Policymaking in an age of shifts and breaks
The world has experienced an unprecedented series of shocks. Christine Lagarde says clarity, flexibility and humility will be three key elements of robust policymaking against this backdrop
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Europe
The Listing Act: no more than a minor boost to EU equity markets
Streamlining of the company listing process is welcome, but more fundamental reform is needed to revive the EU’s flagging equity markets, Alexander Lehmann discusses
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Strengthening resilience in a changing geopolitical landscape
A series of shocks have dramatically changed the global landscape. Christine Lagarde argues that the CESEE economies have the resilience to flourish
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The economic effects of carbon pricing
Carbon pricing policies are critical tools to mitigate the effects of climate change. Diego Känzig and Maximilian Konradt examine the impact of European carbon pricing policies, contrasting the common carbon market with national carbon taxes
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Impact of CBAMs on the Indian metals sector
Developing countries believe CBAM is a trade-restrictive policy. Nikhil Joshi and Geethanjali Nataraj consider CBAMs and the impact on Indian manufacturers
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The impact of artificial intelligence on growth and employment
Ethan Ilzetzki and Suryaansh Jain discuss the results of the May 2023 CfM-CEPR survey, where panellists were asked to predict the impact of AI on the global economy
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A fight for every job: decarbonising Europe’s cars
Decarbonising is key to achieving climate neutrality in the EU by 2050. Bela Galgóczi argues that the automotive industry’s ability to manage the transformation will have implications for millions of Europeans
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Lessons from the Germany shock: consequences of uncoordinated policies
Harald Fadinger, Philipp Herkenhoff and Jan Schymik evaluate the German labour market reforms of the early-2000s and the consequences of uncoordinated economic policies in a currency union
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The value added of CBDCs: a view from the euro area
Maria Demertzis and Catarina Martins argue that the ECB is uniquely positioned to help create the global standard, and in the process to help protect the EU’s global strategic interests
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Carbon trade-offs: how firms respond to emissions controls
Regulatory efforts to control carbon emissions are intensifying around the world. Maria Cecilia Bustamante and Francesca Zucchi examine the effects of carbon pricing mechanisms on businesses
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