Bank recapitalisation versus firm support: A fiscal criterion for crisis policy by Markus Haavio, Antti Ripatti, Tuomas Takalo published by VOXEU (12/2025). Governments routinely invest in private firms. This column argues that these investments have powerful effects on an economy’s…
Rethinking exchange rate flexibility in the post-Bretton Woods era: Evidence from a new index by Kevin O’Rourke, Roger Vicquery published by VOXEU (6/2025). The collapse of the Bretton Woods system has traditionally been cited as heralding a major shift towards…
Before banks: Historical lessons for rethinking credit by Elise Dermineur published by VOXEU (4/2025). The global financial crisis of 2008 has led economists, historians, and policymakers alike to re-examine the foundations of our financial infrastructure. This column revisits the world…
Economics in the time of COVID-19 edited by Richard Baldwin and Beatrice Weder di Mauro published by VOXEU (2020). “COVID-19 is spreading human suffering worldwide; that is what we should all be focused on. But we are not doctors….
Europe in the Time of Covid-19 edited by Agnès Bénassy-Quéré and Beatrice Weder di Mauro published by VoxEU (2020). “There is no doubt that the Covid crisis represents a challenge for European unity and another crash test for…
Post-COVID: Dealing with the emerging market debt overhang by Kevin Daly, Tadas Gedminas and Clemens Grafe published by VOXEU (5/2020). “Although the COVID-19 crisis is a global phenomenon, emerging market economies are in a weaker position than developed…
Mitigating the COVID Economic Crisis: Act Fast and Do Whatever It Takes edited by Richard Baldwin and Beatrice Weder di Mauro published by VOXEU (3/2020). “The world has been an unusual place since we published our first VoxEU/CEPR…
Propagation of the economic impact of lockdowns through supply chains by Hiroyasu Inoue and Yasuyuki Todo published by VOXEU (4/2020). “Cities and regions around the world are in lockdown in an attempt to contain the spread of Covid-19. This…
Herd behaviour in asset markets: the role of monetary policy by Stefano Micossi published by VOXEU (10/2019). “Robert Shiller’s influential book, Irrational Exuberance (Shiller 2015), dealt powerful blows to the hypothesis of efficient capital markets by describing in remarkable…
The European Union and democracy must deliver by Group of concerned economists published by VOXEU (3/2020). The world is living an extreme event that threatens the health and the economic wellbeing of the entire population. Large portions of the…
