Who Wants to Deregulate Finance?
Since a revolving door was installed at the entrance to the West Wing of the White House, it has been difficult to keep track of
Economy
Analysis and debate on the European economy: growth and investment, fiscal and monetary policy, trade, industry and inequality.
The Promise Of Fiscal Money
Western capitalism has few sacred cows left. It is time to question one of them: the independence of central banks from elected governments. The rationale
Strong Euro Is Here To Stay
The euro rally on FX markets really begins to look interesting now: 1.2 on the Dollar, a level never experienced since January 2015, just before
Activation Into In-Work Poverty?
A job is the best way out of poverty. This is a widely held belief among European policy-makers. Therefore, labour market reforms in European countries
Is It Time To Take Away The Carbon Punch Bowl?
Climate change poses serious financial risks. Perhaps the biggest systemic risk is a disorderly transition to a low carbon economy. As noted in the Bank
The Euro Area’s Future: Rigorous Reforms – And More Solidarity
Right at its 60th anniversary, the European Project is facing real challenges. The most obvious, perhaps, is the decision of the British people to leave
The New Socialism Of Fools
According to mainstream economic theory, globalization tends to “lift all boats,” and has little effect on the broad distribution of incomes. But “globalization” is not
Why Do Cities Become Unaffordable?
Inequality is usually measured by comparing incomes across households within a country. But there is also a different kind of inequality: in the affordability of
Macron And The EU Financial Transaction Tax
Christian Proaño and Thomas Theobald
What do I care about my chitchat of yesterday? The famous statement of German Chancellor Konrad Adenauer could well have been repeated by French President
Beyond Fantasies Of Industry 4.0
As global capitalism advances through the second decade of the 21st century, three observations stand out: Deflation, i.e. collapse of all prices (inclusive of wages
Away from Oil: A New Approach
The time of large SUVs is over: this is what experts in the automobile industry said in 2008, when the oil price was at its
The Ordoliberal Ghost
Driven by the politics of resolving the Euro crisis, ordoliberalism has sparked great academic interest in recent years. To many observers, this school of thought
Inequality In Europe: What Can Be Done?
Since the 1940s, the Left in most western European countries has relied on a combination of four strategies to tackle inequalities in the distribution of
The Inflation Target Trap
Central banks have a problem: growth in much of the world is accelerating, but inflation has failed to take off. Of course, for most people,
Employment Shifts In Europe During The Recovery: Three Little Noticed Trends
The EU has finally recovered all the net employment losses sustained since the global financial crisis. It has been a long and painful process. But
The Real Measure Of Inequality
We talk a lot about inequality but the data we rely on is subject to substantial errors since much income and wealth goes unmeasured and