The making of a supply shock: Tariff propagation via domestic production networks
President Trump’s “Liberation Day” announcement triggered a discussion of whether import tariffs can reduce trade deficits or boost certain industries. This column develops a model,
The macroeconomic effects of introducing a central bank digital currency
Central bank digital currencies are gaining traction as a potential innovation in central banking, with numerous countries considering their implementation. However, given the limited real-world
Nature markets: how can credits and shares provide durable, additional finance?
Nature markets can boost conservation funding, but strong standards and public support are vital for lasting, equitable ecological benefits Natural ecosystems are declining rapidly, ultimately threatening economies,
Building coalitions for climate transition and nature restoration
Global climate and biodiversity outcomes will largely be determined in emerging and developing economies (EMDEs). We propose a four-pillar strategy to support climate and nature
Reconciling the European Union’s clean industrialisation goals with those of the Global South
Importing energy-intensive goods would be more efficient for EU clean industry goals than importing clean energy itself. Clean industrialisation is a political and economic priority
The time is right to make a European Union-India trade deal happen
Nearly 20 years have passed since the EU and India started negotiations on a bilateral trade and investment agreement. After seven years of intense negotiations,
Relaunching Europe’s space economy
The global space sector is evolving rapidly. No longer limited to scientific missions and Cold War rivalries, it has become a critical arena for commercial
How firms navigate parental leave: Evidence from Austria
Faced with declining fertility rates and persistent gender gaps, governments have expanded policies to support working families. But sudden increases in allowable parental leave can
The Grexit debate ten years on: What we have learned
This week ten years ago, Greece was on the brink of exiting the euro. The integrity of the currency union was again in jeopardy after
The market implications of industrial subsidies
Governments are increasingly employing industrial subsidies, raising questions about their market implications. This column undertakes a thorough econometric testing of the causal impacts of subsidies
