The ‘hidden giant’: How official statistics underestimate the true scale of global services trade
Trade in services has been relatively neglected in trade policy debates. This column argues that this is partly due to the fact that ‘mode 3’
Sino-EU battery electric vehicle dispute: Mixing tariff and non-tariff measures
The rise in the use of non-tariff measures, especially in the form of antidumping duties and countervailing duties, has dramatically changed the landscape of trade
Addressing banks’ vulnerability to runs, part 1: Facts, arguments, and policy challenges
The bank failures in March 2023 revived old debates about the role of deposit funding for banks, the best way to address the fragility inherent
War and transnational reshoring
Firms can react to geopolitical and supply chain shocks by altering their input sourcing and sales destination choices. This column presents new evidence of the
A picture of income inequality and middle classes across the EU
Concerns about growing inequality and a shrinking middle class are deeply ingrained in European public perceptions. This column provides a more nuanced picture of Europe
Spillovers to emerging markets and investor heterogeneity
The recent rise in interest rates worldwide has reignited the debate over its implications for emerging market economies. This column uses data for the euro
Climate beliefs and asset prices
Climate-related risks, both those related to the warming of the planet and those related to our actions to mitigate it, are a factor in asset
Underlying inflation: Zooming in on goods versus services
All of the measures regularly monitored at the ECB of underlying inflation, which captures the ‘signal’ on medium-term inflationary pressures, have come down since the
EU governments face pivotal vote on Chinese EV tariffs
European Union members face a pivotal vote on Friday on whether to impose tariffs of up to 45% on imports of Chinese-made electric vehicles in
Oil prices little changed as Middle East conflict, ample supply outlook weigh
Oil prices were little changed on Friday, but remained on track for strong weekly gains, as investors weighed the prospect of a wider Middle East
