Should the European Central Bank slow down quantitative tightening?
The ECB could slow down QT in response to currently tight financial conditions, but should communicate its intentions with care. Since early 2023, the European
Buyer beware: a taxonomy of the risks of international carbon credits
As the EU reintegrates international carbon credits into its climate framework, understanding the associated risks is essential. For more than a decade, international carbon credits
Prevention at birth: Birthright citizenship reduces youth crime
When youth crime draws public attention, policymakers typically call for tougher policing and harsher sanctions, overlooking the crime-reducing benefits of early prevention – investments in
The impact of trade wars on firms in third countries
Bilateral trade shocks may reallocate demand and competition across countries, creating spillovers for firms in bystander countries. To study how firms respond to trade shocks
Making AI work: From promise to practice
AI is here. Over 3 billion people globally use generative AI (genAI) like ChatGPT or Baidu’s Erni Bot monthly. AI helped researchers discover new proteins (and get
When two AI systems become one: unifying data and knowledge in global trade
Navigating global trade data is often a dual challenge for policymakers and researchers: finding the right numbers is hard, but understanding exactly what those numbers
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
Measuring capital account openness: Why intensity matters
Recent debates have highlighted the trade-offs between maintaining openness to foreign capital and safeguarding macroeconomic and financial stability, but measuring the level of capital account
When energy shocks bite harder: Non-linear inflation dynamics
The conflict in the Middle East has exposed the euro area to higher energy prices. Using a flexible empirical framework, this column shows that inflation
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
