How should the European Union budget be revamped to meet the pressing collective challenges of climate change, competitiveness, defence, enlargement and response to unforeseen shocks? This Blueprint evaluates the extent to which current spending goes to European public goods and identifies significant misalignments between budget allocations and areas in which EU-level provision offers the greatest […]
The recent surge in inflation has led to a significant increase in the frequency of price changes. This column argues that price flexibility has an impact on the effectiveness of monetary policy. In high inflation periods, frequent price changes make monetary policy more effective in reducing inflation with less impact on economic activity. Therefore, monetary […]
The transition to clean energy will require a significant reallocation of technological investments away from fossil energy sources towards cleaner alternatives. This column investigates whether leveraging the technological capabilities in the fossil energy supply chain can help incentivise this reallocation with the required speed. Using data from Norway, the authors highlight an underexplored channel for […]
