Jean Pisani-Ferry is a Senior Fellow at Bruegel, the European think tank, and a Non-Resident Senior Fellow at the Peterson Institute (Washington DC). He is also a professor of economics with Sciences Po (Paris).
He sits on the supervisory board of the French Caisse des Dépôts and serves as non-executive chair of I4CE, the French institute for climate economics.
Pisani-Ferry served from 2013 to 2016 as Commissioner-General of France Stratégie, the ideas lab of the French government. In 2017, he contributed to Emmanuel Macron’s presidential bid as the Director of programme and ideas of his campaign. He was from 2005 to 2013 the Founding Director of Bruegel, the Brussels-based economic think tank that he had contributed to create. Beforehand, he was Executive President of the French PM’s Council of Economic Analysis (2001-2002), Senior Economic Adviser to the French Minister of Finance (1997-2000), and Director of CEPII, the French institute for international economics (1992-1997).
Pisani-Ferry has taught at University Paris-Dauphine, École Polytechnique, École Centrale and the Free University of Brussels. His publications include numerous books and articles on economic policy and European policy issues. He has also been an active contributor to public debates with regular columns in Le Monde and for Project Syndicate.
Disclaimer of external interests
This policy brief sets out policy proposals to enhance governance in order to safeguard EU decarbonisation.
A symphony in progress: shaping a new agenda for Europe
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This contribution analyses the deficiencies of the current framework and identifies possible responses, in line with three levels of reform ambition.
With winter fast approaching, the absence of common guidelines for national energy policies should be regarded as an economic emergency.
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The platform could become an effective emergency tool to safeguard Europe’s gas supply, but policymakers need to address challenges to make it work.
Fiscal support and monetary vigilance: economic policy implications of the Russia-Ukraine war for the European Union
Policymakers must think coherently about the joint implications of their actions and avoid taking measures that contradict each other.
Whatever the duration of the war, its legacy will be long-lasting. It will shape Europe’s policy choices for the years and decades to come.
A special episode of the Sound of Economics Live where we analysed the macroeconomic implications of the war in Ukraine.
This Blueprint includes some of the Group’s most prominent voices on the different aspects of the multidimensional issue of green recovery.
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How does climate change influence monetary policy in the eurozone? What potential monetary policy measures should be taken up to address climate risks
Although economics and geopolitics have never been completely separate domains, international economic relations were shaped for 70 years by their own
Bruegel Annual Meetings, Day 2 - Are we entering a new age in the relationship between international economics and global politics? Is Europe well-equ
This essay addresses an old question that international relations scholars view as fundamental, but which economists regard as secondary: that of asym
The 2021 Annual Meetings gathered high-level speakers and participants to discuss how to recover from the crises brought on by the Covid pandemic
The tension between the unprecedented need for global collective action and a growing aspiration to rebuild political communities behind national bord
The Biden administration's promises to 'think big' and rebuild the country seem like a major historical departure from decades of policy orthodoxy.
We see three main economic implications of a scenario of recurrent outbreaks: lasting border restrictions, repeated lockdowns and enduring effects on
How to make the European Green Deal succeed.
Ever since the 2008 financial crisis, central bankers have been busy developing new policy instruments to fight fires and ward off emerging threats. N
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The Green Deal will redefine Europe’s global policy priorities; as such, it is a foreign policy development with profound geopolitical consequences
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An attempt merely to restore the pre-Trump status quo would fail to address major challenges; the task ahead is one of rebuilding, rather than repair.
Ensuring effective recovery spending is a high-stakes challenge for the European Union, with the potential for derailment because of fuzzy objectives
If Donald Trump loses the United States presidential election in November, he will ultimately be seen to have left little mark in many areas. But in t
Next Generation EU, was rightly hailed as a major breakthrough: never before had the EU borrowed to finance expenditures, let alone transfers to membe
With the European Union for the first time taking on debt to help finance the economic recovery from the coronavirus, new resources are needed to fund
Second day of Bruegel Annual Meetings.
