Podcast

Steering the boat towards an unknown destination

Shocks pass, but change remains a constant. We need to start focusing on permanent changes in the economy and how to adapt to them.

By: Date: November 25, 2020 Topic: European Macroeconomics & Governance

The economy of the euro area is forecast to contract by 8.7% in 2020 but grow by 6.1% in 2021. The drop in GDP in 2009, the worst year of the financial crisis, was just over 5%. There is no doubt that the drop we face today is much more significant, although it is expected to be short-lived with a sharp bounce back. However, all EU countries are currently going through a second COVID-19 wave exponentially worse than the first in terms of number of infections, albeit with fewer deaths (so far). Who knows what the real hit to the economy will be, and indeed how long it will be before we can resume normality?

In this episode of the Sound of Economics, Giuseppe Porcaro is joined by Bruegel deputy director Maria Demertzis, and Nicola Viegi, Professor of Monetary Economics at the University of Pretoria, who is based in South Africa. They will explore the theme of uncertainty, highlighted by the pandemic, and how to plan policy interventions, especially monetary policy, in this climate of uncertainty.

Maria Demertzis and Marta Domínguez-Jiménez, Bruegel research analyst have recently published a paper for the European Parliament on the topic, looking at the challenges faced by the European Central Bank: ‘Monetary policy in the time of COVID-19, or how uncertainty is here to stay’.

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Upcoming Event

Jan
20
15:00

Monetary and fiscal policy interaction in times of Next Generation EU

Could Next Generation EU enable a better coordination of monetary and fiscal policy

Speakers: Lorenzo Bini Smaghi, Grégory Claeys and Hans Vijlbrief Topic: European Macroeconomics & Governance Location: Bruegel, Rue de la Charité 33, 1210 Brussels
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Podcast

Podcast

Green transformation: a Polish perspective

A conversation on green recovery with the Polish Minister of Climate and Environment, Michał Kurtyka

By: The Sound of Economics Topic: Energy & Climate Date: January 13, 2021
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Blog Post

A matter of life and death: governments must speed up vaccination

COVID-19 vaccination in Europe and the United States is moving too slowly and is failing to prevent avoidable death and economic disruption. More must be done to accelerate the campaign by targeting those most at risk.

By: Uri Dadush Topic: Global Economics & Governance Date: January 13, 2021
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Upcoming Event

Jan
27
16:00

In search of a fitting monetary policy: the ECB's strategy review

The ECB is reviewing its monetary policy strategy. How to ensure monetary policy is fit for purpose in a fast changing world?

Speakers: Maria Demertzis, Philip Lane, Reza Moghadam and Erik F. Nielsen Topic: European Macroeconomics & Governance Location: Bruegel, Rue de la Charité 33, 1210 Brussels
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Blog Post

Corporate insolvencies during COVID-19: keeping calm before the storm

Measures in major economies have protected companies from COVID-19 related insolvency, but have also protected weak firms. Nevertheless, support should remain as long as necessary, while cumbersome insolvency processes should be reformed for the long term.

By: Grégory Claeys, Mia Hoffmann and Guntram B. Wolff Topic: European Macroeconomics & Governance Date: January 7, 2021
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Blog Post

When the future changes the past: fiscal indicator revisions

The 2020 pandemic economic shock has led to reassessment of fiscal policy measures in 2018 and earlier, because of faulty measurement of unobserved output gaps and structural balances. The current period of suspension of EU fiscal rules should be used to design a better fiscal framework.

By: Zsolt Darvas Topic: European Macroeconomics & Governance Date: January 5, 2021
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Opinion

Europe's disappointing investment deal with China

Why rush a deal that is so inherently complex?

By: Alicia García-Herrero Topic: Global Economics & Governance Date: January 4, 2021
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Blog Post

Happy New Year?

A recovery from the COVID-19 recession is underway though the suffering is far from over, especially for the most vulnerable. Inequality is both a consequence of the pandemic and a cause of its severity. Many countries need comprehensive policy change to address its worst effects.

By: Uri Dadush Topic: Global Economics & Governance Date: December 23, 2020
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Podcast

Podcast

The year that tested us all

An overview of economic policy and beyond in 2020

By: The Sound of Economics Topic: European Macroeconomics & Governance Date: December 21, 2020
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Parliamentary Testimony

European Parliament

Monetary Policy in the times of corona: many unknown unknowns

Testimony to the European Parliament on monetary policy.

By: Maria Demertzis and Marta Domínguez-Jiménez Topic: European Macroeconomics & Governance, European Parliament, Testimonies Date: December 21, 2020
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Past Event

Past Event

Health: Crisis governance for a vital global public good

Given the collapse in cooperation and of effective authority over health governance, what strategies should be pursued at international level, and by what means?

Speakers: Anne Bucher, Monica de Bolle, Amanda Glassman, Marisol Touraine and Jean Pisani-Ferry Topic: Global Economics & Governance Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: December 17, 2020
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Podcast

Podcast

The new EU digital regulations: Explained

Bruegel's experts walk you through all the details of the EU's Digital Services Act and Digital Markets Act.

By: The Sound of Economics Topic: Innovation & Competition Policy Date: December 16, 2020
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