News
How are European governments reacting to the current energy crisis?
1+ hour, 42+ min ago (285+ words) With the Strait of Hormuz closed and energy prices rising, Europe faces its second energy crisis in less than five years. "As a result, European governments are again turning to fiscal measures to shield consumers from higher fossil fuel prices....
Debt sustainability in Japan and the case for a fiscal council
3+ week, 4+ day ago (76+ words) Rising rates are testing Japan's fiscal framework, with debt dynamics hinging on growth and pointing to the need for adjustment and a fiscal council Senior researcher, EU Tax Compass Slow growth, high debt and the paradox of Giorgia Meloni NRPPs…...
What will it take to make Japan's debt sustainable?
3+ week, 6+ day ago (226+ words) Our upcoming research shows that in realistic growth scenarios, Japan's debt will not stabilise on its own. It requires sustained structural primary budget surpluses " budget surpluses before interest payments and filtering out temporary economic fluctuations. The question is no longer…...
Can US banks have it all? Liquidity in times of ample reserves
1+ mon, 3+ day ago (321+ words) An outline plan to reduce stigma associated with short-term borrowing from the Federal Reserve may be doing banks too many favours Recalling this episode, Bessent said that a framework that delivers liquidity only in stylised stress scenarios is not credible…...
Nature as equity
2+ mon, 3+ week ago (192+ words) Bruegel In this episode of The Sound of Economics, host Rebecca Christie talks about nature and markets with Bruegel's Heather Grabbe and Estelle Cantillon, FRNS research director at the Universit" Libre de Bruxelles. They explore policy efforts to make protecting…...