Omiros Pissarides

The recent announcement by the coalition government of German Chancellor Friedrich Merz regarding the ‘Revitalisation and Employment Programme’ marks a significant shift in Europe’s economic policy. Faced with years ...

The 2016 referendum on the UK’s departure from the EU is widely considered to be a milestone event. The purpose of this article is to assess its multi-level impact, considering ...

By Andreas Charalambous and Omiros Pissarides For decades, the trajectory of the global economy was built on the deepening of trade and other cross‑border linkages. Trade barriers were declining, ...

The global economy is facing a serious, but not unprecedented, energy crisis. The transportation of oil and natural gas has been negatively affected, mainly due to the closure of the ...

The recent meeting between the presidents of the United States and China marks a phase of “managed stability,” in which competition continues but with mechanisms designed to prevent escalation. For ...

The perception that numbers point to prosperity but citizens suffer is widespread. A typical example is the Democratic Party’s loss in the 2024 US elections, despite the generally satisfactory state ...

In recent years, the world has witnessed record investment in environmentally friendly renewable energy, rapid advances in battery technology and ambitious net‑zero commitments, all supported by sharply falling costs. ...

In the EU, a significant number of existing high‑level research centres focus on empirical studies of issues of public economic interest. Such centres aim to support, in a practical ...

Advances in technology have enabled the rapid spread of information and knowledge, but, at the same time, they have amplified the phenomenon of misinformation and the circulation of false news. ...

Recently, the global economy has faced severe challenges, notably the pandemic, the Ukraine war and disruptions in global trade. Currently, it is once again confronted with a new and rapidly ...

As the EU attempts to balance fiscal discipline with the need for increased investment, public debt remains a key indicator of macroeconomic stability. Eurozone total debt stands at 88.5 per cent ...

The EU is generally perceived as lacking the necessary flexibility to adapt to rapidly changing conditions in a timely manner, due to its complex political system and lengthy decision‑making ...

The relationship between wage levels in the broader public sector and economic growth is of particular interest. Academic literature confirms the view that comparatively low wages increase the risk of ...

Citizens’ lack of trust in public institutions is increasing, especially in developed economies, including Cyprus.  The quality of institutions is a key determinant of prosperity, as highlighted, among others, by ...

After a year of intense volatility, the world economy enters 2026 with a complex mix of challenges and opportunities. Most economists expect that growth will remain moderate by historical standards, around 2.4 ...

The United Nations climate change conference, known as COP30, recently held in Brazil, was a landmark one. It was the tenth since the Paris Conference, in which a binding agreement ...

The regulation of digital assets has become a global priority, as governments and supervisory authorities attempt to balance innovation in payments and blockchain applications with the need to safeguard financial ...

Fighting bureaucracy, as a prerequisite for enhancing economic growth, is among the top priorities of many countries. In the US and Argentina, the approach is radical, characterised by large-scale horizontal ...

Following the global financial crisis of 2008, several European countries – Portugal, Italy, Ireland, Greece and Spain – faced high public debt, weak economic growth and fragile banking sectors. These vulnerabilities led to ...

During the week of October 13-19, the annual meetings of the International Monetary Fund (IMF) and the World Bank took place, with discussions primarily focused on long-term global economic challenges ...

Foreign direct investment (FDI) is a key driver of economic growth, technological advancement, productivity increase and international competitiveness. For small countries like Cyprus, it offers essential capital, specialised knowledge and ...

Currently, a controversial discussion is taking place concerning the EU budgetary framework for the period 2028-2034. This topic will certainly be a key priority in the coming months, which coincide ...

Efforts to broker peace between Russia and Ukraine have so far been unsuccessful, but if there were an end to the war, what would that look like for Ukraine? It ...

In a recent article, we discussed the short-term effects of President Trump’s economic policies on global equity and bond markets. Today, we will try to analyse the long-term effects, ...