Economic Insights

Mar 08, 2023

Easy come, easy go: The impact of quantitative tightening on money, credit and market plumbing in the Eurozone

The rapid unwinding of TLTRO funding will have significant consequences for both bank lending and capital markets.

Mar 03, 2023

#IWD: Employ and pay them more!

What to watch: Windsor Framework’s economic impact, US monetary aggregates have a message for you, the end of the great chip shortage

Feb 28, 2023

The new risk frontier in finance: biodiversity loss

The assessments of biodiversity loss in finance are so far limited to qualitative and exposure-based metrics. This report provides a quantitative approach that measures actual impact.

One year after Russia's invasion of Ukraine

Feb 23, 2023

Russia’s war economy

Despite Western sanctions, Russia's economy held up better than expected in 2022. However, the outlook is challenging for 2023.

Feb 21, 2023

The “five Ds” of structurally higher inflation

Five structural factors will determine the course of inflation over the longer term: decarbonization, demographics, digitalization, deglobalization and debt.

Feb 17, 2023

The silver lining for global trade

For inventory management and supply chains, lessons have been learnt from the Covid-19 and post-Covid shortages.

Feb 14, 2023

Rates, not roses: The long goodbye to zeronomics and its implications for the private and public sector in the Eurozone

2022 marked the end of the era of negative interest rates. But the turnaround has not yet reached all parts of the economy.

Feb 09, 2023

Monetary policy in Central and Eastern Europe ahead of the curve?

Central banks in the CEE-4 were the first to halt their interest rate hiking cycles and, barring any new shocks, we expect some of them to also be ahead of the curve when it comes to the pivot.

Feb 07, 2023

A Faustian bargain: Europe’s answers to the US IRA

The Inflation Reduction Act is America’s first serious attempt to tackle the climate crisis and reach its own emission-reduction goals. But it entails a string of protectionist measures that might hurt Europe’s green industry.