In the past most government spending was funded from import tariffs. Simon Evenett and Marc-Andreas Muendler discuss whether this practice could work today, paying attention to the displacement effect on revenues
Tariffs cannot fund the government: evidence from tariff Laffer curves Read More »
Agnès Bénassy-Quéré considers the idea that there could be lasting reversal of exchange rates following an international currency agreement highly speculative, and argues that a multipolar system would attenuate the Triffin dilemma and provide the US with a deficit-adjustment tool
Is the international monetary system unfair? Read More »
Biagio Bossone is an advisor to international organizations (including AfDB, BIS, IMF, IOSCO, World Bank), government agencies and financial institutions In a recent Vox column, Michael Bordo and Robert McCauley argue convincingly that we are no longer in ‘Triffin land’. They are responding to the revival of the Triffin dilemma by Stephen Miran, Chair of
Not Triffin, not Miran: rethinking US external imbalances in a new monetary order Read More »
Advances in AI have accelerated rapidly over the past few years. Michael Barr considers generative AI, which he believes has the potential to change how we think about productivity, labour markets and the macroeconomy
Artificial Intelligence: hypothetical scenarios for the future Read More »
President Trump’s recent pronouncements on tariffs have received considerable attention. Michael Gasiorek and Nicolo Tamberi take a step back and considers some of the broader arguments for raising tariffs and the potential repercussions
The bazooka diplomacy of Trump’s tariffs Read More »
Donald Trump has launched an all-out attack on the rules-based international order. Olivier Blanchard and Jean Pisani-Ferry argue that the EU should take the lead in convening alliances of countries to counteract threats to the global order
Europe’s challenge and opportunity: building coalitions of the willing Read More »
Heather Grabbe and Jeromin Zettelmeyer evaluate the capacity of the EU’s economic strategy to address structural problems and whether policy needs to change under Trump
Not yet Trump-proof: an evaluation of the European Commission’s emerging policy platform Read More »
The return of Donald Trump raises fundamental challenges for the EU. Ignacio García-Bercero, Petros Mavroidis and André Sapir focus on possible new tariffs based on statements made by the President-elect
How the EU should respond to Trump’s tariffs Read More »
The Federal Reserve should play a minimal, supportive role in payments infrastructure, letting the private sector take the lead, Christopher Waller argues
What roles should the private sector and the Federal Reserve play in payments? Read More »
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
The resurrection of Donald Trump Read More »
