Blogs&Reviews

  • Joshua Meltzer argues that the Trump administration has failed to provide a coherent vision for maintaining and expanding US competitiveness in the 21st century, including through its trade policy.

  • Is the EU ready to truly apply the subsidiarity principle?

    Roel Beetsma, George Kopits, 15 June 2020

    Roel Beetsma and George Koptis argue there is a strong legal and economic case for a timely application of the subsidiarity principle in establishing a permanent EU-wide countercyclical facility.

  • Lubos Pastor suggests that the easiest way for central banks to deal with COVID-spawned debt may be tolerate above-average inflation.

  • The independence of the central bank at risk

    Peter Bofinger, Martin Hellwig, Michael Hüther, Monika Schnitzer, Moritz Schularick, Guntram Wolff, 08 June 2020

    The authors of this blog are concerned that the recent judgement of the German Federal Constitutional Court on the ECB's monetary policy undermines the constitutional basis of the independence of the central bank and its price stability mandate.  

Other Recent Blogs&Reviews:

  • Stephen Cecchetti, Kim Schoenholtz, 09 July 2018

    In this post, Stephen Cecchetti and Kermit Schoenholtz explain balance-of-payments crises – the sudden stops or capital flow reversals that compel countries to restore their external balance between exports and imports or, in the case of capital flight, shift to export surpluses. They also examine the Asian crisis of 1997-98 and the crisis in the euro area periphery from 2010 to 2012.

  • Jon Danielsson, Jia Rong Fan, 09 July 2018

    Julia, MATLAB, Python and R are among the most commonly used numerical programming languages by economic researchers. In this post, Jon Danielsson and Jia Rong Fan compare and contrast these four, reaching a very subjective conclusion as to which is best and which is worst.

  • Lant Pritchett, 06 July 2018

    When the upper bound of the impact of targeted interventions in developing countries is taken into consideration, the potential per person gains are dwarfed by the gains from labour mobility or extended growth episodes. In this post, Lant Pritchett argues that the fact that even small gains in the likelihood of producing a large positive (or avoiding a large negative) growth episode have massive expected value calls for more research into the topic.

  • Simon Wren-Lewis, 05 July 2018

    The EU have said that the deal offered to Northern Ireland (staying in the Single Market for goods without freedom of movement) is not available to the UK as a whole, a position that the UK has not tried to test in its negotiations. In this post, Simon Wren-Lewis argues that Theresa May should stop appeasing the Brexiters and formally make the proposal to the EU of extending the Northern Ireland deal to the rest of the UK.

  • Olivier Blanchard, Jacob Kirkegaard, 04 July 2018

    A coherent reform of asylum-based EU immigration must embody two main components: control over external borders and a new set of internal EU rules. EU leaders have made some progress on the first part, but the outlook concerning the second remains vague. In this post, Olivier Blanchard and Jacob Funk Kirkegaard make some suggestions for the way forward.

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