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The "national security argument" for new US protectionism
American protectionism has been reinvented in the name of “national security”. Yet, the belief that a country can achieve its own “nationally security” unilaterally is debatable.
Policy Brief n.3 - Monetary Policy and Supply Shocks: The Role of Inflation Expectations
In the discussion on monetary policy in the presence of supply shocks, we focus on the Euro area to understand the recent wave of inflation.
Term Premia for the Euro Area and the Transmission Mechanism of Monetary Policy
Given the common monetary policy in Europe, term premia on bonds issued by different countries are an immediate gauge of the heterogeneity in the transmission mechanism of monetary policy in Europe and of the need for intervention to protect the Euro...
Unprecedented sanctions against Russia pose legal challenges to EU institutions
If Russia's invasion and assault on Ukraine can be unequivocally classified as aggression, then the response to this violation must also adhere to international legal standards.
Generative AI - A concise primer for non-experts
A concise introduction into the workings of large language models is presented. We start with an introduction to the attention mechanism, the core of the transformer architecture, which is then followed by a discussion of the steps needed to engineer...
Creating a Mandate for EU Policy Reform
How can broad public support for policy reforms and gridlock be overcome? The main mechanism for achieving this in political systems across the democratic world is open competition for the main executive office: the President of the Commission, in th...
US dollar doomsayers could be wrong about imminent demise
So much international trade happens in dollars that it would be very difficult to turn the tide against the currency any time soon.
"The releasing of ChatGPT will be remembered as one of the most irresponsible acts of the 21st century": a conversation with Daron Acemoglu
“You can do some pretty impressive things with AI as a technological platform, but I am not necessarily an optimist because there are also some very negative paths that AI could take as a technology. We have a confluence of factors that make the nega...
Monasterolo Irene
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Irene Monasterolo
Irene Monasterolo is full professor of Climate Finance at Utrecht University School of Economics, and research fellow at SUERF and at the Institute Louis Bachelier.
Pagano Marco
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Marco Pagano
Marco Pagano is a Professor of Finance at the University of Naples Federico II. His research is in the areas of banking, corporate finance, and market microstructure, and currently focuses mostly on issues at the interface between labor and finance.