Wednesday , January 19 2022
Home / Tag Archives: Usa

Tag Archives: Usa

Tailoring prudential policy to bank size: the application of proportionality in the US and euro area

In-depth analysis prepared for the European Parliament's Committee on Economic and Monetary Affairs (ECON). This study was prepared for the European Parliament’s Committee on Economic and Monetary Affairs (ECON). The study is available on the European Parliament’s online database, ‘ThinkTank‘. Copyright remains with the European Parliament at all times. All jurisdictions tailor their prudential policies to bank size, with generally more complex – though not necessarily more stringent –...

Read More »

The inconsistency in global strategic relations

All of this talk on strategic retrenchment and autonomy is the language of escalation, not of appeasement and collaboration. This piece was originally published in Kathimerini and is forthcoming in Helsingin Sanomat. “There’s a fundamental truth of the twenty-first century within each of our own countries and as a global community,” President Joe Biden told the United Nations on 21 September. “Our own success is bound up with others succeeding as well.” Biden’s actions however, seem to...

Read More »

Europe doesn’t need a ‘Mega-Fab’

Europe should defend its existing dominance in equipment manufacturing for semiconductors and invest in chip design instead of luring high-end fabrication to its shores. By: Niclas Poitiers Date: September 22, 2021 Topic: Global Economics & Governance The computer chips that power our digital economy have become pawns in the geopolitical tussle between the great powers. Digital devices such as smartphones or laptops are China’s most important export. ‘Information and...

Read More »

Could the RMB dislodge the dollar as a reserve currency?

A Global Deal for Our Pandemic Age Report of the G20 High Level Independent Panel on Financing the Global Commons for Pandemic Preparedness and Response. By: Tharman Shanmugaratnam, Lawrence H. Summers, Ngozi Okonjo-Iweala, Ana Botin, Mohamed El-Erian, Jacob Frenkel, Rebeca Grynspan, Naoko Ishii, Michael Kremer, Kiran Mazumdar-Shaw, Luis Alberto Moreno, Lucrezia Reichlin, John-Arne Røttingen, Vera Songwe, Mark Suzman, Tidjane Thiam, Jean-Claude Trichet, Ngaire Woods, ZHU Min, Masood Ahmed,...

Read More »

Relaunching transatlantic cooperation with a carbon border adjustment mechanism

The best way for the EU and the US to jointly introduce carbon border adjustment would be to form a ‘climate club’. On June 15, President Joe Biden will join Charles Michel and Ursula von der Leyen in Brussels for an important European Union–United States summit that aims at relaunching bilateral cooperation after four years in which it has withered. Climate change features at the top of the agenda, raising hopes about the potential role of the transatlantic partners in fostering global...

Read More »

[LIVE] A transatlantic climate alliance

When Joe Biden visits Europe for the first time as US president, he should begin forging a transatlantic green deal.  President Biden is visiting Brussels for the first time since his inauguration on 14 June, with great expectations by European commentators to forge a closer transatlantic cooperation. Prior to his visit, Giuseppe Porcaro and Simone Tagliapietra are joined by Ana Palacio, Former Minister of Foreign Affairs of Spain to discuss why the two sides of the Atlantic should form a...

Read More »

A transatlantic climate alliance

When Joe Biden visits Europe for the first time as US president, he should begin forging a transatlantic green deal. The stars may, at long last, be aligned for closer transatlantic cooperation on climate change. As US President Joe Biden heads to Europe, he should be preparing to make the most of this promising constellation. Both the European Union and the United States have now committed to achieving climate neutrality by 2050. And they have established similar milestones along the way:...

Read More »

Is Bidenomics more than catch-up?

The Biden administration's promises to 'think big' and rebuild the country seem like a major historical departure from decades of policy orthodoxy. “Let us think big,” exhorted US Secretary of the Treasury Janet Yellen in May. “Let’s build something that lasts for generations.” Such is the transformative rhetoric behind President Joe Biden’s economic-policy agenda. But what, exactly, will be built, and how will America be transformed? The answer is bound to be as much political as economic,...

Read More »

An update: Vaccination in the EU

Progress has been made, but more progress is needed. The slow pace of COVID-19 vaccinations in the EU has been a cause of great concern, and with good reason. It is causing loss of life and well-being, as well as harm to the EU economy. When we say that the pace of vaccination is slow, it is natural to ask: compared to what? The figure below depicts the number of COVID-19 cases per day per million of population and the current rate of vaccinations per day for a broad selection of OECD...

Read More »

La dette : une obsession prématurée

Ce qui est malsain, avec la proposition d’annuler la dette, c’est le déni de réalité consistant à affirmer que l’Etat peut effacer une partie de ses engagements sans que cela ne coûte à personne. By: Jean Pisani-Ferry Date: February 22, 2021 Topic: European Macroeconomics & Governance This opinion piece was originally published in Le Monde. En arrivant à la Maison Blanche, Joe Biden a trouvé une dette publique de 27.000 milliards de dollars et un déficit public de 3600...

Read More »