Publications
Economic analysis and policy recommendations based on rigorous academic underpinnings
Recent publications
Three risks that must be addressed for new European Union fiscal rules to succeed
The reform, completed in April 2024, left implementation unaddressed, or at least open to very different potential outcomes
Rippling out: Biden’s tariffs on Chinese electric vehicles and their impact on Europe
The US approach diverges from that of the EU, which is building a case for countervailing duties under WTO rules
Unpacking China’s industrial policy and its implications for Europe
This paper assess how beneficial industrial policy has been for China and how exportable to the European Union its model might be
How to de-risk: European economic security in a world of interdependence
The question is how exactly the EU should ‘de-risk’ its external economic relationships without foregoing the benefits of trade.
Using the financial system to enforce export controls
Russian imports of battlefield goods that are subject to export controls, including from Western producers, have surged since mid-2022
Publication list
Working paper
29 June 2023
What would Europeans want a European defence union to look like?
This working paper explores public support for European defence union, revealing preferred policy features and the impact of political feasibility.
Policy brief
28 June 2023
The EU can manage without Russian liquified natural gas
How can the European Union achieve its target of eliminating all Russian fossil-fuel imports by 2027?
Analysis
26 June 2023
The Listing Act: no more than a minor boost to EU equity markets
Streamlining of the company listing process is welcome, but more fundamental reform is needed to revive the European Union’s flagging equity markets.
Policy brief
22 June 2023
Working paper
21 June 2023
China’s quest for innovation: progress and bottlenecks
We identify three potential bottlenecks that might be hindering the translation of China’s innovation efforts into productivity growth.
Policy brief
20 June 2023
Can Chinese growth defy gravity?
This paper discusses China’s growth for the next two decades, identifying the main challenges and factors that could mitigate its deceleration.
Working paper
13 June 2023
Antitrust issues raised by answer engines
This paper outlines some early antitrust issues related to answer engines and the response competition authorities should adopt.
Policy brief
12 June 2023
The value added of central bank digital currencies: a view from the euro area
Central bank digital currencies do have added value, but this is not the same for every country.
Analysis
06 June 2023
Between a rock and a hard place: the EU response to national import bans on Ukrainian grain
The European Commission had to choose between imperfect alternatives because of frontline state backlash against massive Ukrainian grain imports.
Analysis
05 June 2023
European public opinion remains supportive of Ukraine
Public support for Ukraine is holding up in allied countries, but preparations should be made for scenarios in which support ebbs away.
Working paper
01 June 2023
A new measure of aggregate trade restrictions: cyclical drivers and macro effects
In this paper, we present a new measure of aggregate trade restrictions.
Policy brief
31 May 2023
The rising cost of European Union borrowing and what to do about it
Interest rates on the EU debt have risen substantially since 2022: what are the main drivers and implications and what to do about it?
Working paper
30 May 2023
Employer perspectives on employee work location: collaboration, culture and control
Employee surveys across different countries indicate that employees prefer working remotely and do not want to return to the office full time.
Policy brief
17 May 2023
Adjusting to the energy shock: the right policies for European industry
In its industrial strategy response, the EU must ask if the energy-intensive parts of the value chain should be outsourced permanently.
Analysis
17 May 2023
Cleantech manufacturing: where does Europe really stand?
A single European Union cleantech manufacturing capacity target should be based on an understanding of the situation in each cleantech sector
Analysis
09 May 2023
The problem with preferential trade agreements
Preferential agreements can be an alternative to a sclerotic WTO, but, if multilateral rules fail, they also risk conflict between trading blocs
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