Bruegel

European macroeconomics

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)