Although there never seemed much doubt that Mrs. Merkel would be elected for a fourth term as Chancellor of Germany on September 23rd, it is not clear whether she will be strong enough to help the EU authorities push through banking union before any pro-nationalist political parties gain real (...)
WP 2017-04. Executive summary.
In many countries around the world, lottery services are provided by government-owned firms that are equipped with (regional) monopoly privileges. The official argument for lottery monopolies by state-owned firms as, for instance, in Germany regularly point to (...)
Significant worry has arisen recently over the potential of rapidly developing Artificial Intelligence technologies to automate large sectors of the workforce. As the EU currently advances with the development of a Civil Law framework for robotics, a general unease over the impacts of (...)
Until the 1970s, Venezuela was regarded as a relatively well functioning democracy with relatively well-developed market economy. For decades, Venezuela took the top spot in Latin America regarding wealth. Today the country is governed by a dictator and is on the brink of economic collapse. How (...)
Ten years on from the late summer collapse of first Paribas’ money market funds and then the failure of the UK’s Northern Rock bank, the media have published a raft of reviews reflecting on the past decade of banking reforms.
Central bankers were quick to use the anniversary to make grand (...)
In April, the European establishment and business communities welcomed the election of Emmanuel Macron as President of the French Republic. The election was interpreted as a positive sign for the future of an integrated and liberal EU. Indeed, in his electoral campaign the (...)
The purpose of the state pension regime in the UK is to ensure a basic pension to those who have paid reasonable contributions (via national insurance taxation) during their work life. It is essentially a system that attempts to ensure a subsistence income after retirement. The regime is an (...)
By prioritising Paris commitments, while ignoring the more practical concerns of freer energy trade, the EU has put politics over economics. The current phrasing of the Renewable Energy Directive punishes states not party to Paris. Consequently, it will make trade with the United States more (...)
In many markets, there is a common phenomenon that, for a given change in costs, prices tend to rise more quickly when costs increase than they fall when costs decrease. As evident in some recent price rises in the UK energy market, this "rockets and feathers" pricing pattern is often claimed (...)
The recent EU-Japan free trade agreement will bring significant economic benefits to the EU. More importantly, the Agreement also indicates a change in the EU’s stance toward globalization and trade partnerships. While relationships with historic trade partners (the US and the UK) appear to be (...)Main topics