Cheaper machines, costlier buildings: The drag on long-run growth
The steady decline in the relative price of equipment has long been seen as a primary engine of long-run growth. This column documents a quieter,
Global trade linkages and the cross-country distribution of the gains from AI
Productivity gains from AI are expected to be significant, but how international trade shapes the cross-country distribution of these gains remains an open question. This
The word is not enough: Testing the effects of information treatments on perceived corruption in Ukraine
Despite significant progress in fighting corruption since 2014, corruption perceptions in Ukraine are extremely high, while the government’s willingness to fight it is seen as
A smarter approach to electricity rationing
Ukraine’s grid operators have primarily relied on rotational outages to manage power scarcity, but this effectively functions as regressive tax on those least equipped to
Europe needs a strategy to close the artificial intelligence compute gap
In its bid to compete with the US on AI, Europe could learn from both China and from the classic Airbus industrial policy case. The
Understanding spatial barriers to jobs and much more with GeoE3
Access to jobs is influenced by where people live and the conditions that surround them. Spatial factors such as infrastructure, safety, and exposure to natural
Challenges to the integration of the Western Balkans into European Union supply chains
Western Balkan economic integration with the European Union has advanced significantly over the past two decades, driven by trade liberalisation and significant EU foreign direct
Building Resilience in Europe and Central Asia: A Smart Investment for Growth and Jobs
The data is clear: Investments in adaptation and resilience deliver high economic returns but remain insufficient and poorly targeted. Evidence shows that targeted, early investments
The different effects of oil and gas supply shocks on euro area inflation
The surge in energy prices since March 2026 has revived questions about the pass-through to consumer prices. This column argues that oil supply shocks have
Capitalising on Europe’s strengths
In recent years, the European economy has shown remarkable resilience, whilst continuing to transform. This column reveals how EU firms have adapted supply chains and
