The problem with preferential trade agreements
Preferential agreements can be an alternative to a sclerotic WTO, but, if multilateral rules fail, they also risk conflict between trading blocs. Uri Dadush and Enzo Dominguez Prost discuss
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Author: Op-ed
Business aviation’s path toward a net zero CO2 future
Ed Bolen discusses business aviation’s focus and resolve toward a net zero CO2 future that was showcased at EBACE2023
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Is the steel industry on track to meet the world’s climate goals?
Steel manufacturing contributes more greenhouse gas emissions than any other industry. An Atradius Market Monitor looks at steel manufacturing and the clean energy transition
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EU’s digital competition law can give users more control
Christophe Carugati believes that the EU’s Digital Markets Act gives regulatory authorities another chance to tackle the difficult issue of user consent for data processing
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Bringing European public goods to the centre of the policy debate
Marco Buti, Alessandro Coloccia and Marcello Messori argue that a well-functioning economic union needs a permanent central fiscal capacity
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Trade fragmentation matters for bank credit supply
Claudia Buch, Linda Goldberg and Björn Imbierowicz discuss new evidence from the International Banking Research Network on how trade uncertainty can be amplified through the supply of credit
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How will higher carbon prices affect growth and inflation?
Carbon pricing is a central instrument in the EU’s fight against climate change. Claus Brand, Günter Coenen, John Hutchinson and Arthur Saint Guilhem use macroeconomic models examine what higher prices for carbon emissions will do to growth and inflation
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The EU’s strategic dependencies unveiled
Román Arjona, William Connell Garcia and Cristina Herghelegiu examine the EU’s dependencies in traded goods and find that the EU benefits greatly from its wide participation in international value chains
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Central Bank independence and the mandate—evolving views
Jerome Powell makes a strong case for limited independence within a democratic framework, warning against a Central Bank widening its remit and scope too far
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The innovation imperative: modernizing traditional banking
Michelle Bowman discusses innovation in the US financial system, the emerging trends that are shaping the industry, and the influence of regulatory approach on this evolution
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