In 2011 research at Bruegel concentrated on three domains: global economic, monetary and financial governance; the reform of the international monetary system; and interdependence in the new global context. In 2012 again, the bulk of our macroeconomic research effort will be focused on the euro area. Despite ECB initiatives, improvements in the economic climate and the January agreement on the new treaty on stability, coordination and governance, its crisis cannot be considered to have been overcome and it remains a major cause for concern at European and global level. Topics for discussion in 2012 include medium- and longer-term issues: macroeconomic policy and adjustment in the EMU; the euro area’s governance; the sovereign bond market and the banking sector; economic growth; and last but not least, the EU budget.
Coordinator: Zsolt Darvas
Contributors: Zsolt Darvas, Benedicta Marzinotto, Jean Pisani-Ferry, André Sapir, Nicolas Véron, Reinhilde Veugelers, Guntram Wolff, Jacques Delpla, Shahin Vallée, Jakob von Weizsäcker
External contributors: Dag Detter, Mark Hallerberg (Hertie School Berlin)
20th February 2006Jean Pisani-Ferry's note was prepared for the European Parliament-National Parliaments Debate on "How to Raise Growth in the Euro Area?" in Brussels.
31st January 2006
Alan Ahearne and Jean Pisani-Ferry explore the implications of economic divergence in the euro area for policy makers, as well as the discipline required to…
30th November 2005The goal of this working paper is to take stock of the discussions on the fiscal institutions of EMU, to confront the framework in place to what is known of the desirable properties of fiscal policy in a monetary union, and to discuss possible improvements.
2nd June 2005Paper by Jean Pisani-Ferry for the Munich Economic Summit in June 2005.