Policy brief
29 May 2017
After reaching historically low levels, European long-term sovereign yields experienced a notable rise at the end of 2016 and beginning of 2017. This
Blog post
29 May 2017
Many voices are calling for the ESM to be developed into a fully-fledged European Monetary Fund. But what changes would this entail, and how could the
Blog post
17 May 2017
The idea of a euro-area budget and finance minister have been around for a long while, but the arrival of President Macron gives the proposals new imp
Podcast
11 May 2017
We host a conversation between Jean Pisani-Ferry and Guntram Wolff to discuss what the French election result will mean for France and Europe.
Opinion piece
10 May 2017
Die Debatte um die Zukunft Europas sollte gerade in Deutschland konstruktiv geführt werden. Es profitiert von einer stabilen EU und trägt entscheidend
External publication
02 May 2017
Dirk Schoenmaker's chapter in 'The Palgrave Handbook of European Banking', a handbook that collates the expertise and research of leading academic and
Policy brief
26 April 2017
Analysing the major divergences between the three largest euro-area countries in terms of unit labour costs and current accounts, to the broader debat
Blog post
27 March 2017
The final round of TLTRO financing was an unexpected hit with euro area banks. The aim of the programme is to encourage banks to increase lending to t
Blog post
24 March 2017
Trust in the EU and satisfaction with democracy are returning in southern European countries, where citizens’ confidence in European institutions was
Blog post
17 March 2017
Inflation in the euro area has finally reached 2%. But Draghi is right to warn that the underlying dynamics do not point to this being a self-sustaini
Opinion piece
16 March 2017
The Commission's White Paper on the future of the EU sets out five scenarios, but misses the fundamental questions facing Europe. How should the EU in
Blog post
10 March 2017
French elections are fast approaching and the debate on euro membership is now in full swing. ‘Frexit’ supporters promise that the benefits of leaving
Working paper
06 March 2017
Zsolt Darvas and Dirk Schoenmaker find strong support for the hypothesis that the larger the assets managed by institutional investors, the smaller th
Working paper
28 February 2017
This paper applies the info-gap approach to the unconventional monetary policy of the Eurosystem and so takes into account the fundamental uncertainty
Blog post
06 February 2017
What’s at stake: the Financial Times reports that Peter Navarro, head of the US’s National Trade Council, has accused Germany of currency manipulation
External publication
09 December 2016
An analysis of macroecnomic developments shows that Central and Eastern European (CEE) EU member states fared much better in the aftermath of the cris