Climate policies could affect financial stability if they lead to large changes in asset returns. Matthias Kaldorf and Matthias Rottner study the financial stability and welfare effects of such ‘climate Minsky moments’ using a novel quantitative macroeconomic model
Climate Minsky moments: why they may matter less than expected Read More »
The European Commission’s response to the Draghi Report is the Competitiveness Compass. Jeromin Zettelmeyer believes this would set up a conflict between industrial policy and the single market
Draghi on a shoestring: the European Commission’s Competitiveness Compass Read More »
Remaining competitive is fundamental for Europe’s future. Christine Lagarde and Ursula von der Leyen argue that Europe needs faster economic growth and higher productivity to protect the quality of life for Europeans
The European Union has strengths it can build on Read More »
Heather Grabbe and Jeromin Zettelmeyer evaluate the capacity of the EU’s economic strategy to address structural problems and whether policy needs to change under Trump
Not yet Trump-proof: an evaluation of the European Commission’s emerging policy platform Read More »
In many countries, demand for long-term care services outpaces supply, leading to a ‘care gap’. Svend Hougaard Jensen, David Pinkus and Nina Ruer argue that Europe must get ready for the coming long-term care surge
Prepare now: Europe must get ready for the coming long-term care surge Read More »
Europe faces a large climate investment gap. Irene Monasterolo, Antonia Pacelli, Marco Pagano and Carmine Russo propose filling this gap through the joint issuance of European climate bonds that would be funded by selling GHG emission allowances via the ETS extended to all sectors
Accelerating climate investment in the EU Read More »
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
Geopolitics and financial stability: a plan beats no plan Read More »
Donald Trump has promised a raft of new tariffs, prompting concerns about a concomitant increase in inflation. Diego Comin and Robert Johnson argue that tariffs do not necessarily raise inflation, which is a macroeconomic phenomenon
Tariffs are coming: how trade dynamics will shape aggregate demand and inflation Read More »
The EU has signalled its readiness to engage and negotiate with Donald Trump. Ursula von der Leyen warns of a race to the bottom and the need to avoid a trade conflict that would hurt both sides and the global economy
Pragmatic and principled in an era of harsh geostrategic competition Read More »
Trump could bring political contagion that harms the very functioning of the European Union. Heather Grabbe and Jean Pisani-Ferry argue that Trumpism could fatally undermine European integration if governments do not stand firm and defend the EU’s law-based system
Political contagion in Europe: can the European Union survive Trumpism? Read More »
