Climate change mitigation pathway: The 24-hour economy
It is increasingly perceived as an integrated sustainability solution for transforming how global cities function. As the sun soars and global cities set record temperatures,
When debt perceptions shape fiscal futures
Voters fear debt, but they do not understand it. Using data across 13 countries, this column shows that most people dramatically misjudge debt levels and
Reimaging public finance management: From spending control to delivering outcomes
For as long as governments have existed, so has public financial management (PFM). This approach has always been explicitly designed to ensure the efficiency and
What Germany’s medium-term fiscal plan means for Europe
EU leniency on Germany’s fiscal plan highlights rule rigidity and the need for reform to support investment. Germany’s July 2025 medium-term fiscal-structural plan exposes the
Saudi to offer steel projects worth $16bln
They aim to tackle supply gap. Saudi Arabia has completed a study about the optimal options to address the supply shortage in the domestic steel
Integrating pollution registers for corporate climate-risk assessment
Corporate climate risk disclosures are costly and often a mere box-ticking exercise. In November 2024, the Omnibus Environmental, Social and Governance Regulation was announced in
Loose monetary policy, dollar depreciation, and debt sustainability: Do not forget Venice
History suggests that using lax monetary policy and a weaker currency to address debt sustainability is a dangerous game. This column revisits a unique early
The Blue Bond proposal
How can the euro area’s return to fiscal sustainability be organised in view of soaring debt levels and the sovereign debt crisis? How can debts
From words to deeds: Incorporating climate risks into sovereign credit ratings
Climate-related risks are increasingly recognised as an important threat to long-term fiscal sustainability. This column studies the extent to which credit rating agencies integrate these
Time to be strategic: How public money could power Europe’s green, digital, and defence transitions
After the June NATO summit, Europe faces greater challenges in funding its green, digital, and defence transitions, as new defence commitments strain national and EU
