The recovery measures announced by Europe in parallel with the Green Deal are the perfect opportunity to step up the effort to measure the impact of public expenditure, both in the short and in the long term. To that aim, it is essential to quickly stabilise benchmarks to measure the financial...

The German change of attitude concerning fiscal policy and the mutualisation of efforts to fight the pandemic is driven by self-interest, and as such might be structural.

Too much blood in terms of unemployment and sweat in terms of intellectual effort has been spent on trying to determine the amount of fiscal space that economies have – our policy focus instead should be on what to do with the fiscal space that almost all advanced economies (and a surprising...

While Europe's response to the pandemic has been laudable, there remains more to be done in order to prevent economic scarring and ensure a robust recovery.

Im Spätsommer 2022 ist die Weltwirtschaft im Abschwung. Anhaltend hohe Inflationsraten haben die US-Notenbank und viele weitere Zentralbanken veranlasst, mit einer Straffung ihrer Geldpolitik zu beginnen. Zudem ist seit dem Ausbruch des Ukraine-Kriegs Energie knapper und teurer geworden....