The high price of the fight against inflation: The case of the euro area

The fight against inflation has largely been won in the euro area, after a sharp but short-lived inflation episode over 2021-2023. This column argues that

Tariffs cannot fund the government: Evidence from tariff Laffer curves

Until the late 19th century, states raised most of their government revenues from import tariffs. This column asks whether the practice could work today. A