Past Event

Bruegel Annual Meetings 2020 – Day 3

Third day of Bruegel Annual Meetings.

Date: September 3, 2020, 8:00 am Topic: Energy & Climate

A NEW SURGE IN INEQUALITY IN THE AFTERMATH OF COVID-19

Summary by Klaas Lenaerts

 

KEYNOTE: TOGETHER FOR EUROPE’S RECOVERY AND FOR A BETTER, MORE SOVEREIGN EUROPE

Summary by Lionel Jeanrenaud

ASSESSING EUROPEAN AND INTERNATIONAL FINANCIAL SYSTEMS

Summary by Marta Domínguez-Jiménez

 

ECONOMIC RECOVERY IN AFRICA AFTER COVID-19

Summary by Ben McWilliams

 

CLOSING LECTURE – GOOD ECONOMICS FOR HARDER TIMES

Summary by Julia Anderson

Schedule

Sep 3, 2020

8:00-9:00

THE ROLE OF THE STATE IN THE ECONOMY

Chair: Reinhilde Veugelers, Senior Fellow

Olivier Guersent, Director General, European Commission, DG COMP

Philipp Steinberg, Director-General of Economic Policy, Federal Ministry for Economic Affairs and Energy, Germany

This closed-door session will not be livestreamed

Break

9:30-10:30

A NEW SURGE IN INEQUALITY IN THE AFTERMATH OF COVID-19

Chair: Zsolt Darvas

Santina Bertulessi, Deputy Head, Cabinet of Nicolas Schmit, European Commissioner for Jobs and Social Rights

Philippe Lamberts, Member of the European Parliament

Martin Sandbu, European Economics Commentator, Financial Times

Break

12:30-13:30

KEYNOTE: Together for Europe’s recovery and for a better, more sovereign Europe

Chair: Guntram B. Wolff, Director

Maria Demertzis, Deputy Director

Olaf Scholz, Minister of finance, Germany

13:30-14:30

ASSESSING EUROPEAN AND INTERNATIONAL FINANCIAL SYSTEMS

Chair: Nicolas Véron, Senior Fellow

Elena Carletti, Professor, Bocconi University

Benoît Coeuré, Head of Innovation Hub, Bank for International Settlements (BIS)

Alexandra Dimitrijevic, Global Head of Research, S&P Global

Martin Merlin, Director - Bank, insurance and financial crime, European Commission, DG FISMA

Pierre Wunsch, Governor, National Bank of Belgium

14:30-15:45

AFRICA AFTER COVID-19: CAN THE ECONOMY RECOVER?

Ellen Johnson Sirleaf, First Female President of Liberia & Nobel Peace Laureate

Keynote speech:

Chair: Uri Dadush, Non-Resident Fellow

Koen Doens, Director General, European Commission, DG DEVCO

Hafez Ghanem, Vice president, World Bank

Trudi Makhaya, Advisor to the South African President Cyril Ramaphosa

Patricia Obo-Nai, CEO, Vodafone Ghana

16:00-17:00

CLOSING LECTURE - Good economics for hardER times

Chair: Guntram B. Wolff, Director

Esther Duflo, Abdul Latif Jameel Professor of Poverty Alleviation and Development Economics, Department of Economics, Massachusetts Institute of Technology

Location & Contact

Bruegel, Rue de la Charité 33, 1210 Brussels

Matilda Sevon

[email protected]

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Opinion

Without good governance, the EU borrowing mechanism to boost the recovery could fail

The European Union recovery fund could greatly increase the stability of the bloc and its monetary union. But the fund needs clearer objectives, sustainable growth criteria and close monitoring so that spending achieves its goals and is free of corruption. In finalising the fund, the EU should take the time to design a strong governance mechanism.

By: Guntram B. Wolff Topic: European Macroeconomics & Governance Date: September 15, 2020
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Upcoming Event

Sep
28
15:00

From playing field to player: Europe’s strategic autonomy as our generation’s goal

At this online event Charles Michel will speak the importance of Europe's strategic autonomy.

