“Know thyself”
Failure to meet the Paris climate goals poses economic challenges that have an impact on central banks’ work, argues Frank Elderson. To avoid mistakes, policymakers must address the resulting structural changes
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Europe
Not a ‘side dish’
Industrial policy is undergoing a major resurgence. Cristina Caffarra and Nathaniel Lane argue that getting Europe to improve performance will require a massive, concerted effort at national and EU levels
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The European defence industrial strategy
Europe needs to progress with the development of its defence industry. Guntram Wolff argues that the European defence industrial strategy helps to focus thinking but has significant flaws
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Broader border taxes in the EU
The EU needs new resources to fund its budget. Pascal Saint-Amans considers the problems of tax leakage and discusses how the EU can access new funds
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Premature or precocious regulation?
Governments around the world are creating regulation to come to grips with the perceived risks of AI. Bertin Martens writes that, as it stands, it is unknown whether the Act will stimulate responsible AI use or smother innovation
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From laggard to leader?
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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A tale of two treatises
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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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
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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
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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
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