Cryptoassets need regulation
Cryptoassets and blockchain technology hold great promise. Daniel Dăianu believes that updating the current regulatory framework is a must for governments and central banks
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MACROECONOMICS
Examining how the overall economy—the markets, businesses, consumers, and governments—behave, focusing on long-term economic growth and shorter-term business cycles
Free trade benefits of Brexit
Many economists have claimed that Brexit would damage the UK economy. Patrick Minford argues that Brexit benefits to the UK have been widely underestimated
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Monetary policy in the euro area
Christine Lagarde says the ECB will not let this phase of high inflation feed into economic behaviour and create a lasting inflation problem
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A solution in search of a problem?
The payment system is changing in profound ways. Christopher Waller asks if a CBDC would address any of the problems
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Can climate change be tackled without ditching economic growth?
Klaas Lenaerts, Simone Tagliapietra and Guntram Wolff explore whether decarbonisation and economic growth are compatible to reach net zero by 2050
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Do we need ‘public money’?
The Bank of England has issued banknotes for over 300 years. Jon Cunliffe talks about future of money in the UK in an increasingly digital world
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A new template for the European fiscal framework
The European fiscal rules have been temporarily suspended since March 2020 to enable member states to take emergency measures against the COVID crisis. Martin et al argue this should be taken as an opportunity for an ambitious reform of a now clearly outdated fiscal framework
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Central banks in a shifting world
Philipp Hartmann and Glenn Schepens provide selected takeaways from the ECB’s online Sintra Forum, including whether globalisation is reversing and the role of fiscal policy for the post-COVID recovery
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Bretton Woods: time to reset?
Giovanni Tria and Angelo Federico Arcelli ask is a renewed Bretton Woods agreement a concrete option to favour a new economic expansion phase in the post-pandemic world?
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The case for an open financial system
Andrew Bailey looks at the benefits of a global financial system and talks about the UK’s current and future role in it. He argues that these benefits are global, not regional in nature. So global cooperation is needed to ensure a safe and strong financial system
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