Macroeconomic policies for AI
While some observers argue that artificial intelligence may lead to large productivity gains, there are also concerns that it may lead to technological unemployment and
How to get the Green and the Deal: Recalibrating EU industrial policy
Europe is recalibrating its industrial policy in response to external challenges including China’s state-driven overcapacities and protectionist US tariffs, but also as an opportunity to
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
Central bank digital currency, the future of money, and politics
A number of concerns have been raised regarding retail central bank digital currency. These range from competition and innovation, privacy issues, and monetary sovereignty. This
Ray of hope? The rise of solar energy in China
China’s solar industry is a poster child for the country’s economic rise over the last four decades. The output of Chinese solar grew by 76%
AI and the distribution of income between capital and labour
The swift rise of artificial intelligence is raising fundamental concerns about the future of work. This column uses data from 238 regions across 21 European
The venture capital challenge for Europe
In recent decades, European firms’ share of global venture investment activity has remained flat or even declined. This gap is linked to a lower rate
The future is under the glass
Digital design increasingly confers a competitive edge in global tech markets. This column examines how the award to Apple of damages for, among other things,
Winners and losers from remote work: How firm capabilities impact productivity
Work from home is now a permanent feature of how firms organise production, yet its effects on productivity remain unclear. Using new data covering all
When broadband comes to banks: Credit supply, market structure, and information acquisition
Banks have long relied upon cutting-edge technologies to deliver products and improve efficiency, but there is limited evidence on the impact of fast internet on
