Examining how the overall economy—the markets, businesses, consumers, and governments—behave, focusing on long-term economic growth and shorter-term business cycles
In their fight against inflation, central banks have raised interest rates. Paul De Grauwe and Yuemei Ji examine the new operating procedures of the Bank of England and the subsidies to the banking sector
The new operating procedures of the Bank of England: a bonanza for the banks Read More »
The effects of economic fracturing are intertwined with broader, longer-term shifts in trade, investment and GVCs. Bruno Casella, Richard Bolwijn and Francesco Casalena highlight ten FDI trends and their development implications
Global economic fracturing and shifting investment patterns Read More »
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 »
