September 14, 2021

Bruegel Blog Posts

Making supply chains more resilient

BY Manufacturing, trade policy, global governance, Global Economics & Governance, Bruegel

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Bruegel Institute

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Making supply chains more resilient 1

Read the piece published by Project Syndicate.

Decarbonisation of the energy system

( 3 mins) Our analysis highlights that the current national energy and climate plans (NECPs) of EU countries are insufficient to achieve a cost-efficient pathway to EU-wide climate neutrality by 2050.

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Monetary arithmetic and inflation risk

( 11 mins) Between 2007 and 2020, the balance sheets of the European Central Bank, the Bank of Japan, and the Fed have all increased about sevenfold. But inflation stayed low throughout the 2010s. This was possible due to decreasing money velocity and the money multiplier. However, a continuation of asset purchasing programs by central banks involves the risk of higher inflation and fiscal dominance.

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