Reviewing the ECB’s monetary policy strategy in the age of polycrisis
The ECB concluded its last monetary policy strategy review and adopted a new strategy in 2021, just before the unprecedented surge in inflation. Three years
Heterogeneous effects of monetary tightening in response to energy price shocks
Starting in mid-2021, energy prices soared to unprecedented heights. Initially driven by the global post-pandemic rebound, this was exacerbated by the Russian invasion of Ukraine.
Evaluation of a new international policy instrument to curb offshore tax evasion: Global information sharing of bank information
While the financial secrecy of offshore tax havens has historically created ample tax evasion opportunities for wealthy individuals, automatic information exchange between tax authorities is
Bad samaritans in foreign aid
Critics of foreign aid are often quick to point out the faults of recipient countries. This column looks at the motives of the donor countries
The financial accelerator within and between countries
Assets prices can amplify economic cycles through their effects on firm investment. Furthermore, these effects vary depending on firm size, with larger firms being better
Women’s political representation matters: Evidence from school closures during the pandemic
The notion that politicians’ identity, including their gender, can influence policy outcomes is supported by a growing body of empirical research. This column reports a
Financing Europe’s grand ideas
A large proportion of the financing needs for Europe’s digital, energy, and demographic transitions, as well as defence, will have to be covered by public
Beneath the surface: What medieval mobility reveals about intergenerational wealth transmission
The Middle Ages are widely understood as an era of economic immobility. This column uncovers a more nuanced picture. Wealth transmission in late medieval Florence
Enhancing the resilience and security of EU supply chains
A large share of EU firms experienced supply chain disruptions in recent years. This column shares highlights from the 2024 European Investment Bank report on
Trade spillovers of industrial policy
As governments increasingly resort to industrial policy to achieve economic and non-economic objectives, the number of subsidies has more than tripled in the last decade.
