This event, jointly organised with ISPI, as the National Coordinator and Chair of the T20 Italy, is part of the T20 Spring Roundtables and it will focus on strategies for a swift and sustainable economic recovery for Europe.
This event, jointly organised with ISPI, as the National Coordinator and Chair of the T20 Italy, in cooperation with Elcano Royal Institute and CER, will address the measures to foster a quick recovery after the pandemic, but one which also ensures a sustainable and more inclusive future.
This public session is preceded by an invitation-only workshop. The full event is held in the framework of Think-20 (T20) a global group of think tanks supporting the G20 with in-depth analysis for ongoing discussions and new ideas.
Chair: Miguel Otero-Iglesias, Senior Analyst, Elcano Royal Institute
Franco Bruni, Vice President, ISPI; Lead Co-Chair, T20 Italy TF9 on International Finance
Paul De Grauwe, John Paulson Chair in European Political Economy, European Institute, London School of Economics
Maria Demertzis, Deputy Director
Elena Flores, Deputy Director-General, European Commission, DG ECFIN
Christian Odendahl, Chief economist at the Centre for European Reform
André Sapir, Senior Fellow
Vice President, ISPI; Lead Co-Chair, T20 Italy TF9 on International Finance
Deputy Director-General, European Commission, DG ECFIN
John Paulson Chair in European Political Economy, European Institute, London School of Economics
Chief economist at the Centre for European Reform
Senior Analyst, Elcano Royal Institute
How can we ensure a worldwide balanced and inclusive recovery from the Covid pandemic?
COVID-19 has complicated inflation measurement. Policymakers need to take this into account and should look at alternative measures of inflation to understand what is actually happening in the economy.
Structural factors are putting downward pressure on rates: is it time for macroeconomic policy to play second fiddle in managing demand?
Interest rates have been on a long-term decline, associated with declining productivity growth. To tackle this, the priorities are to reduce market concentration and, in Europe, change the financing model.
Summary of the macro outlook based on Commission forecasts and analysis of the global picture.
The spine of the letter represents the fall in activity at the start of the pandemic. Then there is a split, which leads to the two ‘arms’ that capture the different directions taken by economic activity in different sectors.
“We are not going to lead our society to a low-carbon economy by continuing to finance the status quo. “
The European Central Bank portfolio is skewed towards the brown economy, reflecting a bias in the market. Can and should the bank deviate from the market allocation?
This paper assesses COVID-19 credit-support programmes in five of the largest European economies, and examines how countries have dealt with trade-offs raised by the programmes.
Ever since the 2008 financial crisis, central bankers have been busy developing new policy instruments to fight fires and ward off emerging threats. Nonetheless, many secretly dreamed of returning to the good old days of cautious conservatism (with financial stability taken seriously).
Ce qui est malsain, avec la proposition d’annuler la dette, c’est le déni de réalité consistant à affirmer que l’Etat peut effacer une partie de ses engagements sans que cela ne coûte à personne.
Ongoing fiscal support in the United States is not expected to provoke inflation risks. There are no immediate inflationary risks in the euro area either.