Blogs&Reviews

  • Ode to muddling through

    László Andor, 10 September 2020

    László Andor reviews a memoir by Olli Rehn, his former colleague at the Commission and a central figure in the response to the euro crisis of 2010-14.

  • Eduardo Levy Yeyati argues that a countercyclical liquidity fund could complete the financial architecture not only by providing much needed lending of last resort during systemic crises, but also as a way to attract less unstable private capital to emerging economies.

  • Landmark court decision limits presidential trade restrictions

    Steve Charnovitz, Gary Hufbauer, 28 July 2020

    The U.S. Court of International Trade’s landmark decision voiding President Trump's tariffs on steel from Turkey opens the door to future challenges of US trade actions based on equal protection grounds

  • A Hamiltonian glimpse in Europe

    Thorsten Beck, 27 July 2020

    Thorsten Beck believes that while the compromise reached on the European recovery support will not be enough to overcome the COVID-19 challenges in the EU, it is an important first step.

Other Recent Blogs&Reviews:

  • 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.

  • Roger Farmer, 13 June 2018

    In the New Keynesian model, the connection between the unemployment rate and the inflation rate is driven by the Phillips curve. In this post, Roger Farmer proposes replacing the Phillips curve with a belief function, an alternative theory of the connection between unemployment and inflation that better explains the facts.

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