A service of the

Conference

Data-Driven Economy: Challenges and Opportunities

Join the discussion on our half-day conference in Berlin

Data as an independent asset plays an increasing role in today's economy. With experts from various fields we will discuss the challenges this transformation poses for companies, regulators and policymakers. Starting from the status-quo of data-driven business models we will discuss new tools to utilise data as an asset and how regulators and policymakers will have to refine the legal and regulatory framework to guide the transformation towards the general benefit.

Quote of the Month

The Euro – A Tale of 20 Years

"First, we need to recall the initial objectives set for the euro and how these have changed over time, notably due to the weaknesses that came to the fore throughout the recent crisis. This also calls into question the policy choices made during the crisis and the priorities going forward."

From the Forum article, "The Euro – A Tale of 20 Years: What Are the Priorities Going Forward?" by Marco Buti, Maya Jollès and Matteo Salto.

Figure of the Month

Disinflation as a global phenomenon

This figure from Daniel Gros' Forum contribution Understanding the Limitations of Maastricht shows the inflation in the advanced economies and the euro area since the 1980's.

Editorial

The Harder the Brexit, the Harder the Impact on Northern Ireland

While there has been much hand-wringing about the impact of Brexit on the UK and the EU, former Irish Minister for European Affairs Lucinda Creighton examines what the departure means for Northern Ireland and the northerly counties of the Republic of Ireland. The economic implications of a No Deal Brexit are stark, but the political fallout is potentially explosive. "Let there be no doubt," Creighton writes, "if the UK leaves the European Union without a deal, a hard border on the island of Ireland will be unavoidable." Securing peace and saving lives in Northern Ireland, Creighton concludes, is by far more pressing than any economic concern.

Brexit

A Hard-but-Smart Strategy and its Consequences

European leaders have given the British government an extension - pushing Brexit back until October 31, 2019. Gabriel Felbermayr lays out the economic consequences of a hard Brexit and the alternatives that the UK has to consider over the next six months.

Editor’s note: This article appears exclusively online in advance of the upcoming publication in the May/June issue of Intereconomics.

Financial Markets

The Bill, Please!

Marc-Peter Radke and Manuel Rupprecht examine the real return that households in large euro area countries achieved with their financial portfolios since the onset of the euro. A newly compiled dataset shows that, contrary to widespread belief, overall real returns did not decline in the low interest environment.

Open Access Now!

Intereconomics 2017/2

All articles in the March/April issue from 2017 are now freely and permanently available. This issue's Forum Universal Basic Income: The Promise vs the Practicalities explores the controversial UBI concept. Other articles cover a wide range of topics as Greece, Inclusive Growth and the IMF, Brexit and Trade, Rising Income Inequality, Systemically Important Financial Institutions and Does Trump Really Want a Strong Dollar?.