Defending Europe without the US: first estimates of what is needed
“Some in Europe may be frustrated with Brussels. But let’s be clear – if not Brussels, then Moscow. It’s your decision. That’s geopolitics. That’s history.” Volodymyr Zelenskyy.
Clean industrial transformation: where does Europe stand?
The European Union’s Clean Industrial Deal, due to be proposed on 26 February 2025, will be a plan to create a conducive business environment for
Greening the EU budget: why climate mainstreaming needs reform
The European Union’s commitment to the fight against climate change is pursued in part through budgetary mainstreaming, which aims to integrate key policy priorities, such
Europeans still want climate action, but don’t trust governments to deliver
Election results in 2024 have been interpreted as European voters turning against climate and environment policies. In the European Parliament elections, for example, the vote
Gender diversity and economic growth
Most macroeconomic and growth accounting models assume that male and female workers are perfectly substitutable in the aggregate production function. Whether this assumption is valid
Paternalistic preferences in the United States
Individuals sometimes make choices that harm their welfare due to incomplete or misleading information. This column presents findings from a large-scale experiment in the US
Trade shocks and relative consumption: Why the European middle class is turning to the far-right
The literature on the economic origins of political radicalism revolves largely around the ‘China shock’. Yet, trade not only causes shifts in the labour market
Monetary policy transmission in the euro area: Why this time it’s different
The unprecedented surge in prices since 2021 led the ECB to embark on the fastest tightening cycle in the euro area’s history. This column analyses
AI-powered research generation: Promise and perils for academic finance
Artificial intelligence is transforming academic research, raising both opportunities and concerns. This column shows how large language models can generate entire research papers, integrating empirical
Over-optimism and consumer credit regulation
Some consumers are over-optimistic about their future income and underestimate the probability of experiencing negative income shocks, while others have more accurate (‘rational’) beliefs. This
