GECMagz

Some chickens are coming home to roost: EU fiscal policies in 2025

For years, the European fiscal landscape was characterised by a reliable, if tense, dichotomy: a frugal core led by Germany…

1 month ago

When the ruler is made of the thing it measures: Multi-model evidence on AI occupational exposure scores

To estimate how AI is reshaping work, it is now standard to ask AI itself to score how exposed each…

1 month ago

The different effects of oil and gas supply shocks on euro area inflation

The surge in energy prices since March 2026 has revived a familiar question among central bankers: how much of an…

1 month ago

Rethinking Europe in a fractured global economy: the Florence report

The dramatic events unfolding globally—from wars and geopolitical upheavals to trade disruptions—have caught Europe unprepared. The Florence 2026 Report urges…

1 month ago

China’s real estate reckoning: Lessons from Japan’s lost decade

A growing debate has emerged over whether China risks repeating elements of Japan’s post-real estate bubble stagnation of the 1990s.…

1 month ago

How UK firms are responding to the war in Iran: Early evidence from the Decision Maker Panel

The conflict in the Middle East has pushed energy prices sharply higher, but the implications for UK inflation will depend…

1 month ago

How to get the Green and the Deal: Recalibrating EU industrial policy

European industry is navigating a global economy where the notion of a fair playing field is increasingly out of reach,…

1 month ago

The use and misuse of R&D subsidies and tax credits

R&D subsidies and tax credits are widely used around the world to encourage private sector R&D by reducing its cost…

1 month ago

A way out via the Strait of Hormuz

The US–Iran relationship appears to be at its lowest point in decades. Following the intense strikes launched on 28 February…

1 month ago

How countercyclical capital buffers travel: Internal capital markets and domestic borrowing

Macroprudential capital buffers are designed to make banking systems safer. This column shows that, at the bank–firm level, they do.…

1 month ago