Jacob Funk Kirkegaard
Jacob Funk Kirkegaard is a Senior Fellow at Bruegel. He specialises in international economics, defence industrial policy, demographics, immigration, labour markets and foreign direct investment.
His research also covers structural reform issues, European economies and services trade.
He speaks English, German and Danish.
Jacob is also a Non-resident Senior Fellow with the Peterson Institute for International Economics (PIIE), and Head of European research with 22V Research in New York. Previously, he was a Senior Fellow with the Brussels office of the German Marshall Fund of the United States (GMF). He has also worked with the Danish Ministry of Defence, NATO, the United Nations in Iraq, and in the private financial sector. He holds a PhD from Johns Hopkins University, School of Advanced International Studies.
Disclosure of interests
Featured work
Europe Is Stuck With America
What lessons can Ukraine learn from the Gulf?
The time has sadly come for a Nordic nuclear weapon
Why US designs on Greenland will ultimately end in compromise
Annexation of Greenland by the United States is unrealistic for numerous reasons
The European Union and the war in Ukraine: more money, but not more Europe
This Working Paper analyses the drivers of rearmament and especially military aid to Ukraine
The real obstacle to EU capital market integration is unreformed pension systems
Private pension savings in EU countries are limited by pension system design, meaning far less money than there could be for capital market investment
Economic impact must dictate immigration policies in an ageing Europe
Faced with rapid population change, EU countries must evaluate the weighting they give to different migration channels in their immigration policies
There are no good arguments against the Ukraine reparations loan
What does an ageing Europe need from immigration?
The macroeconomic impact of ageing, EU immigration policy and pension expenditures
The EU faces ageing-driven fiscal strain, slower growth and rising pension costs, making employment-focused migration increasingly vital
What should Europe pay for?
The EU’s next seven-year budget grapples with agriculture, defence and public goods
How can Europe hold its own in a multipolar world?
Geopolitical shifts and their economic impacts on Europe: Short-term risks, medium-term scenarios and policy choices
Ukraine: European democracy’s affordable arsenal
A future enlarged EU, including Ukraine, should take full advantage of the lower-cost military production capabilities of Ukraine
How can the EU affordably rearm itself?
Why is the G7 pledge to loan Ukraine $50 billion by the end of 2024 so important?
What can Europe learn from Japanification?
Japan’s experience in dealing with an ageing population and deflation could provide important lessons for Europe and beyond
Has Hungarian obstructionism triggered greater EU fiscal integration?
Viktor Orban, by delaying EU aid to Ukraine, may have inadvertently helped make the case for more EU fiscal federalism
Memo to the commissioner responsible for migration
Transatlantic economic challenge in an era of growing multipolarity
The contributions in this volume by subject area experts from the Peterson Institute for International Economics and Bruegel ponder how or whether t
All work
Opinion piece
06 April 2026
Newsletter
09 March 2026
Opinion piece
30 January 2026
First Glance
09 January 2026
Why US designs on Greenland will ultimately end in compromise
Annexation of Greenland by the United States is unrealistic for numerous reasons
Event
27 January 2026
Securing Ukraine’s future in Europe: Ukraine’s defence industrial base opportunity
What opportunities exist for investing in Ukraine's defence industry?
Working paper
11 December 2025
The European Union and the war in Ukraine: more money, but not more Europe
This Working Paper analyses the drivers of rearmament and especially military aid to Ukraine
Event
11 December 2025
EU & Ukraine's funding
This event is closed-door and invitation-only
Event
14 January 2026
Demography at a turning point: growth, talent and the future of societies
How demographic shifts reshape growth, labour markets and public policy
Event
01 December 2025
Mapping the new EU economic security framework
How will 'protect, promote, partner' play out?
First Glance
05 November 2025
The real obstacle to EU capital market integration is unreformed pension systems
Private pension savings in EU countries are limited by pension system design, meaning far less money than there could be for capital market investment