The aftermath of tariffs
The tariff spree during the first 100 days of the current US administration created bewildering economic policy chaos. The first 100 days also marked the
China’s electronics export juggernaut and lessons for the US
In 2021, China’s electronics exports exceeded those of the other five leading exporters combined. This column analyses the rise of China as a centre for
The Blue Bond proposal
How can the euro area’s return to fiscal sustainability be organised in view of soaring debt levels and the sovereign debt crisis? How can debts
The Chinese economy: stimulus without rebalancing
China’s growth model has continued to rely on expanding industrial capacity and exporting to the world, rather than on domestic consumption. This has lead to
Plugging Europe’s investment gap: understanding the potential of leveraging institutional investors
Expanding funded pensions via auto-enrolment could boost long-term investment and saver security, allowing the EU to address its investment gap. The European Union faces a
Trumpian tariffs are import substitution industrialization 2.0
The new Trumpian tariffs are not the familiar protectionism G7 nations have applied for decades. Instead of shielding particular sectors, they wall off the entire
How institutions interact with exchange rates after the 2024 US presidential election
Within minutes of the result of the 2024 US presidential election becoming clear, it triggered a global tremor in currency markets. This column investigates how
The financial sector and global dollar system
The current US administration’s approach to financial markets and institutions mixes familiar deregulatory policies with a range of other policies that are largely without precedent.
The new currency war: The US-China digital rivalry as a test of monetary discipline
Digital currencies pegged to fiat money face a built-in tension between credibility and competition, creating a ‘stablecoin paradox’. This column analyses the competing frameworks of
The (non) effect of tariffs on manufacturing employment
The two most prominent arguments President Trump has advanced for his trade war – both during the early months of his second term, and for
