Examining how the overall economy—the markets, businesses, consumers, and governments—behave, focusing on long-term economic growth and shorter-term business cycles
To ensure the euro’s role in Europe’s future Fabio Panetta argues that we need effective macroeconomic stability, a fully-fledged banking and capital market union, and a dynamic payments and market infrastructure
Beyond money: the euro’s role in Europe’s strategic future Read More »
Central banks have embarked on the largest and most synchronised global monetary policy tightening in a generation. Agustín Carstens reflects on the year ahead and the journey towards price stability
Where are we on the journey towards price stability? Read More »
Growth in the euro area needs to be revitalised. Reinhard Felke, Mirko Licchetta, Nicolas Philiponnet and Maarten Verwey argue that it is essential to boost investment and foster innovation
Unremunerated reserves in the Eurosystem. Robert McCauley and Julien Pinter argue that imposing unremunerated reserves on euro area banks would likely push bank intermediation offshore out of the euro area
Tax incidence and deposit relocation risks Read More »
Unremunerated reserves in the Eurosystem. Robert McCauley and Julien Pinter argue that turning huge remunerated excess bank reserves into zero-yielding required reserves is a tax on banks
Unremunerated reserves in the Eurosystem: heads I win, tails you lose Read More »
Luis de Guindos provides an overview of the latest economic developments and discusses the outlook for the euro area economy for the coming months
The economic outlook and monetary policy in the euro area Read More »
Since 2018 China has pursued a clear, stated objective of self-reliance. Francois de Soyres and Dylan Moore investigate the extent to which China is making progress towards its goals
Assessing China’s efforts to increase self-reliance Read More »
There is a lot of optimism about AI and increased productivity. Daron Acemoğlu and Simon Johnson warn that to support shared prosperity, AI must complement workers, not replace them
The drive toward automation is perilous Read More »
Industrial policy is at the heart of modern economic policy. Réka Juhász, Nathaniel Lane and Dani Rodrik assess the latest research and consider how to do industrial policy well
The new economics of industrial policy Read More »
Monetary policy is too important to rely on trial and error. Klaas Knot argues that central banks need data and research to fulfil their mandate, so that they can do the best possible job
Challenges for monetary policy that make us think Read More »
