The economic and social crisis caused by the Covid-19 pandemic in Europe and around the world is without precedent since World War II if not before. With more than 40 million known cases in Europe in one year, and over 900 000 deaths (March 2020 to March 2021), governments have stepped up their...

This working paper is intended to shed light on a pressing issue: the apparent growth-dependency of European welfare states at a time of weak growth prospects and strong criticisms of growth. Indeed, while the notion of going beyond GDP growth is gaining momentum in the European Union, as...

In this paper, we examine the prospects for, and implications of, the dollar's continued pivotal role in the international financial system. We find, first, that the dollar remains dominant by a wide margin and will likely retain its dominance for the foreseeable future-none of the other...