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Forum · Issue 5 · 2023
Up to the Task? Post-Pandemic European Social Policy

The value added of central bank digital currencies

Forum · Issue 3 · 2023
Inflation Strikes Back: How to Restore Control

Forum · Issue 2 · 2023
Rethinking Resource Efficiency: Europe’s Transition to a Circular Economy

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The Art of Policy Advising

Policy advice from academics should always be a central component in the policymaking process, writes Intereconomics Editor-in-Chief Nicole Waidlein. But the appropriate framework conditions are necessary: data availability and access, independent and competent advisors as well as open dialogue between policymakers and advisors.

The value added of central bank digital currencies

Central bank digital currencies are reshaping the financial landscape globally. The authors of this Forum define CBDCs, debate their pros and cons, examine the issues and prospects they represent, and share country-specific experiences with the development and roll-out of digital currencies.

China’s Digital Currency

While the development of e-CNY does not in itself lead to the erosion of the dollar’s dominance, Chinese payments infrastructure can be weaponized, writes Ananya Kumar. Punitive economic measures have and will continue to enhance the usability of Chinese financial architecture by other countries.


Bidenomics means different things to different people. It also seems to mean different things to President Biden. This lack of clear definition is part of why Biden receives little credit for his handling of the economy, writes Barry Eichengreen.  

Reversing the Great Monetary Expansion

After much complacency about the prospect that the expansionary era may last forever, the abrupt and strong change of direction raises controversies which may put the reputation and the popular support of central banks at risk. Ignazio Angeloni discusses how to deal with the balance sheet of the ECB.

Trade Policy
What Endgame for the Deglobalisation Narrative?

A narrative has taken hold on both sides of the Atlantic that contends that deglobalisation is happening or that it needs to happen. But, writes Simon J. Evenett, this narrative has the flimsiest foundation.

Quote of the Month

"If there ever was merit in having a 'golden rule' in EU fiscal governance, early childhood investment is a no-brainer: it is cheap, it immediately creates jobs, it directly reaches out to young families, and it is where the social investment multiplier is highest."

Anton C. Hemerijck

Towards a European Union of Social Investment Welfare States

Current Issue

Volume 58
Issue 5

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Figure of the Month

Potential price cap violations in Q1 2023

While measures targeting Russian energy exports, in particular crude oil and oil products, have had a noticeable impact, evidence for potentially widespread violations of the price cap regime is emerging.