GECMagz

Pricing cascades: Inflation in a networked economy

The post‑pandemic inflation surge is often attributed to pent-up demand and opportunistic price hikes by firms. This column argues that…

1 week ago

Stable coins and the exorbitant privilege of money creation

Payment stablecoins are set to become important financial instruments (TBAC 2025). This prospect has prompted recent regulatory initiatives for fully…

1 week ago

EU barriers to scaling up: The case of fragmented product markets

European firms tend to be smaller and less productive than US firms. Qualitative and survey-based evidence suggests that one key…

1 week ago

Beyond carbon pricing: How different climate policies affect carbon leakage through trade

Existing evidence on carbon leakage is mixed. Early ex-post studies of carbon pricing typically found little evidence of leakage, largely…

1 week ago

Beyond tariffs: A better approach to green industrial policy

Governments worldwide face mounting pressure to simultaneously expand domestic clean energy industries and accelerate decarbonisation. Recent policies combine subsidies for…

2 weeks ago

FDI and growth in the age of global value chains

Existing evidence indicates that foreign direct investment promotes growth only when host economies have the human capital and deep financial…

2 weeks ago

An analysis of the EU telecom sector’s ability to remunerate its cost of capital

The EU’s digital economy relies on investments by the telecoms industry to keep the bloc at the forefront of digital…

2 weeks ago

The US dollar: Not a traditional safe haven

The US dollar is typically regarded as a safe-haven currency, but its status has been increasingly questioned following its depreciation…

2 weeks ago

The limited effects of regulating greenwashing: Evidence from Europe’s Sustainable Finance Disclosure Regulation

Over the past decade, sustainable and ESG investing has grown rapidly. This expansion has been accompanied by increasing concerns about…

2 weeks ago

How the tariff war shock affected the ‘safe asset’ privilege of US Treasuries

US Treasuries play a unique role in the global financial system. As Landau (2025) expounds in a recent VoxEU column,…

2 weeks ago