Low interest rates in Europe and the US: one trend, two stories
In both Europe and the United States, interest rates have been declining for more than fifteen years. For much of this period, real...
Carbon price floors: an addition to the European Green Deal arsenal
As the European Union sets out a more ambitious climate policy, carbon price floors provide an opportunity to place greater emphasis on...
A K-shaped recovery and the role of fiscal policy
The spine of the letter represents the fall in activity at the start of the pandemic. Then there is a split, which leads to the two...
