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
A solution in search of a problem? Read More »
MACROECONOMICS
Examining how the overall economy—the markets, businesses, consumers, and governments—behave, focusing on long-term economic growth and shorter-term business cycles
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
Do we need ‘public money’? Read More »
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 Martin et al argue this should be taken as an opportunity for an ambitious reform of a now clearly outdated fiscal framework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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What the British government needs to do to get Brexit done post-COVID
The COVID debt is immense. Patrick Minford considers the options available to the UK government to ensure a successful Brexit
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Will 2021 in CEECs look better than 2020?
Mehmet Burak Turgut is optimistic about CEE growth in 2021 following the successful development of COVID vaccines Will 2021 in CEECs look better than 2020?
Will 2021 in CEECs look better than 2020? Read More »
Seizing the opportunities from digital finance
Developments in digital finance could transform how consumers and businesses make payments and raise finance. This could help revitalise the UK economy, says Andy Haldane.
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