It is no exaggeration to say that popular platforms with loyal users, like Google and Facebook, know those users better than their families and friends do. Many firms collect an enormous amount of data as an input for their artificial intelligence algorithms. Facebook...
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Who is suffering most from rising inflation?
Inflation in the euro area reached 5% in December 2021, the highest level since the creation of the common currency. In some countries, the rise has been even more acute. In Belgium, inflation hit 6.5%. However, in Italy and France the rise has been more moderate...
Can Europe survive painlessly without Russian gas?
Russia has historically been the European Union’s largest supplier of natural gas. After the 2006 and 2009 Russia-Ukraine-Europe gas disputes, followed by tensions in the wake of the 2013-14 Ukrainian crisis, the EU has sought to reduce its dependency on Russian...
Opaque and ill-defined: the problems with Europe’s IPCEI subsidy framework
As European industrial policy evolves, state aid is acquiring a new role in the pursuit of the European Union’s green and supply-chain sustainability goals. The Important Project of Common European Interest framework (IPCEI) – which supports major cross-border...
Turkey’s economic struggles
Turkey’s annual inflation rate hit 36.1% in 2021, the highest in President Erdogan’s 19 years in power. In the meantime, the Lira has lost more than 40% of its value. Maria Demertzis sits down with Elina Ribakova, Deputy Chief Economist of the Institute of...
In the electric vehicle race, China coming first
Read the full opinion published in Asia Times.
Non-fungible tokens (NFTs): the next chapter in crypto
This opinion piece was originally published in Money Review section of Kathimerini and is forthcoming in the Cyprus Economics Society (also in Greek), Cyprus Mail and El Economista. Non-fungible tokens, or NFTs, are the next hype in the crypto world. According to...
New model for growth in Europe
Read Maria Demertzis’ contribution to the European Economic and Social Committee info newsletter of January 2022 on priorities for the new year.
Make AI boring again
AI is fundamentally changing the economy, it has the power to improve workers’ experience if AI uptake is done well, or it can create new inequalities depending on workers’ educational level. Giuseppe Porcaro and Mario Mariniello are joined by Teemu Roos, AI expert...
The effect of COVID certificates on vaccine uptake, public health, and the economy
This preprint is currently under review and is co-published by Bruegel. doi:10.21203/rs.3.rs-1242919/v1 In the COVID-19 pandemic, governments have, among other measures, mandated the use of COVID certificates to prove vaccination, recovery or a recent negative test,...
How Chinese competition helps western conglomerates
Read the full piece published on Project Syndicate.
Decarbonisation of the energy system
This Policy Contribution was written building upon a study prepared for the European Parliament’s Committee on Economic and Industry, Research and Energy (ITRE), available here. Three quarters of the European Union’s greenhouse gas emissions stem from burning coal,...