Upcoming Event
Upcoming Event
The ECB is reviewing its monetary policy strategy. How to ensure monetary policy is fit for purpose in a fast changing world?
The ECB is in the middle of reviewing its monetary policy strategy. What are the issues that it needs to address? Are there quick gains to be had? And what are the big issues that it must consider? Importantly, how is the role of macroeconomic management changing in the era of the digital transformation?
At this event the speakers will be joined by a small number of experts for a interactive roundtable event, which will be livestreamed for a larger audience. There will be no possibility for audiences watching the stream to ask questions.
16:00-17:00
Conversation
Chair: Maria Demertzis, Deputy Director
Philip Lane, Chief Economist, European Central Bank (ECB)
Reza Moghadam, Chief Economic Advisor, Morgan Stanley
Erik F. Nielsen, Group Chief Economist, Unicredit
Deputy Director
Chief Economist, European Central Bank (ECB)
Chief Economic Advisor, Morgan Stanley
Group Chief Economist, Unicredit
[email protected]
Upcoming Event
Could Next Generation EU enable a better coordination of monetary and fiscal policy
Parliamentary Testimony
Testimony to the European Parliament on monetary policy.
Opinion
COVID-19 is a global killer. Austerity needs to succumb.
Podcast
Shocks pass, but change remains a constant. We need to start focusing on permanent changes in the economy and how to adapt to them.
External Publication
The COVID-19 crisis has compounded the uncertainty that has come to characterise the European economy. We explore how this uncertainty manifests itself in terms of ECB decision-making and the long-run challenges the ECB faces.
Blog Post
European Central Bank intervention provides a buffer against the uncertainty faced by European Union economies in the face of COVID-19. For the time being, this intervention has alleviated concern about Italy's debt, but without it Italy is vulnerable to a debt crisis.
External Publication
This paper, written at the request of the Committee on Economic and Monetary Affairs, assesses how the European Parliament holds the European Central Bank accountable. The same exercise is done for the Bank of Japan, in order to identify possible lessons for the ECB and the European Parliament.
Past Event
The Annual Meetings are Bruegel's flagship event which gathers high-level speakers to discuss the economic topics that affect Europe and the world.
Policy Contribution
The euro never challenged the US dollar, and its international status declined with the euro crisis. Faced with a US administration willing to use its hegemonic currency to extend its domestic policies beyond its borders, Europe is reflecting on how to promote it currency on the global stage to ensure its autonomy. But promoting a more prominent role for the euro is difficult and involves far-reaching changes to the fabric of the monetary union.
Opinion
The ruling of the German Federal Constitutional Court (GFCC) of May 5 on the ECB’s monetary policy affects not only the relation of Germany to the European Central Bank (ECB) and the Court of Justice of the European Union (ECJ) but also the constitutional foundations of monetary policy.
Policy Contribution
COVID-19 is by far the biggest challenge policymakers in emerging economies have had to deal with in recent history. Beyond the potentially large negative impact on these countries’ fiscal accounts, and the related solvency issues, worsening conditions for these countries’ external funding are a major challenge.
Opinion
The announcement of a large stimulus without a growth target indicates that China’s recovery is far from complete.