The resurrection of Donald Trump
Donald J Trump is returning to the White House. Stefan Wolff considers what this means for Ukraine, the Middle East, China and the rest of the world
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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
Sanctions and technological decoupling
Recent tensions between the US and China have raised the spectre of technological decoupling. Yu Cao, Francesca de Nicola, Aaditya Mattoo and Jonathan Timmis explore the impact of US Entity List restrictions on Chinese firms’ innovation
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Today’s challenges in financial stability: the new and the not so new
Andrew Bailey discusses global financial stability, emphasising the importance of understanding financial theory and learning the lessons from history, highlighting the need for a macro-prudential approach
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Economists should point their attention to the stars
The economics of space is no longer the province of science fiction. Alessio Terzi and Francesco Nicoli argue that economists should turn their attention to the stars, harnessing opportunities that beckon beyond Earth’s limits
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An uphill struggle: a long-term perspective on the European public goods debate
Emmanuel Mourlon-Druol analyses what arguments European policymakers have used in discussions about centralising public expenditures at EU level
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Bridging the gap: reviving the euro area’s productivity growth
Innovation, investment and integration. Luis de Guindos discusses the revival of productivity growth in the euro area – a critical challenge that demands urgent attention and collective action
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High government debt in the EU or the end of ‘enjoy now, pay later’
Concerns over government debt have been on the rise. Martin Larch provides a brief history of government debt in the EU and draws attention to some important issues that are normally kept in the background
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Setbacks and strides forward: structural shifts and monetary policy in the twenties
The global economy is facing rifts comparable to the pressures that resulted in ‘economic nationalism, a collapse in global trade and the Great Depression of the 1920s, Christine Lagarde warns
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Pandemic-related economic distortions are fading
Jerome Powell addresses the current economic situation and the path ahead for monetary policy, discussing economic events since the pandemic and exploring why inflation rose to levels not seen in a generation
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The effectiveness of monetary policy
Amr Saber Algarhi and Konstantinos Lagos describe how the Jackson Hole symposium, a meeting of bankers in a remote Wyoming valley, could have consequences for us all
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