Economic Comment Dutch version
Hard economic data usually comes available at quite some lag. To gauge the economic impact of COVID-19 we look at more timely economic indicators that are readily available. Data on traffic jams, international flights, and restaurant bookings are released sooner and more frequently. This helps us to better monitor the economic situation during the COVID-19 crisis.
There has been a surge of new infections in Europe, but in Germany and Italy the situation still seems to be under control for now. How is Germany handling the pandemic and what are the economic implications of these policies?
While economists have framed the outcome of the 2016 US presidential election in terms of economic inequality, the loss of manufacturing jobs, and stagnating income, the empirical evidence rejects these claims and suggests that identity played a more important role than the economy.
Economic convergence is a prerequisite for a stable Eurozone in the long run, but this may be hard to achieve. In the short term it might be more rewarding to investigate the possibilities of narrowing the gap in competitiveness.
The mandates of Brexit negotiators Barnier and Frost don’t ‘click’, no matter how long they keep talking. As the talks go down the wire, political intervention remains necessary to break the deadlock.
This Special forecasts the world order of 2030. We shows how past world orders collapsed due to weakening hegemonic power and project to 2030 show while the US will likely remain top dog, our world order will again be far more fragmented overall.
The unequal balance between developed and emerging economies becomes painfully clear in the different government response packages to COVID-19. Emerging markets are constrained in their ability to finance appropriate fiscal packages.