From European public goods to a European safe asset: A pragmatic roadmap
The search for a European safe asset has generated no shortage of proposals, but these proposals require, from the outset, a degree of mutual trust
Industrial policy, tariffs, and the return of global imbalances
Has the rise of industrial policy driven an increase in global current account imbalances? Can tariffs fix them? This column revisits these questions. Looking at
Global economy shows signs of steady but subdued growth: UN
The World Economic Situation and Prospects 2026 predicts that global economic output will grow by 2.7 percent this year. The global economy has shown resilience
Global economy set for 2.7% growth; trade tensions cloud outlook
Policymakers face an increasingly complex inflation landscape, where supply risks call for a more coordinated and forward-looking approach. Global economic output is forecast to grow
Global economy shows signs of steady but subdued growth: UN
The World Economic Situation and Prospects 2026 predicts that global economic output will grow by 2.7 percent this year. The global economy has shown resilience
Post-pandemic trends in extreme poverty around the world
Years of shocks and imbalanced recoveries have significantly impacted longstanding global poverty trends. In just the last five years, the economic pressures induced by the crises of
The EU fiscal framework undermines innovation and security
European member states may now exceed deficit limits if the borrowing finances defence. This column argues that this fiscal exemption is economically incoherent: it subsidises
Political power and profitable trades in the US Congress
The debate over whether US members of Congress should be allowed to trade individual stocks has become a mainstream policy concern. This column uses data
Then and now: A look back and ahead at the US federal budget
There is now widespread concern that the US faces an unsustainable fiscal future under current policies. The rise in the debt-to-GDP ratio since 2001 can
Spending smarter: A powerful growth strategy
With high public debt and weak medium-term growth, finance ministries seek to do more with less. This column argues that efficiency gaps in public spending
