Policy Contribution
An earlier version of this paper was presented at ‘The MPC at 25’, a conference organised by the United Kingdom’s National Institute of Economic and Social Research, in London, 30 March 2022 The process by which central banks take decisions has evolved over the years, with a tendency towards independence and decisions taken by committees […]
Policy Contribution
A stronger adaptation governance framework would benefit adaptation efforts.
Blog Post
Crucial decisions about whether a country can join the euro area depend on questionable discretionary decisions.
Past Event
What would increase government support around EU enlargement, and what role could membership play in future peace talks?
Blog Post
The European Central Bank needs a new tool to prevent the current rise in spreads, triggered by monetary policy tightening, from escalating into a new euro-area crisis.
Opinion
The real issue for EU leaders when they discuss Ukraine’s application at a 23-24 June summit and beyond, is what kind of club the EU should be.
Past Event
In the latest installment of the Sound of Economics Live we debate whether Ukraine's accession to the EU should be facilitated.
Past Event
How is the European Stability Mechanism responding to crises, and what will the future of the ESM look like?
External Publication
The ECB should design a specific tool that will accompany interest rate hikes to neutralise the risk of fragmentation directly for countries facing it, staying within the bounds of the EU treaties and ensuring political legitimacy. We also advocate structural changes to the ECB’s collateral framework to avoid unnecessary uncertainty surrounding the safe asset status of European sovereign bonds.
Opinion
Even though inflation in the euro area is lower than in the US, three issues make it a lot more difficult for the ECB to control inflation and preserve financial stability. Once again, the limits of EMU architecture are visible and will require a rethink.
Podcast
What are the implications of prolonged inflation?
Blog Post
By acting together, the European Union can optimise its response to the energy crisis in all scenarios but each country will have to make concessions.