Blogs&Reviews

  • Competition policy and European firms’ competitiveness

    Massimo Motta, Martin Peitz, 20 February 2019

    Massimo Motta and Martin Peitz ask whether merger control obstructs or promotes European firms’ competitiveness, whether is there is room for public policy considerations beyond competition policy goals when dealing with competition-related issues, and what can be done to promote the competitiveness of European firms both within and beyond Europe.

  • A world with central bank digital currencies

    Tommaso Mancini-Griffoli, Maria Soledad Martinez Peria, Itai Agur, Anil Ari, John Kiff, Adina Popescu, Céline Rochon, Zoltan Jakab, 15 February 2019

    In this post, a group of IMF economists examine why central banks might consider issuing digitial currency, and how households and firms might adapt.

  • In this post, Ashoka Mody documents the costs of ECB timidity, which, he argues, arises from the political limits on its actions.

  • Hard Brexit ahead: Breaking the deadlock and restarting customs cooperation in Europe

    Gabriel Felbermayr, Clemens Fuest, Hans Gersbach, Albrecht Ritschl, Marcel Thum, Martin Braml, 07 February 2019

    The authors of this post argue that while the deadlock in the Brexit negotiations can be broken by tweaking the time limits of the Withdrawal Agreement and at the same time abandoning the backstop, a more viable long-term solution is a European Customs Association where Britain has active membership and a full vote alongside the EU member states.

Other Recent Blogs&Reviews:

  • Pascal Lamy, 06 June 2018

    Although recent developments have challenged the established liberal consensus on globalisation, in this post Pascal Lamy argues that this process is set to continue due to the technological forces underpinning its evolution. While there is rising political opposition in light of increased inequality, undoing the current levels of economic integration will not be easy and strictly national solutions will be insufficient. In this context, Europe needs to unite around its social market model and project its values more strongly in the world.

  • Ben Clift, 05 June 2018

    Debate on euro area reform has been split between two camps: those who saw the euro area crisis as a consequence of moral hazard, and those who saw the threat of contagion effects through vulnerable financial markets. In this post, Ben Clift details how ECB Governor Mario Draghi’s recent speech proposing a full realisation of the banking union, with risk sharing and public backstops to prevent ‘bad equilibrium’, signals that the ECB’s vision for euro area reform has finally shifted to the latter, in line with the IMF’s vision for euro area architecture reform. 

  • Simon Wren-Lewis, 03 June 2018

    With unemployment remaining high in the euro area and core inflation well below target, Simon Wren-Lewis argues that German fiscal policy, in particular, is too tight, calling for stimulus in the form of public investment.

  • Jon Danielsson, 01 June 2018

    Are cryptocurrencies the future of money, Ponzi schemes, speculators dream, freedom or just a cult?

  • Thorsten Beck, 01 June 2018

    The recent eBook, "Ordoliberalism: A German oddity?", was presented in Washington DC and Vienna. This post summarises the discussion concerning the divergence between practice in theory when it comes to bank bailouts and ordoliberalism.

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