Blog post
13 February 2019
There is a strong case for an oil benchmark in euros. Trading energy markets in more than one currency is not unprecedented, and indeed used to be the
Blog post
11 February 2019
An old debate is back with a kick. The discussion around modern monetary theory first gained traction in the economic blogosphere around 2012. Recent
Blog post
06 February 2019
The authors map how much fiscal debt is in the hands of domestic and foreign holders in the euro area. While the market for debt was much more interna
Policy brief
18 December 2018
Is a more important international role for the euro worth pursuing? What measures would achieve this result, if it is worth pursuing?
Opinion piece
15 December 2018
Marek Dabrowski and Lukasz Janikowski analyse why private money has historically failed in competition against sovereign currencies and what it means
Blog post
13 December 2018
The deal reached on euro-zone reform at the December 4th Eurogroup is not ground-breaking. However, it contains a number of incremental but potentiall
Policy brief
13 December 2018
What did we learn from the recent monetary policy normalisation experiences of Sweden, the United States and the United Kingdom? Zsolt Darvas consider
Podcast
12 December 2018
Bruegel senior scholar Zsolt Darvas speaks about his review of systematic errors in ECB forecasting, in another instalment of the Deep Focus podcast o
Blog post
06 December 2018
In the past five years ECB forecasts have proven to be systematically incorrect: core inflation remained broadly stable at 1% despite the stubbornly p
Blog post
03 December 2018
The authors assess whether the euro area should pursue a greater international role for the euro, as outlined by European Commission president Jean-Cl
Policy brief
22 November 2018
In this Policy Contribution prepared for the European Parliament’s Committee on Economic and Monetary Affairs (ECON) as an input to the Monetary Dialo
Blog post
20 November 2018
Since the European Central Bank’s announcement of its quantitative easing (QE) programme in January 2015, national central banks have been buying gove
Podcast
26 October 2018
Bruegel senior fellow Zsolt Darvas welcomes Sayuri Shirai, professor at Keio University, visiting scholar at the Asian Development Bank Institute and
Blog post
15 October 2018
The recent State of the Union speech by Jean-Claude Juncker sparked a discussion about the potential wider use of the euro on the international stage.
Blog post
25 September 2018
“It is absurd that Europe pays for 80% of its energy import bill – worth €300 billion a year – in US dollars when only roughly 2% of our energy import
Blog post
20 September 2018
Have prices moved in the direction of correcting real exchange rate misalignments everywhere in the euro area in recent years? Not between the largest