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 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.
The ECB has reached its political limits. Its consequences in eight charts
Ashoka Mody, 11 February 2019

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.

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A new expert survey on bank capital requirements

Gene Ambrocio, Iftekhar Hasan, Esa Jokivuolle, Kim Ristolainen, 06 February 2019

Capital requirements for banks have been raised considerably since the Global Crisis, but the optimal level and form of such requirements are still much debated. In this post, researchers from the Bank of Finland introduce a new survey of academic experts that will focus on the question of how much capital banks should hold.
Europe's banking union – two steps backwards

Thorsten Beck, 04 February 2019

Thorsten Beck argues that recent actions by the Italian and German governments threaten to undermine progress made in the euro area towards a Single Market in Banking and, thus, a more sustainable currency union.
Globalisation, automation and the history of work: Looking back to understand the future

Richard Baldwin, 31 January 2019

The economy appears to be on the cusp of a third great transformation, driven by globalisation and automation. In this post, Richard Baldwin argues that the first step in thinking clearly about the future of work is to look at its historical transformations.
On the euro’s 20th birthday, Draghi’s tribute perpetuates long-refuted myths

Ashoka Mody, 29 January 2019

Ashoka Mody argues that in a recent speech celebrating 20 years of the euro, Mario Draghi repeated worn storylines and disregarded mounting contrary evidence.
Should we worry about temporarily raising government debt? Blanchard’s AEA Address

Simon Wren-Lewis, 23 January 2019

Simon Wren-Lewis asks whether a slow explosion in debt matters if the economy is also growing.

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Blogs&Reviews

Competition policy and European firms’ competitiveness

A world with central bank digital currencies

The ECB has reached its political limits. Its consequences in eight charts

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

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