How The OECD Wants To Make Globalisation Work For All
Worried by the populist backlash against globalisation, a big crowd of ministers, politicians and economists participated last June in the annual OECD week in Paris
Economy
Analysis and debate on the European economy: growth and investment, fiscal and monetary policy, trade, industry and inequality.
The Greek Economy Is Recovering And Exiting The Crisis
The latest data from Eurostat shows that the Greek economy is steadily entering a growth phase, after many years of recession. Investments are increasing and
The Euro’s Narrow Path
With Emmanuel Macron’s victory in the French presidential election, and Angela Merkel’s Christian Democratic Union enjoying a comfortable lead in opinion polls ahead of Germany’s
Economic Sovereignty: A Delusion
It has been Conservative policy in Britain since Mrs Thatcher to reduce the size of the state in pursuit of some golden age where private
How Bad Will Brexit Really Be For The UK?
The great majority of the economic forecasts have concluded that Brexit will damage the UK economy. In the case of ‘no deal’ between the UK
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
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