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Section 232 reloaded: the false promise of the transatlantic ‘climate club’ for steel and aluminium

This paper sets out the EU and US perspectives on the ongoing negotiations and evaluates their initial negotiation proposals.

David Kleimann

What should be done about Google’s quasi-monopoly in search? Mandatory data sharing versus AI-driven technological competition

This paper explores the crucial role of search engines in modern digital economies and their impact on user welfare.

Bertin Martens

Can Europe make its space launch industry competitive?

Europe is falling behind in the global commercial space launch sector; a new programme may not be enough to fix the shortcomings

Francesco Nicoli, Kamil Sekut and Giuseppe Porcaro

Sparking Europe’s new industrial revolution: A policy for net zero, growth and resilience

This book assesses what must be done to implement industrial policy in a way that will achieve overarching goals while minimising distortions.

Philippe Aghion, Ketan Ahuja, Chad P. Bown, Uwe Cantner, Chiara Criscuolo, Antoine Dechezleprêtre, Mathias Dewatripont, Ricardo Hausmann, Guy Lalanne, Ben McWilliams, Dani Rodrik, Simone Tagliapietra, Alessio Terzi, Cecilia Trasi, Laura Tyson, Reinhilde Veugelers, Georg Zachmann and John Zysman

What would Europeans want a European defence union to look like?

This working paper explores public support for European defence union, revealing preferred policy features and the impact of political feasibility.

Francesco Nicoli, Brian Burgoon and David Van der Duin

The EU can manage without Russian liquified natural gas

How can the European Union achieve its target of eliminating all Russian fossil-fuel imports by 2027?

Ben McWilliams, Giovanni Sgaravatti, Simone Tagliapietra and Georg Zachmann

The Listing Act: no more than a minor boost to EU equity markets

Streamlining of the company listing process is welcome, but more fundamental reform is needed to revive the European Union’s flagging equity markets.

Alexander Lehmann

Rebooting the European Union’s Net Zero Industry Act

Simone Tagliapietra, Reinhilde Veugelers and Jeromin Zettelmeyer

China’s quest for innovation: progress and bottlenecks

We identify three potential bottlenecks that might be hindering the translation of China’s innovation efforts into productivity growth.

Alicia García-Herrero and Robin Schindowski

Can Chinese growth defy gravity?

This paper discusses China’s growth for the next two decades, identifying the main challenges and factors that could mitigate its deceleration.

Alicia García-Herrero

Antitrust issues raised by answer engines

This paper outlines some early antitrust issues related to answer engines and the response competition authorities should adopt.

Christophe Carugati

The value added of central bank digital currencies: a view from the euro area

Central bank digital currencies do have added value, but this is not the same for every country.

Maria Demertzis and Catarina Martins

Between a rock and a hard place: the EU response to national import bans on Ukrainian grain

The European Commission had to choose between imperfect alternatives because of frontline state backlash against massive Ukrainian grain imports.

David Kleimann

European public opinion remains supportive of Ukraine

Public support for Ukraine is holding up in allied countries, but preparations should be made for scenarios in which support ebbs away.

Maria Demertzis, Camille Grand and Luca Léry Moffat

A new measure of aggregate trade restrictions: cyclical drivers and macro effects

In this paper, we present a new measure of aggregate trade restrictions.

Julia Estefania-Flores, Davide Furceri, Swarnali A. Hannan, Jonathan Ostry and Andrew K. Rose

The rising cost of European Union borrowing and what to do about it

Interest rates on the EU debt have risen substantially since 2022: what are the main drivers and implications and what to do about it?

Grégory Claeys, Conor McCaffrey and Lennard Welslau