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German automotive industry at a crossroads
Jarosław Kamiński"If the auto industry collapses, Germany will collapse," writes Gabo Steingart emphatically in a recent article in Focus magazine. Many experts and commentators are increasingly drawing attention to the waning strength of...
Croatian road to the euro: Test driving the new ERM II setup
Boris VujčićA quip on Balkans producing more history than it can consume, famously but incorrectly attributed to Churchill, is a good description of the Croatian history towards the end of the 20th century. However, at the turn of the...
How Can the War End
Harold JamesThe complete shutdown of gas deliveries through Nord Stream 1 is an indication of how desperate the Russian leadership has become. There is now no path to military victory, but a clear chance that intensified economic...
A brave new world of payments – the role of central banks
Thomas J. JordanRecent years have seen important changes in the payments landscape. Cash usage has been declining in many countries for some time, and this trend has accelerated during the pandemic.
Ukraine – the evil we are witnessing cannot be allowed to triumph
Gordon BrownNo country has done more than Poland to support the people of Ukraine and especially those driven from their homes by President Putin’s unprovoked aggression.
Building a resilient and sustainable economy along with today’s energy price boom
Pierre WunschThe adjustment towards a decarbonised economy is being challenged by booming energy prices linked to the geopolitical tension on Europe’s eastern border.
Sustainability & climate change – a more delicate balancing act
Constantin Mugur IsărescuThe economy and financial system worldwide saw major transformations in the past decades, boosted by globalization and digitalization or reshaped by key inflexion points such as the 2008 financial crisis, the COVID-19...
The complexity of civilisation is a sign of development
Maciej DanielewiczEconomic growth is underpinned by long-term technology trends. By observing them, we can make forecasts 20 to 30 years into the future. These days automation and digitalisation of the economy is key to growth: short term...
Beyond GDP: how to measure economic growth in the digital era?
Jakub GrowiecIn economists’ discussions we can sometimes hear that GDP is a poor measure of economic development and that we should look for a better one. Nevertheless, GDP is still widely applied in macroeconomic analysis, and...
Germany wants to export its green ambitions and green technologies
Maciej JaszczukGermany plans to accelerate the implementation of its climate policy. However, the local industry is not afraid of the transformation and is just waiting for the regulatory impulses. Germany will now try to persuade the...