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Focus
Following the largest financial shock since the Great Depression, modern industrial countries appear to be coming back to a moderate growth trajectory, as was the case for the last three decades. Many macroeconomic indicators show that moderation has recently returned. Very good news for world economy! >>> Stéphane Lhuissier |
publications
- A holistic approach to ECB asset purchases, the Investment Plan and CMU
Natacha Valla, Jesper Berg, Laurent Clerc, Olivier Garnier & Erik Nielsen - Financing energy and low-carbon investment: public guarantees and the ECB
Michel Aglietta, Étienne Espagne
- Volatility and uncertainty are not the same!
Valérie Mignon, Marc Joëts, Tovonony Razafindrabe - Back to the Great Moderation?
Stéphane Lhuissier - Schengen : passoire ou passerelle ?
Daniel Mirza - Regulatory coherence is more easily said than done
Sébastien Jean - Europe is trapped by its competitiveness obsession
Sébastien Jean - QE - "European style": be bolder, but parsimonious!
Urszula Szczerbowicz, Natacha Valla
- Trade policy and industrial policy in China: What motivates public authorities to apply restrictions on exports?
Julien Gourdon, Stéphanie Monjon, Sandra Poncet - L’usine du monde au ralenti ou le changement de régime du commerce extérieur chinois
Françoise Lemoine, Sandra Poncet, Deniz Ünal, Clément Cassé - Relative Real Exchange-Rate Volatility, Multi-Destination Firms and Trade: Micro Evidence and Aggregate Implications
Jérôme Héricourt, Clément Nedoncelle - Does the volatility of commodity prices reflect macroeconomic uncertainty?
Marc Joëts, Valérie Mignon, Tovonony Razafindrabe
Global perspectives on investment and potential output
April 28, 2015
1st MENA Trade Workshop
June 2 - 3, 2015
15th Doctoral Meetings in International Trade and International Finance
June 25 - 26, 2015
Agriculture, International Trade and Development - 2nd Workshop MAD
November 19 - 20, 2015
Edito
Competitiveness: an obsession jeopardizing the European cohesion While European external surpluses are accumulating and domestic demand is slacking, insisting on improving the Union’s external competitiveness, as some in the Commission are presently doing, is paradoxical. For Europe, the paramount risk is not losing its competitiveness. It is not recovering cohesion and growth. >>> Sébastien Jean |
Facts & Figures
35 % It is the proportion of macroeconomic uncertainty in oil price uncertainty during the recent 2007-09 financial crisis : around 35% of oil price uncertainty is explained by macroeconomic uncertainty during this period.>>> See also here Valérie Mignon, Marc Joëts, Tovonony Razafindrabe |
Opinion
An overall strategic vision for 3 stars To stimulate and finance investment in Europe the three “policy stars” of Europe need to be aligned: the Capital Markets Union initiative, the €315bn Investment Plan, and the ECB’s €1,100bn asset purchase scheme. They jointly face a unique set of issues. >>> Natacha Valla, Jesper Berg, Laurent Clerc, Olivier Garnier, Erik Nielsen |
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ISSN: 1255-7072
Editorial Director : Antoine BouëtManaging Editor : Dominique Pianelli