Dilemmas for the EU
The EU is grappling with deficit-financing of defence expenditure and maintenance of fiscal discipline. Lucio Pench assesses the implications of the recourse to the escape clauses of the Stability and Growth Pact
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Author: Op-ed
Climate expenditure for survival
Carbon emissions are rising. Patrick Bolton, Alissa Kleinnijenhuis and Jeromin Zettelmeyer argue that a coalition of willing wealthy countries should provide financing for the net zero transitions of developing countries
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How DeepSeek has changed AI
There have been major developments in artificial intelligence. Bertin Martens analyses innovations in AI models over the past half year and examines the economic implications for AI companies and policymakers
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From linear to circular
The global economy is at a critical inflexion point. Ana Birliga Sutherland and Megan Murdie provide a guide for high-impact businesses to transform their material footprint and sustainably reform
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The digital euro: retaining control
The digital euro is not just about creating a new form of money, says Philip R Lane. It is about ensuring that Europe retains control over its monetary and financial destiny in the digital age against increasing geopolitical fragmentation
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The compliance challenges to come
The imposition of concerted sanctions against Russia has changed the global sanctions landscape. Henrietta Worthington examines the impact of a peace deal, and says companies will need to watch closely to ensure compliance
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Bad actors move over
Cybercrime, fraud and scams are on the increase. Jonathan Sharp says it’s time to build trust for good actors to take centre stage
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A robust strategy for a new era
The level of uncertainty is exceptionally high. Christine Lagarde says maintaining stability in a new era will be hard, and will require an ability to react as necessary
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Non-trade objectives in trade agreements
Trade agreements increasingly include a focus on sustainability goals. Joseph Francois, Bernard Hoekman, Miriam Manchin and Filippo Santi examine the impact of environmental, labour, and civil rights provisions in trade agreements on related outcomes in developing countries
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Completing Ukraine’s reconstruction architecture
The Russia-Ukraine war may end this year and reinforces the necessity of planning Ukraine’s post-war reconstruction. Barry Eichengreen and Vladyslav Rashkovan take stock of what has been accomplished so far and what still needs to be done
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