Better regulation in the European Union needs a fresh start
A solid EU better regulation framework is undermined by gaps in coverage and quality, making consistent application and stronger oversight essential. Despite having developed a
The limited effects of regulating greenwashing: Evidence from Europe’s Sustainable Finance Disclosure Regulation
Disclosure-based regulation is often seen as a low-cost way to address greenwashing. This column uses European mutual fund data to assess the impact of the
How the tariff war shock affected the ‘safe asset’ privilege of US Treasuries
US Treasury securities serve as the global safe asset due to their extreme safety and liquidity. However, the tariff shock in April 2025 led to
Winners and losers from remote work: How firm capabilities impact productivity
Work from home is now a permanent feature of how firms organise production, yet its effects on productivity remain unclear. Using new data covering all
Building bank resilience by Additional Tier 1 debt reform
EU bank regulation under Basel III ensures bank solidity but often creates barriers to EU financial integration. Additional Tier 1 contingent convertible debt is designed
You only live twice: A growth strategy for Ukraine
Between regaining independence in 1991 and the Russian invasion in 2022, Ukraine went from being on par with the more prosperous economies of the former
Income, democracy, and growth: Broadening the perspective
Does prosperity bring democracy? Does democracy boost prosperity? This column argues that the answer to both questions depends critically on whether a country has made
Geopolitics as a monetary shock: The ‘silent tightening’ in the European banking system
Geopolitical tensions have once again seized the centre stage of macroeconomic policy debates. From Russia’s ongoing war in Ukraine to instability in the Middle East,
Trump’s mortgage-backed bond purchases not moving needle on housing costs
Experts say $200bln bond-buying effort unlikely to significantly lower housing costs. There’s scant evidence so far that U.S. President Donald Trump’s bid to make housing
Trump tariff shift calms European bond market
That has helped at least to put a floor under euro zone bond prices. Euro zone bonds steadied on Thursday with longer-dated bond yields dropping
