March 1, 2017

A Few Points on Europe’s Desperate Need for a Capital Markets Union

Since the European Commission’s Action Plan on Building a Capital Markets Union in 2015, strengthening and integrating capital markets across the Union has been one of the EU’s main priorities and one of the central pillars of the Investment Plan for Europe (informally known as the Juncker Plan).
February 10, 2017

Inflation and the ECB: a Political Problem

Mario Draghi´s latest comments expressing his support for continuing the European Central Bank´s Quantitative Easing drew much controversy from northern Eurozone countries, especially Germany, which have been trying to end the asset purchasing program for months.
January 4, 2017

There’s One International System That President Trump Should Withdraw From

Following Donald Trump’s victory in the US presidential election, the European press has been presenting him as an isolationist. Under President Trump, they claim, the USA will look after itself alone and retreat from the rest of the world. Economically, international trade is finished, they allege, whilst militarily, NATO will be abandoned.
December 20, 2016

The Economics of Christmas: The True Value of Christmas Presents

As the festive season approaches, it’s time for economists’ annual disquisition on the efficiency of gift-giving. This tradition was inaugurated, more than twenty years ago, by Joel Waldfogel, then at Yale University, who formalised the critique that non-cash presents are economically wasteful.
December 8, 2016

The Failure of Magnette’s “Namur Declaration”

On December 5th, Paul Magnette, the current Minister-President of the French-speaking region of Wallonia, Belgium, unveiled his so-called “Namur Declaration”, a 3-page-long statement whose aim is to “radically remake” EU trade policy.