Examining how the overall economy—the markets, businesses, consumers, and governments—behave, focusing on long-term economic growth and shorter-term business cycles
The EU has enacted new rules that overhaul the Stability and Growth Pact. Lucio Pench considers the issues that need to be addressed to ensure the new fiscal rules succeed
Three risks that must be addressed for new EU fiscal rules to succeed Read More »
An unprecedented number of voters will go to the polls globally in 2024. Jeffrey Frankel discusses incumbent’s efforts to buoy the economy and the post-election economic situations
Elections and fiscal and monetary expansion Read More »
There is considerable disagreement about the growth potential of AI. Francesco Filippucci, Peter Gal, Cecilia Jona-Lasinio, Alvaro Leandro and Giuseppe Nicoletti argue that the promises and perils of AI-related economic growth is dependent on domestic and global governance issues
The promises and perils of AI for productivity and growth Read More »
The factors which facilitated low average inflation for decades have started to reverse. Hassan Afrouzi, Marina Halac, Kenneth Rogoff and Pierre Yared argue that the growing tensions between central banks and politicians will have negative consequences for economic activity
Changing central bank pressures and inflation Read More »
The Western Balkan countries are moving towards European Union accession. Armin Steinbach examines the obstacles and lessons from the Eastern Partnership
The rocky road to European Union accession Read More »
Christine Lagarde outlines what needs to be done to become sufficiently confident to start dialling back the ECB’s restrictive policy stance
Building confidence in the path ahead Read More »
Trust is essential for the success of public policies. Agustín Carstens argues that policymakers’ success in dealing with recent crises was due to the trust they had built over the years, which allowed them to take decisive action when required
Trust and macroeconomic stability: a virtuous circle Read More »
The threats of geoeconomic fragmentation have accelerated in recent years. Alessandro D’Orazio, Fabrizio Ferriani and Andrea Gazzani introduce a novel firm-level revenue-weighted geopolitical risk index
Geoeconomic fragmentation and firms’ financial performance Read More »
The global economy has seen a major financial crisis and a worldwide pandemic. Patrick Minford reviews the attempts to model these events and suggests policy conclusions
The role of fiscal policy – what recent research shows Read More »
In the process towards European economic and monetary union, two reports played crucial roles. Ivo Maes focuses on the Werner and Delors Reports, capturing the key ideas and debates on the EMU process and the birth of the euro
A tale of two treatises: the birth of the euro Read More »
