Article & News

Author: GECMagz

Finance
A European safe asset will require bolder steps

The EU aims to finance common priorities in defence, energy transition, and digital infrastructure with supranational EU bonds. This column argues that the current exclusion

Banking
The US is in worse fiscal shape than Italy

By the standard debt-to-GDP measure, the US is in somewhat better fiscal shape than Italy: Italy’s ratio is 135%; the US ratio is 123%. But

Economy
The sentiment channel of fiscal policy

A common view is that fiscal policy operates not only through direct demand effects, but also by boosting business optimism and therefore investment. This column

Development
The narrowing path: Trade and development in a new era

In recent decades, many developing countries – particularly in East Asia during the 1990s era of ‘hyper-globalisation’ – experienced unprecedented growth that economists have credited