Taxing the wealthy effectively and equitably presents a choice between wealth and capital income taxes, each with its own trade-offs. Spencer Bastani and Daniel Waldenström compare the effectiveness of the two forms of taxation
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Countries use their economic strength to achieve geopolitical goals. Christopher Clayton, Matteo Maggiori and Jesse Schreger present a novel framework to understand how a hegemon in the international system exerts its power within its economic network
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Isabel Schnabel emphasises the euro area’s strengths in social protection and environmental initiatives, and advocates measure to close the euro area’s technology gap
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Supply chains are vulnerable to disruptions. Julien Martin, Isabelle Mejean and Mathieu Parenti introduce a new measure of ‘relationship stickiness’ which quantifies these vulnerabilities
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The global economy has seen a major financial crisis and a worldwide pandemic. Patrick Minford reviews the attempts to model these events and suggests policy conclusions
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Bitcoin has failed on the promise to be a global decentralised digital currency. Ulrich Bindseil and Jürgen Schaaf argue that the latest approval of an ETF doesn’t change the fact that Bitcoin is not suitable as means of payment or as an investment
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In the process towards European economic and monetary union, two reports played crucial roles. Ivo Maes focuses on the Werner and Delors Reports, capturing the key ideas and debates on the EMU process and the birth of the euro
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The Dutch election could be a litmus test for 2024 elections. Patrick van Schie provides an insight into the November election
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Jose Caballero examines China’s demographic trends and argues that a dramatically smaller (and older) population could create a devastating global slowdown
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Financial markets have inherent instability. Daniel Dăianu considers the role of AI but finds it hard to imagine a complete replacement of human judgment in monetary policy
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