Sep 16, 2019Manuel Muñiz & Marietje Schaake
present a three-point plan to help the European Union close the digital gap with the United States and China.
Aug 12, 2019Kartik Akileswaran & Georgina Hutchinson
urge the continent's policymakers to take a more innovative and experimental approach to economic development.
Jul 31, 2019Christopher Pissarides & Jacques Bughin
call for proactive measures both to guide new innovations and manage their effects on labor markets.
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Following British Prime Minister Boris Johnson's suspension of Parliament, and an appeals court ruling declaring that act unlawful, the United Kingdom finds itself in a state of political frenzy. With rational decision-making having become all but impossible, any new political agreement that emerges is likely to be both temporary and deeply flawed.
Although low interest rates have traditionally been viewed as positive for economic growth because they encourage businesses to invest in enhancing productivity, this may not be the case. Instead, Ernest Liu, Amir Sufi, and Atif Mian contend, extremely low rates may lead to slower growth by increasing market concentration and thus weakening firms' incentive to boost productivity.
