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Out of Sample is a running set of notes and data-driven analyses on international and European economic policy and current affairs, aimed at making sense of a shifting global economy.

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Latest Issues

Plaza, China and the Politics of Adjustment

China’s large (and growing) current account surplus and the weakness of the renminbi have put the exchange rate at the centre of the argument over the imbalance with the United States and Europe.

Writing in The Economist, Gita Gopinath, Pi...

8 days ago
4
6

How Planning Shaped Europe’s Postwar Industrial Transformation

How Europe organised industrial transformation in the postwar years

Faced with China’s state-supported manufacturing overcapacity in key sectors, increasingly protectionist policies in the United States, rapid technological change, the...

12 days ago
12
2

New Paper on Romania’s Growth Drivers and Macroeconomic Policy

Romania’s convergence and twin deficits

This one is more for promotional purposes and a bit outside of what I usually write here. I have published a new paper taking stock of Romania’s growth drivers and macroeconomic policy regime ove...

a month ago
6

China Supplies the Industries Europe is Trying to Protect

Introduction

In the last few days, the EU moved closer to arming itself with new powers to tax and restrict Chinese goods, and it sat down with Beijing for their first formal trade talks in seven years. The push came after the European...

a month ago
12
1

Europe's Productivity Debate Needs Better Data

The recent exchange between , , Philippe Aghion and Antonin Bergeaud has turned Europe’s productivity gap with the United States into a dispute over what the data actually measure. Using industry-level growth accounting data, I took a sligh...

2 months ago
17
2

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  • Andrei Sterescu

    EU economist focused on European economic policy, competitiveness, and international political economy. Views are my own and do not represent those of my employer.

  • Mihai Chereji
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