The new economics of industrial policy
Industrial policy is at the heart of modern economic policy. Réka Juhász, Nathaniel Lane and Dani Rodrik assess the latest research and consider how to do industrial policy well
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United States
Improving the contestability of e-commerce in two jurisdictions: the Amazon case
Improving competition in digital markets is a priority for the governments in both the United States and Europe. Fiona Scott Morton considers how Amazon’s alleged conduct controls prices on rival marketplaces
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Responsible innovation in money and payments
Innovations in money and payments continue to be of primary importance. Michelle Bowman caution against solutions that could disrupt and disintermediate the banking system
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Financial stability in uncertain times
The recent macroeconomic experience has presented both monetary policy and financial stability challenges for central banks. Michelle Bowman discusses how central banks can these vulnerabilities
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The manufacturing jobs boom that isn’t
Niclas Poitiers argues that the US Inflation Reduction Act shows that massive subsidies are not leading to massive manufacturing job creation
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Is de-dollarisation happening?
Barry Eichengreen argues that reports of the US dollar’s demise as the dominant global currency have been greatly exaggerated
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The slow American protectionist turn
Pascal Lamy argues that the protectionist shift in US policy is not recent, and can be traced back about 15 years
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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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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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