Blog

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.
December 1, 2016

The Cap and the Struggle for Development Policy Coherence

Since the 1992 MacSharry reform, the Common Agricultural Policy (CAP) has undergone substantial changes. However, despite a noticeable move towards less market- and trade- distorting policies, the post-2013 CAP continues to harm farmers in developing countries by subsidising agricultural production in the EU.
November 17, 2016

How Could the World’s Biggest Exporter Oppose Freer Trade?

On September 17th, more than 100,000 people took to the streets of several German cities to protest against both the Transatlantic Trade and Investment Partnership (TTIP), the draft free trade deal between the EU and the United States, and its Canadian equivalent the Comprehensive Economic and Trade Agreement (CETA), which is slated to become law pending European Parliament ratification.