Beyond Copenhagen: A climate policymaker's handbook
by Juan Delgado, Stephen Gardner on 17 September 2009
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Category: BOOKS
Topics: Climate change and energy
It is still unclear what a post-Kyoto international regime to tackle climate change will look like. Negotiations on a post-2012 framework are revisiting questions that arose when the Kyoto Protocol was put in place – such as how targets can best be shared out, and how the different interests of rich and poor countries can be addressed – but policymakers must also face new realities. Scientific evidence shows that the climate policies formulated so far are unfit to deal with the magnitude of the challenge.
This book looks realistically at the options for a deal to succeed the Kyoto Protocol. It sets out some of the main ingredients that will have to be included for finalisation of an economically rational agreement that stands a real chance of addressing the threat to the climate system. It critically analyses the European Union's climate policies before reviewing the key elements of such an agreement: carbon markets, flexible mechanisms for transferring money and technology to developing countries, innovation, and the effective enforcement of a global climate deal.
The contributors to the volume are Joseph E Aldy, Valentina Bosetti, Carlo Carraro, Juan Delgado, Denny Ellerman, Dieter Helm, Axel Michaelowa, Robert N Stavins and Massimo Tavoni. The French Ministère de l‘Ecologie, de l‘Energie, du Développement durable et de la Mer, under the auspices of the 2008 French Presidency of the Council of the European Union, contributed financial support to the production of this volume.fileadmin/files/admin/media/press_clippings/2009/Analysis_will_trade_lead_or_lag_the_recovery_110809.pdf
Memos to the new Commission- Europe's economic priorities 2010-2015
by Zsolt Darvas, Jürgen von Hagen, Jean Pisani-Ferry, Bruno van Pottelsberghe , Lars-Hendrik Röller, Indhira Santos, André Sapir, Reinhilde Veugelers, Nicolas Véron, Jakob von Weizsäcker on 27 August 2009
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Category: BOOKS
Topics: Budgetary and monetary policies, Climate change and energy, Competition and single market, Currencies and International finance, Emerging economies and development, Financial markets and regulation, European and global governance, Labour, migration and ageing, Research, innovation and growth, Trade, investment and competitiveness, New Member States, Enlargement and Neighbourhood
These Memos, addressed to the next Commission President and to the new European commissioners, are written by Bruegel Scholars and edited by Senior Research Fellow André Sapir and focus on key economic aspects of EU policy-making.
The new Commission will enter office at a challenging time for Europe, the EU and the Commission itself. The crisis has clearly exposed weaknesses in EU governance which need to be addressed and the memos make a number of concrete recommendations of relevance for major economic fields, as well as for the EU and Commission as a whole.
Addressing the next Commission President, André Sapir and Jean Pisani-Ferry propose that effective leadership will be necessary to give strategic direction to the Commission, ’you [the president] should therefore be ready to fight for ideas and take risks" (JPF-AS). The Memos suggest that the EU will need to assert a position on commonly agreed rules, propose new solutions and, importantly, has an opportunity now to redefine the European narrative in the global arena.
Focusing on the most important economic questions at EU level, the Bruegel memos are intended to be strategic, outlining the state of affairs that will be met by the new Commission and the key challenges and priorities they will need to consider over the next five years.
The euro at ten: the next global currency?
by Jean Pisani-Ferry, Adam Posen on 14 June 2009
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Category: BOOKS
Topics: Currencies and International finance, European and global governance
Over the first ten years of its existence, the euro has proved to be more than a powerful symbol of collective identity. It has provided price stability to previously inflation-prone countries; it has offered a shelter against currency crises; and it has by and large been conducive to budgetary discipline. The eurozone has attracted five new members in addition to the initial eleven, and many countries in Europe wish to adopt it. The euro has also been successful internationally. Even though research presented in this volume confirms that it has not rivaled the dollar's world currency status, it has certainly become a strong regional currency in Europe and the Mediterranean region. Some countries in the region have de facto adopted it, several peg to it, and many have become at least partially euroized.
However, the euro's impressive first decade is likely to be followed by a much more difficult period. The present financial crisis is posing at least two important challenges: real economic adjustment within the euro area and maintenance of fiscal and financial stability without a central government authority capable of taking appropriate financial and fiscal decisions in difficult times.
This book is the product of a joint conference held in 2008 by the Peterson Institute for International Economics and Bruegel. It is edited by Bruegel Director Jean Pisani-Ferry and then-PIEE Deputy Director and current Bruegel board member Adam Posen. The papers and remarks in this volume demonstrate that the euro has proved to be attractive as a fair weather currency for countries and investors well beyond its borders. But it remains to be seen whether it is equipped to also succeed as a stormy weather currency.
Contributors: Joaquín Almunia, Maria Celina Arraes, Leszek Balcerowicz, C. Fred Bergsten, Lorenzo Bini Smaghi, Kristin J. Forbes, Linda S. Goldberg, C. Randall Henning, Mohsin S. Khan, Antonio de Lecea, Erkki Liikanen, Philippe Martin, Thomas Mayer, André Sapir, Dominique Strauss-Kahn, Lawrence H. Summers, and György Szapáry.
For more information on the events related to the book launch, please consult our Research page.
Fragmented power: Europe and the global economy
by André Sapir on 31 August 2007
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Category: BOOKS
Topics: European and global governance, Research, innovation and growth, Trade, investment and competitiveness
The European Union is the world‘s largest economic entity, with half a billion people and a gross domestic product slightly larger than the United States. It is the largest exporter, the largest foreign aid donor, the largest source of foreign investment, and a magnet for migrants. But its decision-making powers are often fragmented and ineffective.
To date there has been no comprehensive study of European international economic relations. This book fills that gap. It examines the main areas of Europe‘s foreign economic policy: trade, development, external competition policy, external financial markets, external monetary policy, migration and external energy/environment policy.
This book explains why it is time for the EU to wake up to its global responsibilities, and why, in the absence of reform of its governance system, Europe risks remaining a fragmented power.
The contributors to the volume are Alan Ahearne, Marco Becht, Olivier Bertrand, Arne Bigsten, Herbert Brücker, Beno√Æt Coeuré, Luis Correia Da Silva, Barry Eichengreen, Simon J. Evenett, Marc Ivaldi, Jean Pisani-Ferry, André Sapir, Coby van der Linde and Jakob von Weizsäcker.
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