Kavaljit Singh, 20 November 2008

French President Nicholas Sarkozy has proposed that European nations create sovereign wealth funds to protect national companies from foreign “predators.” This column says that idea is protectionist and without merit. Emerging economies establish sovereign wealth funds to invest foreign reserves or commodity revenue – not to bail out domestic firms and stifle global competition.

Philip Lane, 06 November 2008

Iceland is undergoing a traumatic financial crisis. This column argues that the main anchor for its recovery strategy should be EU membership and entry into the euro area.

Daniel Gros, Stefano Micossi, 30 October 2008

The euro is plunging and EU banks are coming under renewed pressure. There is a strong demand for ‘European’ bonds as well as a need for massive government capital infusions to prevent the crisis from getting worse in the banking sector and the European periphery. This is why the EU should set up a massive European Financial Stability Fund.

Marco Pagano, 17 October 2008

EU leaders have agreed on a bail-out plan but much is still unknown about its details. How will governments act as equity shareholders? Who will deal with cross-border banks? This column discusses the need for a Euro-area bank supervisory authority, as financial integration has outpaced regulatory integration.

Tomaso Duso, 30 July 2008

How do we know if EU competition authorities are approving the right mergers? This column presents research that tracks how competitors’ stock prices react to merger news to infer when the authorities err. The European Commission is not doing badly, but it has room for improvement.

Stefan Tangermann, 22 July 2008

New research shows that India, China, and speculators are not the culprits in the food price explosion. Biofuels were a significant element in the 2005-2007 food price surge as they accounted for 60% of the growth in global consumption of cereals and vegetable oils. There cannot be any doubt that biofuels were a significant element in the rise of food prices. Since new research also shows that biofuel support policies are disappointingly ineffective on environmental grounds, governments should reconsider them.

Patrick Messerlin, Jinghui Wang, 24 May 2008

EU-Chinese trade relations are disappointingly stagnant. This column proposes a new European strategy for China, suggesting a small, feasible bargain to jump-start economic engagement with the emerging giant.

Timothy Hatton, 14 February 2008

Europe is moving towards immigration policies that favour the acceptance of highly skilled applicants. This column summarises research showing that such policies may have some effect but cautions that there are limits to the power of selectivity.

Peter Draper, 29 January 2008

Many African economies recently signed economic partnership agreements with the European Union. This commentary analyses the agreements and identifies some significant challenges for future Africa-EU trade relations.

Marco Buti, Adriaan Dierx, Fabienne Ilzkovitz, Nuno Sousa, 13 December 2007

The EU has adopted a new approach to completing the Single Market. Choice of policy measures are not made ex-ante, but rather ex-post, following a period of market monitoring and analysis. Here are some of the new market-monitoring tools to be used.

Sebnem Kalemli-Ozcan, Bent Sørensen, 28 November 2007

Europe’s capital markets are far from integrated. Here is some very innovative research that combines financial integration measures with ‘social capital’. It turns out that the market fragmentation stems in a large part from a lack of trust and confidence in certain regions and nations – things that the EU cannot directly affect.

André Sapir, 19 October 2007

The era when the EU focused on internal integration, leaving its external policy to be a by-product of internal dynamics, is over. In today’s fast-changing and challenging international environment, external economic relations have become too central an issue to the EU for it to remain a fragmented power. This column introduces a series of columns discussing how Europe might boost its influence in the world of economic policy-making.

Peter Draper, 12 August 2007

The EU must finalise trade deals with developing nations by January 2008. Problems abound and EU special interest politics threaten to stand in the way of an outcome supportive to African development needs.

Richard Baldwin, 09 June 2007

Public debate on the new treaty focuses on marketing issues (re-packing) or extreme generalities (mini-treaty), but there are important choices to be made, and the various reform elements – such as voting rules, the number of Commissioners and removal of the famous Maastricht pillars – interact in complex ways. First in a series of 4 columns on the issue.

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