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Romesh Vaitilingam

@econromesh

Economics writer on new findings, policy analysis & commentary from a wide range of researchers & institutions; editor-in-chief of @EconObservatory
London, UK cepr.org/about/people/r… Joined March 2013
1.1K Following 9.9K Followers 46K Posts

Latest posts 5

Romesh Vaitilingam @econromesh
New proposal to make the fiscal burden of EU debt visible in national statistics without reopening the recently reformed rules on sustainability of national public finances could also strengthen the safe-asset properties of EU bonds, @voxeu

cepr.org/voxeu/columns/…
cepr.org Mind the gap: Bringing EU debt into the Stability and Growth Pact EU debt has become a noticeable feature of Europe’s fiscal architecture. However, EU fiscal rules focus solely on national public finances. They have a blind spot for EU debt, which calls their goal...
Romesh Vaitilingam @econromesh
Without the Age of Mass Migration, US GDP per capita would have been 8.2% lower by 1940, while the policy that ended mass migration (the 1921 & 1924 Quota Acts) harmed the US comparatively little, @voxeu

cepr.org/voxeu/columns/…
cepr.org Immigration, innovation, and the geography of growth: Lessons from the Age of Mass Migration US net migration turned negative in 2025 following a sharp tightening of immigration policies. This column turns to the Age of Mass Migration and the sharp policy reversal of the 1921 and 1924 Quota...
Romesh Vaitilingam @econromesh
Confusion about the current state of US tariff policy over the course of 2025 led to a decline in US imports that was similar in size to the reduction caused by tariff increases alone; confusion effectively doubled the negative impact of tariffs, @voxeu

cepr.org/voxeu/columns/…
cepr.org Tariff confusion The year 2025 was unprecedented in the frequency, complexity, and volatility of US trade policy interventions. This column uses a new database tracking US tariff announcements during the year to show...
Romesh Vaitilingam @econromesh
Lower capital requirements for European banks are unlikely to unlock additional lending for early-stage technologies & innovative firms; reforms should simplify interactions between different requirements, streamline reporting & complete the Banking Union

cepr.org/voxeu/columns/…
cepr.org Lower capital requirements are no shortcut to European competitiveness The European banking sector is known for high regulatory complexity, market fragmentation, and uneven implementation of international standards. However, this column argues that across-the-board...
Romesh Vaitilingam @econromesh
AI innovation is concentrated in a small number of economies, while the gains from AI depend on technologies, intermediate inputs, data, investment & know-how moving across borders, @voxeu on the impact of the fragmentation of the global economy

cepr.org/voxeu/columns/…
cepr.org AI in a fragmenting world: Why ‘connector’ economies can still gain Artificial intelligence is advancing at the same time as the global economy is becoming more fragmented. AI innovation is concentrated in a small number of economies, while the gains from AI depend...