Promoting the ideas of freedom
Javier Milei discusses the relationship between economic efficiency, ethics and public policy, drawing on economic and philosophical traditions to argue that justice and efficiency are interconnected
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Author: Op-ed
CBDC and monetary sovereignty
Calls for a digital euro increasingly invoke monetary sovereignty. Lucrezia Reichlin argues that an effective defence of monetary sovereignty will continue to depend on regulation, fiscal capacity, and the ECB’s willingness to absorb risk when it matters
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The end of the world order
The great powers are trashing the global rules-based order. Mark Carney argues that middle powers can maintain some sovereignty and control over their own destinies in a new era of superpower rivalries by working together to fight for their values
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Addressing Europe’s services dependencies
The geopolitical order keeps shifting. Agnès Bénassy-Quéré, Giancarlo Corsetti, Giulia Sestieri and Rolf Strauch discuss the economic security issues raised by services trade in the EU and call for a common industrial policy for services to boost competitiveness
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Global imbalances in a more fragmented world
Andrew Bailey emphasises the need for robust international cooperation, supported by multilateral institutions, and why they need to be supported by an international rules-based system, setting out some of the conditions that help make this system work and what challenges they might face
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Has the global minimum tax survived Trump?
It is accepted that international tax competition is harmful. Pascal Saint-Amans writes that US objections have not killed off the 15 percent global minimum tax, but they have altered it and given the US a competitive advantage
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AI risks for employers and employees
AI-powered transcription tools are increasingly used in the workplace. Aida Ponce Del Castillo argues in an analysis from data protection law and the AI Act that their deployment raises risks both for employees and employers
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Economic incoherence
EU member states may now exceed deficit limits if the borrowing finances defence. Paolo Surico proposes exempting innovation-related expenditure, rather than procurement, to raise long-run growth while maintaining fiscal responsibility and strategic autonomy
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The state of competition
Market power has increased across developed economies. Jan De Loecker and Pinelopi Koujianou Goldberg argue that policymakers must recognise the trade-offs in promoting scale, innovation, and competition, and acknowledge concerns that lie outside traditional antitrust mandates
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AI and systemic risk
AI offers substantial benefits to society. Stephen Cecchetti, Robin Lumsdaine, Tuomas Peltonen and Antonio Sánchez Serrano discuss significant concerns regarding risks to the financial system and propose a mix of competition and consumer protection policies address these vulnerabilities
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