Euro area reform and democratic legitimacy
Stefano Micossi discusses the European Commission’s orientations for a revised economic governance in the EU
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Europe
How to fix the EU’s proposed Data Act
The proposed EU Data Act on industrial and non-personal data should be simpler and clearer, or the benefits could be limited, Bertin Martens argues
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Headwinds persist
Maarten Verwey and Oliver Dieckmann discuss the Commission’s Winter 2023 Economic Forecast and describe how the EU economy is set to escape recession
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The safe asset potential of EU-issued bonds
The euro area suffers from a relative lack of euro-denominated safe assets. Tilman Bletzinger, William Greif and Bernd Schwaab evaluate the prospects of EU-issued bonds for becoming a supranational euro-denominated safe asset
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The fiscal case for Europe to ‘go Dutch’ on defence
Hanno Lustig argues that there is a clear self-interested fiscal rationale for Europe to invest more in its own defence, starting by stepping up its aid to Ukraine
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Climate versus trade?
Reconciling international subsidy rules with industrial decarbonisation. David Kleimann argues that environmental subsidies could be justified
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Carbon taxes may be a boon for the world, even in the short run
Bruno Conte, Klaus Desmet and Esteban Rossi-Hansberg argue that it is time to take a serious look at carbon taxes as they are less costly than you thought
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How Europe should answer the US Inflation Reduction Act
David Kleimann, Niclas Poitiers, André Sapir, Simone Tagliapietra, Nicolas Véron, Reinhilde Veugelers and Jeromin Zettelmeyer argue that the EU should respond to the Inflation Reduction Act by pursuing broader aims such as a speedy decarbonisation and a broader development policy
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To cap or not to cap: the deal Europe needs on energy prices
Simone Tagliapietra, Georg Zachmann and Jeromin Zettelmeyer argue that a EU gas price cap would be counterproductive, but the reasons why it is supported widely must be addressed
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Will the European Union price cap on Russian oil work?
The G7 Russian oil price cap is an ambitious but untested instrument. Ben McWilliams, Simone Tagliapietra and Georg Zachmann argue that, despite pitfalls, the cap has the potential to be the most of potent sanctions
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