André Sapir and Jean Pisani Ferry comments on the European Commission's report EMU@10. They share much of its assments but think that its prescriptions should go further. Click here to download this comment. This comment was also published by the Financial Times. Read more
Bruegel blog
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Lasting Euro success requires bolder proposals
7th May 2008
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Why the coffers are empty
28th April 2008
The French economy is once again going into an economic slow-down with a budget deficit which is too high. Jean Pisani-Ferry argues that it is high time for France to adopt a code of budgetary responsibility and procedures. Click here to download this comment. This comment was also published by Le Monde. Read more
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Fire and ice
8th April 2008
Jean Pisani-Ferry discuss the dilemma facing central banks around the world -the inflation is rising and the growth is declining. Should they increase rates in order to fight the fire, or decrease them to avoid ice-over? Click here to download this comment. Read more
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Stormy weather reforms
18th March 2008
Jean Pisani Ferry writes about Sarkozy's reform choices, asking the questions can the reforms give growth a boost? Can they be funded? What are the priorities? Are they socially acceptable? Click here to download this comment. This comment was also published by Le Monde. Read more
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Why Europe has caught a cold
27th February 2008
The old economist saying Whenever the US sneezes, Europe catches a cold‘ seems to once again been proved right. The forecasts for European growth have dropped, but rather than being based on economic analysis the pessimism stems from the disbelief in Europe‘s ability to, despite being one of the giants of the world economy, finding the wellspring of its own growth. Click here to download this comment. This comment was also published by Le Monde. Read more
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Different economic strokes
17th February 2008
Do U.S. and European economic policy makers live on the same planet? Asks Jean Pisani Ferry. In the last few weeks, amid turbulence in markets and the economy, the U.S. Federal Reserve lowered interest rates by 125 basis points and Congress agreed on a $168 billion fiscal package. But at the same time, the European Central Bank left interest rates unchanged. European governments showed no appetite for reflation and the European Commission continues its call to reduce deficits. Click here to download this comment. This comment was also published by the Wall Street Journal. Read more
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Rougher times ahead for the Euro area
7th February 2008
Nearly ten years after its inauguration the euro area proved to be a success. But the latest financial turmoils should be understood as a wake up call for policymakers to prepare for more stormy times ahead, according to Jean Pisani-Ferry. Click here to download this comment. This comment was also published by Financial Times Deutschland. Read more
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Transatlantic contrasts
5th February 2008
Jean Pisani-Ferry discuss the institutional differences between the US federal reserve and the European Central Bank. He argues that the real question for Europe is not whether they should follow the example of the Americans, but if the euro area could muster the will and the capacity to act firmly in order to ward off a serious risk. Click here to download this comment. This comment was also published by Le Monde. Read more
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Le divorce d'avec les chiffres
14th January 2008
Jean Pisani Ferry writes about the divergence between statistical indicators and the French populations perception of the economic situation. Click here to download this comment in French. This comment was also published by Le Monde. Read more
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Grow the Lilliputians
15th November 2007
Jean Pisani Ferry argues that if governments want to improve export performance the policy focus should be on the small and medium size companies rather than the large globalised firms. Click here to download the comment. This comment was also published by Financial Times Deutschland. Read more