GECMagz

A more resilient Europe faces a renewed energy shock – but difficult trade-offs may resurface

The conflict in the Middle East has triggered a renewed energy shock for Europe. While the macroeconomic impact is currently…

9 hours ago

Financial stability in the age of artificial intelligence: The role of algorithmic architecture

Artificial intelligence (AI) is playing a growing role in finance. Algorithmic trading based on machine learning already accounts for 60-70%…

9 hours ago

From openness to vulnerability: Mapping the EU’s foreign dependencies and geopolitical exposure

Recent crises and trade tensions have revealed that EU reliance on foreign suppliers can pose serious risks, especially for essential…

9 hours ago

Beyond borders, within societies: Inequality and the global transmission of US monetary policy

Understanding how US monetary policy is transmitted to foreign economies has long been a challenge for policymakers and researchers. This…

2 days ago

A smarter approach to electricity rationing

Ukraine’s grid operators have primarily relied on rotational outages to manage power scarcity, but this effectively functions as regressive tax…

2 days ago

Measuring capital account openness: Why intensity matters

Recent debates have highlighted the trade-offs between maintaining openness to foreign capital and safeguarding macroeconomic and financial stability, but measuring…

2 days ago

When energy shocks bite harder: Non-linear inflation dynamics

The conflict in the Middle East has once again exposed the euro area to sizeable energy shocks. One key lesson…

5 days ago

Skipping the factory: Service-led growth in sub-Saharan Africa

Across much of sub-Saharan Africa, growth is arriving without the factory boom that shaped earlier development miracles. Instead, workers are…

5 days ago

The devil is in the tail: How firms’ beliefs about rare macroeconomic disasters shape investment

Little is known about how firms think about rare macroeconomic disasters and how these beliefs shape their decisions. This column…

5 days ago

Macroeconomics of tariffs with global production and finance networks

Tariffs have returned as instruments of economic and geopolitical policy. Recent VoxEU columns document how the 2025 US escalation has…

1 week ago