Bruegel's flagship event transformed into a virtual conference for pandemic times
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The German Constitutional Court's ruling on the ECB's asset purchase programme is open to much criticism but it can hardly be blamed for raising an im
Both the COVID-19 crisis and the climate crisis highlight the limits of humanity’s power over nature. But while both remind us that the Anthropocene e
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This episode of The Sound of Economics Live will discuss European coordination, national responses, and local effects in moving on the the next phase
The extraordinary operations that are under way in most countries in response to the COVID-19 shock have raised fears that large-scale monetisation wi
Because even thriving companies can be killed in a matter of weeks by a recession of the magnitude now confronting the world, advanced-economy governm
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If Boris Johnson can negotiate agreements that are better than the EU system, it would be a serious challenge for the 27
The Trump administration’s economic policy is a strange cocktail: one part populist trade protectionism and industrial interventionism; one part class
The EU has already invested so much of its political capital into the green transition that a failure to deliver would severely damage its legitimacy.
Political identity is a group stereotype. As no camp corresponds exactly to our expectations, we choose the one to which we are closest and which is a
The EU should invest where it can deliver more value than member states acting alone.
The Asia Europe Economic Forum (AEEF) was established in 2006 as a high level forum for in-depth research-based exchanges on global issues between Asi
This report was prepared for the French and German Ministers of Finance.
Projetée dans un monde de rapport de force dont les principaux protagonistes ne séparent pas géopolitique et économie, l’UE va devoir conduire un chan
Thomas Piketty’s Capital in the Twenty-First Century blended history, statistics, and theory. Capital and Ideology his new magnum opus, is long enough
Despite confident official pronouncements, the deteriorating state of the global economy is now high on the international policy agenda. The OECD rece
Josep Borrell, the incoming High Representative and Vice-President-designate must explain how von der Leyen’s ‘geopolitical Commission’ intends to ada
This blog is part of a series following the 2019 Bruegel annual meetings, which brought together nearly 1,000 participants for two days of policy deba
International collective action is in search of a new paradigm. It cannot rely anymore on global binding rules supported by universal institutions. Ne
Bruegel's 2019 Annual Meetings will be held on 4-5 September and feature the launch of Bruegel's Memos to the New European Commission.
The 2019 Annual Meetings featured the launch of Bruegel's memos to the new European Leadership, proposing how to deal with future policy challenges
L’économiste regrette, dans sa chronique au "Monde", que les tensions internes au gouvernement aient conduit à s’écarter de la stricte logique d’un sy
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An empirical assessment of concentration in global collective action
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This year's Asia-Europe Economic Forum (AEEF) will be held in Brussels on 17-18 October
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The 2018 Annual Meetings will be held on 3-4 September and will feature sessions on European and global economic governance, as well as finance, ener
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The vital task confronting Europe is to reconcile citizens’ right to make radical choices with the need to ensure that decisions leading to constituti
We are pleased to host the presentation of Paul Tucker's latest book.
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This publication proposes six reforms to improve the Eurozone’s financial stability, political cohesion, and potential for delivering prosperity.
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The second event in the Financial Times - Bruegel Forum series will look at how the results of the French elections will affect Europe.
The Annual Meetings are a high point in Bruegel's calendar.
The Annual Meetings are a high point in Bruegel's calendar.
This paper leaves aside the issue of EU reform and focuses on the desirable EU-UK relationship after Brexit. The authors argue that none of the existi
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Bruegel was born out of an unusual openness to new ideas and an extraordinary coincidence of minds in the French and German Treasuries. The story of i
Bruegel's Annual Conference is a closed-door event with three panel discussions on banks and capital markets, growth perspectives, and monetary policy
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Paper based on the Asia Europe Economic Forum conference of 21-22 January 2013.
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Articles published during the Bruegel/Korea Institute of Finance project on ‘EU-Korea policy responses to the global financial and economic crisis and
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Une bonne intrigue combine classiquement le froid calcul des acteurs rationnels, la dose de cafouillage nécessaire au réalisme, et ce qu’il faut d’émo
The latest European Commission outlook forecasts 2014 unemployment rates above 25 per cent in Greece and Spain, in the vicinity of 15 per cent in Irel
When he presents the forecasts on Friday, should Olli Rehn, the commission’s vice-president, coerce governments in France and other countries int
Avec un David Cameron acharné à préserver son rabais et à dégraisser la bureaucratie bruxelloise et un François Hollande soucieux de sauvegarder
Les dirigeants français, François Hollande en tête, s’alarment de la remontée de l’euro. Leurs homologues allemands rétorquent qu’il n’est pas suréval
At the last European Council summit of 2012, politicians decided to go ahead with the banking union while ending their reflections on fiscal union the
'I have not been an enthusiastic supporter of every French, German, or Franco-German initiative, but I must say that this one was worth supporting.'
