A more resilient Europe faces a renewed energy shock – but difficult trade-offs may resurface
The conflict in the Middle East has triggered a renewed energy shock for Europe. While the macroeconomic impact is currently expected to remain more contained
Oil shocks, remittances, and growth: the data behind South Asia’s energy vulnerability
Consider a family whose income has suddenly fallen short of covering basic needs. Fuel costs have risen, reducing what the household budget can afford, and
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
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
Understanding the global clean tech manufacturing slowdown
Investment in clean technology manufacturing facilities is falling worldwide. After peaking at $70 billion in 2023, quarterly manufacturing investment more than halved to $35 billion
Quantifying the impact of the Iran war on US inflation
The outbreak of the Iran war in February 2026 has led to a major disruption to oil trade and a surge in oil prices. This
When public money multiplies, and when it does not: A guide to the catalytic effect of blended finance
Achieving sustainable development goals needs blended finance, where public money is used to crowd in larger private capital flows. The catalytic multiplier is a central
Geopolitical oil price shocks: Why these shocks hit harderGeopolitical oil price shocks: Why these shocks hit harder
When geopolitical crises strike, oil prices often surge, with consequences that extend far beyond energy markets. This column shows that oil price shocks associated with
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
