Changing Engines, Different Cycles: Monetary Policy in China and Europe
Isabelle Jiani Zheng | 20 August 2026
Monetary,
Blog | Tags:
China,
Economic Growth,
Europe,
Macroprudential Policy At the aggregate level, China and Europe are in very different macroeconomic phases. China continues to face weak domestic demand and persistently low inflation, while Europe is confronting renewed inflationary pressure from an external supply shock ...
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Rethinking Europe’s Climate Insurance Framework
Upcoming: 22 September 2026 | Brussels | By Invitation Monetary,
Roundtables | Tags:
Climate Change,
Europe,
Financial Stability,
Insurance,
Systemic Risks Europe is the fastest-warming continent and faces mounting economic costs from climate-related disasters. Insurance is central to managing and mitigating these costs. Yet Europe’s protection gap is significant and persistent ...
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Industrial Policy: ‘Europe Can No Longer Afford the Inefficiency of a National Patchwork’
Patrick Lenain and
Rens van Tilburg | 30 January 2026
Fiscal,
Commentary | Tags:
Competition,
Decarbonization,
Europe,
Fiscal Space,
Industrial Policy Faced with American and Chinese competition, Europe must undertake a radical shift: move from a mosaic of national subsidies to a unified and more intelligent industrial policy, argue Patrick Lenain and Rens van Tilburg.
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The Energy Taxation Directive and the Clean Industrial Deal
Patrick Lenain | 20 November 2025
Fiscal,
Testimonies | Tags:
Decarbonization,
Energy,
Europe,
Fossil Fuel Subsidies Thank you for the opportunity to speak today on the Energy Taxation Directive (ETD) and the Clean Industrial Deal (CID). I will start with brief remarks on the ETD and then turn to lessons the CID could draw from global experience with the use of
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