Can AI prevent financial crises?
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
Read more
Author: Op-ed
Carbon leakage and international cooperation
Climate change is a collective action problem that requires substantial international cooperation. Christofer Schroeder and Livio Stracca present new evidence that carbon taxes are undermined by ‘leakage’
Read more
The dollar’s international role
The dollar is by far the dominant currency. Christopher Waller does not expect to see the US dollar lose its status as the world’s reserve currency anytime soon
Read more
Advancing crossborder payments
Payments are a vital part of the global and interconnected financial ecosystem. Michelle Bowman considers the evolving payments landscape
Read more
Decisions ahead and takeaways for the EU
Alicia García-Herrero argues the EU should try to attract more business from Taiwan, though Taiwan’s January 2024 election hasn’t made the job easier
Read more
The influence of politics on circuit court decisions
Each year, the US Circuit Courts of Appeals consider thousands of appeals on the rulings of federal district courts. Alma Cohen examines whether the identity of the politicians that appoint judges to these courts can help predict outcomes in these cases
Read more
Smarter EU industrial policy for solar panels
The EU plans to double solar PV capacity by 2030. Ben McWilliams, Simone Tagliapietra and Cecilia Trasi argue that the EU carry on importing from China but implement an industrial policy that intervenes in sectors that are more likely to contribute to sustainable economic growth
Read more
The real effects of trade financing by export credit agencies
Trade finance subsidies, usually provided by export credit agencies, are the predominant tool of industrial policy. Poorya Kabir, Adrien Matray, Karsten Müller and Chenzi Xu discuss the effect of the effective shutdown of the Export–Import Bank of the US (EXIM) from 2015—2019 on firm
Read more
The tide has turned
Chinese export dominance is no longer confined to low-wage sectors. Klaus Friesenbichler, Agnes Kügler and Andreas Reinstaller suggest a series of possible policy responses
Read more
The 56-billion-dollar question
Some worry about the concentration of power accumulated by some charismatic leaders. Sverre Spoelstra asks how valuable is Elon Musk’s ‘charismatic’ leadership?
Read more