The economics of the second Trump administration
As soon as he took office for the second time, Donald Trump made it clear that there would be dramatic changes in US government policy.
The political economy of climate policy: Evidence from the American Clean Energy and Security Act
Comprehensive national climate legislation remains elusive in the US. Linking district-level employment to roll-call behaviour in the 2009 House vote on the American Clean Energy
Raising employment among women and older workers: A policy lever for ageing economies
Declining working-age populations are set to weigh on growth across economies where the European Bank for Reconstruction and Development invests and beyond, with demographic projections
Why EU innovation policy fails to promote disruptive innovation
Europe’s long-term prosperity depends on its ability to generate and absorb disruptive innovation. This column argues, however, that the European Commission’s proposed 2028–2034 Multiannual Financial
Demographic change: Headwinds for economic growth
With fertility rates falling and populations ageing worldwide, the impact of demographic change on economic prosperity has become a central policy concern. This column uses
Trailing with a margin: Official macro forecasts in EU fiscal surveillance
Budgetary planning in the euro area involves a codified interaction between national governments and the European Commission where economic and fiscal forecasts play a crucial
Hidden exposures in domestic supply chains: The spread of foreign trade risks
Understanding how foreign shocks affect economies has become a policy priority. Using domestic firm-to-firm transaction data matched with customs records, this column shows that Italy’s
Aligning drug prices and innovation: How global spillovers shape the future of medicines
As the US and EU push forward with drug-pricing reforms, the topic has moved to the centre of political debate. This column shows how national
The overlooked power of communities in poverty measurement
As with the informal economy, the lack of data on social capital in developing nations has contributed to its exclusion from poverty models. However, if poverty
The complex linkages between euro area insurers and sovereign bond markets
Over the past decade, euro area insurers have been challenged by the prolonged period of low interest rates until 2022 and climate-related risks, particularly for
