Eu governance

Why a Grexit is more costly for Germany than a default inside the euro area

Direct losses for Germany would be much larger if Greece was to exit the euro.

Eurozone South is still not a place for young workers

Eurostat released today the latest seasonally adjusted quarterly data for unemployment. Youth unemployment has been decreasing (slowly) in Greece, Ire

How can Europe escape recession in 2015?

A clear priority for 2015 will be to manage proactively the fallout from a possible continuation of the conflict with Russia. In addition, the eu

Kohl’s Euro

The great challenge today is to undo the legacy of Kohl’s rhetoric. Breaking up the euro is too costly. Thus the task is to weaken the ties that bind

Think tank transparency: Bruegel awarded five stars by Transparify

Transparify has rated Bruegel as one of the most transparent think tanks worldwide and in Europe, pointing to Bruegel’s “exemplary transparency”

Lessons from the Bank of Japan for the euro area

It was feared that after the consumption tax hike, the inflation expectations would be dampened too much and the Bank of Japan would miss its target.

Eurosystem collateral policy and framework: Was it unduly changed?

This Policy Contribution was prepared for the European Parliament Committee on Economic and Monetary Affairs. It argues that the changes in the collat

Does Money Matter in the Euro area? Evidence from a new Divisia Index

The purpose of this paper is to examine the possible role of money shocks on output and prices in the euro area.

Held og lykke, Commissioner Vestager

Tomorrow, new European Commissioner Margrethe Vestager will take control of the Commission’s most powerful tool: the enforcement of European Union com

Are the Eurozone’s fiscal rules dying?

How I learned to stop worrying about TARGET2 and love the ECB

There always comes a time we have to face our past. For economists, it often happens when updating data long left sitting in a remote corner of o

Is Europe saving away its future?

The Crisis affected public spending. Research and innovation is one area often highlighted as needing protection. This column does not find strong evi