The case for a European Union digital enforcement authority
The European Union’s digital rulebook could be better enforced by delegating some of the European Commission’s powers to an independent agency. The European Commission plays
Fiscal drag in Europe: How inflation is quietly affecting public revenue
The 2022 inflationary spike in Europe has brought renewed interest in fiscal drag. Using harmonised microdata for 21 European countries, this column documents that the
The EU’s path to service growth and clean tech
The US is taking actions to reshore manufacturing while largely abandoning decarbonisation. This column argues that, in response, the EU should capitalise on the potential
An analysis of the EU telecom sector’s ability to remunerate its cost of capital
The EU’s digital economy relies on investments by the telecoms industry to keep the bloc at the forefront of digital innovation and connectivity. However, the
The limited effects of regulating greenwashing: Evidence from Europe’s Sustainable Finance Disclosure Regulation
Disclosure-based regulation is often seen as a low-cost way to address greenwashing. This column uses European mutual fund data to assess the impact of the
Macro-financial disconnect in the euro area: Assessing tail risks to euro area growth and equities
The euro area is experiencing a combination of low growth and persistently high policy uncertainty, but financial conditions are remarkably supportive and valuations now look
The European Union needs more than the digital omnibus to make digital services competitive
European Commission plans to streamline digital rules introduce new inconsistences and fall far short of transformative reform. The European Commission’s digital and artificial intelligence omnibus
Simplification without disempowerment: Rethinking the Digital Omnibus Regulation
The European Commission’s Digital Omnibus Regulation Proposal represents a major attempt to streamline and rationalise Europe’s increasingly complex digital regulatory landscape. This column argues, however,
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
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
