Globalisation recedes, conflicts multiply
Suzanne Berger considers the lessons learned from COVID-19 and how heightened war risks have added to the backlash against domestic manufacturing losses, undermining globalisation
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Author: Op-ed
Making Europe stronger
EPGs are public goods which can be more effectively provided at the EU level than the national level. Kalin Anev Janse, Roel Beetsma, Marco Buti, Klaus Regling and Niels Thygesen argue that the EU’s new MFF should focus on the benefits of common spending on such public goods
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DEI is also efficient
Trump’s campaign against DEI represents a sea change from longstanding traditions of affirmative action. Jonathan Ostry shows adding more women to the workforce delivers a bigger GDP boost than simply employing more men
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How should the EU react to the US attack on corporate sustainability?
So far, the anti-ESG backlash has had limited effect in Europe. Silvia Merler argues that the EU should continue to push companies on net zero alignment, but pragmatic changes can help ease burdens and maintain EU leadership
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Financial impacts of climate change
Climate change is intensifying, generating more frequent and severe extreme weather events. Lukasz Krebel, Danae Kyriakopoulou and James Talbot examine the implications of severe weather events for the economy and monetary policy
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AI and stability
Financial institutions are rapidly embracing AI. Jon Danielsson argues that AI introduces novel stability risks that the financial authorities may be unprepared for, raising the spectre of faster, more vicious financial crises
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Climate Minsky moments
Climate policies could affect financial stability if they lead to large changes in asset returns. Matthias Kaldorf and Matthias Rottner study the financial stability and welfare effects of such ‘climate Minsky moments’
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Europe has strengths it can build on
Remaining competitive is fundamental for Europe’s future. Christine Lagarde and Ursula von der Leyen argue that Europe needs faster economic growth and higher productivity to protect the quality of life for Europeans
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Draghi on a shoestring
The European Commission’s response to the Draghi Report is the Competitiveness Compass. Jeromin Zettelmeyer believes this would set up a conflict between industrial policy and the single market
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Not yet Trump-proof
Heather Grabbe and Jeromin Zettelmeyer evaluate the capacity of the EU’s economic strategy to address structural problems and whether policy needs to change under Trump
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