Strategic autonomy for Europe requires economic growth
The current US administration’s willingness to weaponise trade makes clear that transatlantic economic relations have become entirely transactional. This column, taken from a CEPR book
Unpacking US tech valuations: An agnostic assessment
The recent performance of the largest US tech companies has raised concerns about the risk of a stock market bubble. Using a three-stage pricing model
Europe’s trade surplus, international relative prices, and the productivity growth gap
The euro area faces persistently weak productivity growth alongside a sustained trade surplus and a trendless real exchange rate. This column shows that persistent productivity
Economic development, carbon emissions and climate policies
If economic activity is considered the primary driver of climate change through emissions of carbon dioxide, then supporting economic growth and fighting emissions would appear
How dirty air hurts economies in Europe and Central Asia and what can be done
Worldwide, air pollution is an “equal opportunity offender” impacting high-, middle-, and low-income countries. While low- and lower-middle-income countries bear the brunt of air pollution, middle-
Reimagining development in fragile and conflict-affected settings
Fragility is no longer the exception. It is the new development realityFragility, conflict, and violence (FCV) are not abstract to us. They are lived realities.
Navigating the human impact of disasters: Introducing a new climate toolkit
Droughts, floods, storms, and heatwaves are no longer isolated events—they are reshaping how people live, work, and thrive. Beyond damaged roads or lost harvests, disasters
Unlocking SME growth: Key lessons from Ecuador’s loan program
Governments and development institutions spend billions to help small businesses access financing, hoping this will create jobs and support inclusive economic growth. But we don’t
Tariffs and US dollar depreciations: Not so surprising after all
To many, the US dollar depreciation following the ‘Liberation Day’ tariff announcement on 2 April 2025 defied conventional wisdom. However, open-macro models predict that the
Attrition in surveys in developed country field experiments
One of the remarkable things about many field experiments done by development economists is the low attrition rates that have been achieved in many surveys.