European leaders have started a discussion on German-inspired “contracts for competitiveness and growth”. To implement structural reforms in eurozone
According to a famous (yet apocryphal) joke by Henry Kissinger, there is no telephone number to call to speak to Europe. Indeed the fragmentation of E
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This Policy Contribution is based on a briefing paper for the European Parliament Economic and Monetary Affairs Committee’s Monetary Dialogue: Europe
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Faut-il un budget pour la zone euro ? Enfouie depuis plus de vingt ans, la question a ressurgi ces derniers mois. Visiblement, beaucoup de ceux q
Last week summit of heads as well as finance ministers marks an important step in completing the eurozone architecture. At the same time, the summit’s
Is it time for fiscal consolidation or stimulus? Should governments cut or increase spending? Once again the issue is a matter of dispute among poli
Un seul suffirait au malheur du gouvernement. Mais sur la compétitivité, trois débats s’enchevêtrent : ils portent sur l’urgence d’une réponse&nb
The response to the euro zone crisis, which has gradually developed since 2010, has not led to a search for federalism and it has hardly taken the com
Extensive prior research on the economics of European monetary union highlighted some potential risks (the known unknowns) but overlooked others (the
Like in other countries, the French Constitutional Council was asked to decide on the compatibility of the European fiscal treaty with the Constitutio
For the third time in three years the Europeans’ stance on Greece is economically inconsistent. One camp considers the country should leave the eurozo
Systemic banking crises are a threat to all countries whatever their development level. They can entail major fiscal costs that can undermine the sus
August was quieter than feared on the European bond markets. While resting on Europe’s celebrated beaches and mountains, policymakers could therefore
Les grammairiens s’étonneront peut-être de la lecture que le Conseil constitutionnel vient de faire du traité budgétaire européen. Certains de nos par
The euro area today consists of a competitive, moderately leveraged North and an uncompetitive, over-indebted South. Its main macroeconomic challenge
The debate on Eurobonds is at risk of missing the forest for the trees. Discussions about their various colours and shapes, their incentive properti
The two most important questions for the future of Europe are, first, what the euro area must do to rescue itself and, second, whether it has a stra
ie Staats- und Regierungschefs der EU treffen sich Ende Juni wieder in Brüssel. Diesmal müssen sie nicht nur die Frage beantworten, ob sie dieses od
To stop the doom spiral that threatens the eurozone, European leaders must now repair the serious flaws in the design of monetary union that have be
This policy contribution discusses in detail how a future banking union could be organised by examining seven fundamental choices that decision makers
Macroeconomic coordination, the hallmark of the first few G20 summits, went through three successive phases. The first phase, from Washington to Pit
This Policy Contribution is based on a briefing paper prepared for the European Parliament Economic and Monetary Affairs Committee’s Monetary Dialogue
Many analysts and observers have put forward that the euro crisis is a balance-of-payments crisis at least as much as a fiscal crisis. The issue has g
The euro crisis and subsequent policy responses have challenged the assumptions underpinning the euro-area's governance, and the relationship bet
There is a view that the euro crisis is a balance-of-payments crisis at least as much as a fiscal crisis.The balance-of-payments discussion lacks clar
“Jetzt auf einmal wird in Europa Deutsch gesprochen” (“Tout d’un coup, on s’est mis à parler allemand en Europe”). En s’enorgueillissant ainsi, fin
The G20 has produced mixed results. After initial high hopes and some success, negotiations within the G20 forum have slowed, progress is less visibl
The December large-scale provision of liquidity to banks by the ECB contributed to reducing spreads on Southern European sovereign bonds, but did it c
The European Union is committed to strengthening its partnership with China, as demonstrated by the fourteenth EU-China summit, to take place in Bei
The search for solutions to the euro crisis is based on a partial diagnosis that overemphasises the lack of enforcement of existing fiscal rules. Euro
Ahead of the G-20 summit in Cannes of 3-4 November, this policy contribution by Jean Pisani-Ferry and Ignazio Angeloni outline a set of priorities t
This report evaluates International Monetary Fund surveillance of the euro area in the years before the financial crisis and during 2008-10.
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This document was requested by the European Parliament’s Committee on Economic and Monetary Affairs.