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:

  • Paul De Grauwe, 16 June 2018

    Russia's weight in global geopolitics is much greater than may be implied by its GDP or military spending. Exploring why that may be so, Paul De Grauwe looks at Russia’s nuclear arsenal and its role as a supplier of raw materials, including oil and gas, and argues that Russia is strong because Europe grants it that power.

  • Antonio Fatás, 16 June 2018

    GDP growth rates can be a  misleading indicator of the true performance of different economies. In this post, Antonio Fatas argues that once the effect of an ageing population is removed, Japan has actually performed very well since 1990, while Italy stands out among the largest advanced economies because its performance along all dimensions has been poor since the 1990s.

  • Esa Jokivuolle, 14 June 2018

    An integrated European banking market can be seen as an ultimate objective of Europe’s Banking Union project. Esa Jokivuolle asks whether bank lending should be steered towards more cross-border diversification with the help of capital requirements.

  • Karl Whelan, 14 June 2018

    The past week has been the most fraught yet in the Brexit negotiations, with the ‘Irish backstop’ a key issue. In this post, Karl Whelan argues that rather than being threatened economically, Northern Ireland would gain from the implementation of the EU’s backstop.

  • Ashoka Mody, 14 June 2018

    Italian financial tremors are again rumbling dangerously. In this post, Ashoka Mody describes how tremors from the Italian fault line are set to spread in cascading earthquakes through euro area and global financial systems.

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