Enclosing the market
Despite increasing criticism of Big Tech, the business models of leading digital companies are still widely admired. That’s a problem.
Economy
Analysis and debate on the European economy: growth and investment, fiscal and monetary policy, trade, industry and inequality.
The politics of currencies
Adam Tooze argues that worrying about the euro exchange rate and a non-existent inflation enemy in Europe must give way to fiscal and monetary demand boosts.
Renovating Europe: a path to green recovery
A green recovery from the pandemic would heal its social scars by quickly creating jobs and fostering inclusion.
US economy mired in viral stagnation loop
The travails of the US economy come amid a politics never so poisonous since the civil war.
Public debt monetisation and the credibility of the ECB
What stops public debt being monetised to avoid the pain of prolonged austerity after the pandemic? An obsolete economic theory of ‘credibility’.
The debt predators
The financial system has turned credit intermediation into a debt mint.
Pushing Europe’s economic levers for a greener world
The EU is reconsidering its approach to deforestation and palm oil. This could be a good thing.
Time to tackle the tax dodgers
With some bailed out companies continuing to pay dividends, the focus should shift to making big corporations contribute to the cost of recovery.
Priorities for the Covid-19 economy
The most urgent policy priorities have been obvious since the beginning, but they will require hard choices and a show of political will.
Emerging stronger from the crisis
Europe needs to do more at federal level if a recovery plan is to be successful.
Let this time be different!
Europe needs a green industrial recovery strategy to exit the pandemic.
Fiscal regimes and equality among states
Amid talk of a ‘Hamiltonian moment’, the Next Generation EU recovery fund recalls a later US Treasury secretary as a fiscal union emerges.
The Covid-19 crisis: inflationary or deflationary?
Peter Bofinger warns especially German inflation-phobes that deflation is a greater downside risk in the aftermath of the pandemic.
A global economy in uncharted waters
Governments must learn from the financial crisis if they are not to repeat the errors of the recovery from it.
Time to expose the reality of ‘debt market discipline’
As another sovereign-debt crisis looms, Adam Tooze warns against repeating the mistake of delegating to anonymised ‘markets’ accountable political choices.
Europe’s leaders must stem falling trust
A mass online survey across the continent has found Europeans reeling from the coronavirus crisis—and losing trust in their leaders’ ability to manage it.