How can we find an exit?
Patrick Minford discusses the deep hole that UK governments have dug for the British economy, and considers what can be done to return the United Kingdom to growth
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Finance
Understanding the impact of the green transition
Governments across the world are implementing policies to transition their economies to net zero. Solveig Erlandsen Sui-Jade Ho, Danae Kyriakopoulou, Arjun Mahalingam and James Talbot introduce a framework to assist central banks to understand the macroeconomic effects of the green transition
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Making Europe stronger
EPGs are public goods which can be more effectively provided at the EU level than the national level. Kalin Anev Janse, Roel Beetsma, Marco Buti, Klaus Regling and Niels Thygesen argue that the EU’s new MFF should focus on the benefits of common spending on such public goods
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Financial impacts of climate change
Climate change is intensifying, generating more frequent and severe extreme weather events. Lukasz Krebel, Danae Kyriakopoulou and James Talbot examine the implications of severe weather events for the economy and monetary policy
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AI and stability
Financial institutions are rapidly embracing AI. Jon Danielsson argues that AI introduces novel stability risks that the financial authorities may be unprepared for, raising the spectre of faster, more vicious financial crises
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A plan beats no plan
Geopolitical risk and cyber-attacks are the most frequently cited risks among leaders of financial institutions operating in the UK. Carolyn Wilkins sets out how geopolitical threats present risks to financial stability
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Global challenges and expectations
Andrew Bailey reflects on the role that public institutions have played over the last eighty years. As these institutions continue to face challenge to their legitimacy there is a need to reinforce these institutions and their governance in terms of accountability
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The leading challenges facing central bankers
Monetary policy is being eased as inflation falls. Christopher Waller considers the geopolitical risks that will remain a challenge for central bankers in 2025
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What roles should the private sector and the Fed play in payments?
The Federal Reserve should play a minimal, supportive role in payments infrastructure, letting the private sector take the lead, Christopher Waller argues
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Quantum computing and the financial system
Quantum computers may have a profound impact on the financial system. Raphael Auer, Angela Dupont, Leonardo Gambacorta, Joon Suk Park, Koji Takahashi, and Andras Valko explore the transformative potential to the financial system, including the potential benefits as well as the main risks
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