a column by Moreno Bertoldi, Paolo Pesenti, Hélène Rey and Petr Wagne for VOX: CEPR’s Policy Portal
Ten years after the global crisis, transatlantic relationships are at a crossroads.
This column summarises a conference jointly organised by the New York Fed, the European Commission, and CEPR at which the participants discussed the strength of current growth prospects and the likelihood of inflation remaining subdued in advanced economies, and whether the current regulatory and policy frameworks are well suited to supporting financial stability and growth.
One conclusion was while an escalation in trade tensions between the US and EU would have significant economic consequences on both sides of the Atlantic, this is not a foregone conclusion and there is room to uphold and strengthen the transatlantic relationship.
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