of the
Policy brief
14 January 2019
The implications of no-deal Brexit: is the European Union prepared?
The author, based on a note written for the Bundestag EU Committee, is exploring the possible consequences of a no-deal Brexit for the EU, assessing p
Policy brief
10 January 2019
The Belt and Road turns five
Five years after its launch, Michael Baltensperger and Uri Dadush reflect on China’s Belt and Road Initiative. The plan to revive ancient trade routes
Blog post
09 January 2019
How Europe could yet take the lead in the global electric-vehicle development race
The electrification of vehicles has become a key trend in the automotive sector, driven by clean energy and climate-change concerns. In a scenario of
Blog post
24 December 2018
The microeconomics of Christmas
Review of major contributions to the literature on the controversial topic of the deadweight loss of Christmas.
Blog post
21 December 2018
Ethics and artificial intelligence
Machine learning and artificial intelligence (AI) systems are rapidly being adopted across the economy and society. Early excitement about the benefit
Policy brief
20 December 2018
Is the European automotive industry ready for the global electric vehicle revolution?
This Policy Contribution investigates the position of the European automotive industry in a scenario in which electrification substantially progresses
Policy brief
18 December 2018
The euro as an international currency
Is a more important international role for the euro worth pursuing? What measures would achieve this result, if it is worth pursuing?
Blog post
17 December 2018
Brexit: Now for something completely different?
The life of Brexit. After a week of ECJ rulings, delayed votes, Theresa May’s errands across Europe and the vote of no confidence, we review the lates
Blog post
13 December 2018
Does the Eurogroup's reform of the ESM toolkit represent real progress?
The deal reached on euro-zone reform at the December 4th Eurogroup is not ground-breaking. However, it contains a number of incremental but potentiall
Policy brief
13 December 2018
Forecast errors and monetary policy normalisation in the euro area
What did we learn from the recent monetary policy normalisation experiences of Sweden, the United States and the United Kingdom? Zsolt Darvas consider
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