Speakers: Charles Michel and Guntram B. Wolff Topic: European Macroeconomics & Governance Location: Bruegel, Rue de la Charité 33, 1210 Brussels
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Policy Contribution

Financing the European Union: New Context, New Responses

With the European Union for the first time taking on debt to help finance the economic recovery from the coronavirus, new resources are needed to fund the EU budget. Various ideas have been floated – including a digital tax and a financial transactions tax – but the most appropriate new resource would be revenues from the EU emissions trading system, which could provide enough funding to repay the EU's coronavirus borrowing.

By: Clemens Fuest and Jean Pisani-Ferry Topic: European Macroeconomics & Governance Date: September 11, 2020
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Parliamentary Testimony

Employment and COVID-19

Testimony before the Economic Affairs Committee at the House of Lords, British Parliament on Employment and COVID-19.

By: Guntram B. Wolff Topic: European Macroeconomics & Governance, Finance & Financial Regulation, Testimonies Date: September 9, 2020
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Past Event

Past Event

Bruegel Annual Meetings 2020 - Day 2

Second day of Bruegel Annual Meetings.

Topic: Energy & Climate, European Macroeconomics & Governance, Finance & Financial Regulation, Global Economics & Governance, Innovation & Competition Policy Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: September 2, 2020
Read about event
 

Past Event

Past Event

Bruegel Annual Meetings 2020 - Day 1

The Annual Meetings are Bruegel's flagship event which gathers high-level speakers to discuss the economic topics that affect Europe and the world.

Topic: Energy & Climate, European Macroeconomics & Governance, Finance & Financial Regulation, Global Economics & Governance, Innovation & Competition Policy Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: September 1, 2020
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Blog Post

Emerging market central banks and quantitative easing: high-risk advice

Central banks in emerging markets with weak currencies should not resort to unorthodox monetary tools such as quantitative easing as a response to the crisis triggered by COVID-19. Preferable alternatives include shifting public spending away from less pressing needs, moderately increasing public debt and falling back on official development assistance.

By: Marek Dabrowski and Marta Domínguez-Jiménez Topic: Global Economics & Governance Date: August 26, 2020
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Opinion

The Challenges of the Post-Pandemic Agenda

This opinion piece has previously been published in Project Syndicate. PARIS – There is a growing possibility that the COVID-19 crisis will mark the end of the growth model born four decades ago with the Reagan-Thatcher revolution, China’s embrace of capitalism, and the demise of the Soviet Union. The pandemic has highlighted the vulnerability of […]

By: Jean Pisani-Ferry Topic: Global Economics & Governance Date: July 28, 2020
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Opinion

Can households in the European Union make ends meet?

Half the households surveyed by Eurostat see themselves as unable to find the resources they would need to cope with an unexpected expense within a month, estimated by experts at €375 in the case of Greece.

By: Maria Demertzis, Marta Domínguez-Jiménez and Annamaria Lusardi Topic: Finance & Financial Regulation Date: July 24, 2020
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Blog Post

Having the cake, but slicing it differently: how is the grand EU recovery fund allocated?

The European Commission’s original allocation mechanism really favoured lower-income countries and to a large extent was based on pre-COVID economic data. The modification adopted by the European Council gives more consideration to the country size and the adverse economic impact of COVID-19. As a consequence, by using the Commission’s May 2020 economic forecasts, I estimate that only Germany and France will get more grants from the EU’s recovery fund compared to the Commission’s original proposal, while other countries will get less.

By: Zsolt Darvas Topic: European Macroeconomics & Governance Date: July 23, 2020
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Blog Post

Boosting the resilience of Europe’s financial system in the coronavirus crisis

Europe has a heavily bank-based financial structure, but bank-based financial structures are associated with higher systemic risk than market-based financial structures. The higher level of systemic risk in Europe suggests caution when pursuing policies that stimulate risk taking and debt creation by banks, especially in the wake of COVID-19. Priority should be given to financial diversification and equity finance.

By: Joost Bats, Aerdt Houben and Dirk Schoenmaker Topic: Finance & Financial Regulation Date: July 17, 2020
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Opinion

The EU’s Opportunity to Turn Its Markets Toward the Future

Meeting the fiscal demands of COVID-19 will require the European Union to borrow on capital markets more than ever, and for European pension funds and households to look more widely for ways to build their nest eggs safely. The EU should take the challenges of the pandemic and Brexit as a chance to get its financial infrastructure house in order.

By: Rebecca Christie Topic: European Macroeconomics & Governance, Finance & Financial Regulation Date: July 16, 2020
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