Artificial intelligence (AI) has the potential to boost firm-level labour productivity by three to four per cent, and therefore significantly impact economic growth in Europe. However, only four in ten European businesses have so far adopted an AI technology, most...
Brueguel
Restarting the economy?
This podcast is an output from the MICROPROD project, which received funding from the European Union’s Horizon 2020 research and innovation programme under grant agreement no. 822390. When COVID-19 struck last spring, European governments rapidly implemented measures...
UK banks in international markets
The original paper is available on the European Parliament’s webpage, as part of in depth analysis requested by the ECON committee. Copyright remains with the European Parliament at all times. The UK enters the post-Brexit period with a regulatory framework that is...
The skills of the future
‘Technological change is revolutionising the workplace’, ‘the future is automated’ and ‘a robot will be doing my work before long’ are phrases we hear a lot when it comes to discussing the impact of technological advancement on the labour market and skills. But what...
What to expect from the ECB’s monetary policy strategy review?
This piece was originally published in the Money Review section of Kathimerini and El Economista. The COVID-19 pandemic forced the European Central Bank (ECB) to postpone the review of its monetary policy strategy, or how it goes about ensuring price stability in the...
Avoiding a requiem for the WTO
As the only global international organisation dealing with the rules of trade between nations, the World Trade Organisation should be the place where governments sort out the trade problems they face with each other. However, in recent years, WTO members have not...
Platform mergers and antitrust
This is an updated version of the Working Paper: Platform mergers and antitrust published by Bruegel in January 2021. Platform ecosystems rely on economies of scale, data-driven economies of scope, high quality algorithmic systems, and strong network effects that...
Stability of collusion and quality differentiation: a Nash bargaining approach
How do incentives to collude depend on how asymmetric firms are? In many markets, product quality is an important parameter that determines firms’ market strategies. We study collusion in a quality-differentiated duopoly and we adopt a Nash bargaining approach to...
The Conference on the Future of Europe: vehicle for reform versus forum for reflection?
The European Union after several delays opened the Conference on the Future of Europe on 9 May 2021. Its purpose, according to a March 2021 Joint Declaration from the presidents of the EU institutions, is to “open a new space for debate with citizens to address...
The socio-economic consequences of COVID-19 in the Middle East and North Africa
The COVID-19 pandemic has hit already stagnant and macroeconomically fragile economies in the Middle East and North Africa (MENA) through lockdown measures, interrupted supply chains, dramatic declines in tourism revenues and labour remittances, and temporarily low...
Relaunching transatlantic cooperation with a carbon border adjustment mechanism
This piece was originally published by Le Monde and Domani. 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...
[LIVE] A transatlantic climate alliance
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...