Jean Pisani-Ferry holds the Tommaso Padoa Schioppa chair of the European University Institute. He 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
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.
The Ukraine war will have significant economic policy consequences for the European Union and its members, arising from the adverse supply shock trigg
This Blueprint includes some of the Group’s most prominent voices on the different aspects of the multidimensional issue of green recovery.
The emergence of the Omicron variant in November 2021 was a stark reminder of the high overall cost of the persistence globally of extremely unequal a
The euro’s advocates hoped that the single currency would deliver economic and financial integration, policy convergence, political amalgamation, and
Although economics and geopolitics have never been completely separate domains, international economic relations were shaped for 70 years by their own
This essay addresses an old question that international relations scholars view as fundamental, but which economists regard as secondary: that of asym
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.
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Ce qui est malsain, avec la proposition d’annuler la dette, c’est le déni de réalité consistant à affirmer que l’Etat peut effacer une partie de ses e
How to make the European Green Deal succeed.
The Green Deal will redefine Europe’s global policy priorities; as such, it is a foreign policy development with profound geopolitical consequences
The appearance of new strains of the coronavirus in the United Kingdom, South Africa, and Brazil has given the world no choice but to design and imple
Pour surmonter le choc de la pandémie de Covid-19, l’économiste écarte, dans sa chronique, l’idée d’un repli protectionniste, mais suggère de passer d
COVID-19 almost one year on, it is time to assess who passed the test, and who failed.
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
There is a growing possibility that the COVID-19 crisis will mark the end of the growth model born four decades ago with the Reagan-Thatcher revolutio
Most governments have taken measures to protect vulnerable workers and firms from the worst effects of the sudden drop in activity related to COVID-19
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
The EU should be modest, but not shy. As far as public health is concerned, it is not in the driving seat and there is no reason to pretend it should
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
It can be tempting to treat European budgetary discussions as a fairly inconsequential distributional game. But with the EU's role increasingly focuse
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.
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
In time, the current spat between French President Emmanuel Macron and his Brazilian counterpart Jair Bolsonaro regarding the Amazon rainforest may be
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
An empirical assessment of concentration in global collective action
The new leaders of the European Union, who have relentlessly championed open markets, will, ironically, likely trigger a conflict between climate pres
Memo to the High Representative of the Union for Foreign Affairs and Security Policy. The authors describe the current context and the increasing inte
In the last 50 years, the most important economic development has been the diminishing income gap between the richer and poorer countries. Now, there
Jean Pisani-Ferry, soutient qu’il ne faut pas s’interdire de financer une partie du coût de la transition écologique par l’endettement.
This Policy Contribution delves into the position of the EU in the current global order. China and the United States increasingly trying to gain geopo
The recent European Parliament election suggests that a growing share of European voters sees things differently from national governments. Whereas ci
Jean Pisani-Ferry constate que tous les grands partis ne remettent plus en cause l’euro. Il souligne néanmoins que trois vulnérabilités – économique,
“When facts change, I change my mind,” John Maynard Keynes famously said. With long-term interest rates currently near zero, the European Union should
For decades, Europe has served as a steward of the post-war liberal order, ensuring that economic rules are enforced and that national ambitions are s
The transition to a carbon-neutral economy is bound to make us worse off before it makes us better off, and the most vulnerable segments of society wi
Britain and the EU must try to preserve the longstanding economic, political, and security links and, despite the last 31 months spent arguing over Br
Who are the Yellow Vests? What are the true roots of their uprising? And what do they want? Six weeks after they started rocking French politics and a
Global growth is expected to continue in 2019 and 2020, albeit at a slower pace. Forecasters are notoriously bad, however, at spotting macroeconomic t
Les analyses de la fronde des gilets jaunes ont surtout mis l’accent sur la répartition des revenus et des prélèvements entre catégories sociales et s
A year ago, a group of 14 French and German economists joined forces with the aim of forging common proposals for euro area reforms. Their report gave
In this column, Jean Pisani-Ferry portrays the current international economic and geopolitical order as increasingly reminiscent of chess. Three key p
The pervasive gridlock affecting the traditional global governance approach calls into question the idea of broadening its scope beyond its core remit
In this column, Jean Pisani-Ferry argues how the EU can become a more effective global player, following the Policy Brief "One size does not fit all:
The need for reform of the EU is increasingly urgent. The authors of this policy brief suggest a new governance model, combining a bare-bones EU with
Since Donald Trump took office as US president, a new cottage industry in rational theories of his seemingly irrational behavior has developed. On one
The UK government finally tabled a serious proposal for the country’s future relationship with the European Union (EU). The White Paper puts the ball
L'administration Trump veut imposer une approche transactionnelle des relations économiques gouvernée par le rapport de force bilatéral en lieu et pla
Global governance requires rules, because flexibility and goodwill alone cannot tackle the hardest shared problems. With multilateralism under attack,
Les peuples ont le droit de faire des erreurs: Selon l’économiste Jean Pisani-Ferry, l’Union européenne doit accepter les aspirations légitimes à des
The vital task confronting Europe is to reconcile citizens’ right to make radical choices with the need to ensure that decisions leading to constituti
Dans cette chronique, l'auteur estime qu’une renationalisation graduelle de certaines politiques pourrait utilement contribuer à la nécessaire redéfin
While Italy remains without a new government, it would be foolish to believe that a country where anti-system parties won 55% of the popular vote will
For three decades, the consensus within the European Commission and the European Central Bank on the need for market reforms and sound public finances
On February 23, EU members began negotiations on the bloc's multiannual financial framework for 2021-2027. But, with all countries focusing on net bal
What has fundamentally changed with the Trump administration is not that it behaves more selfishly than its predecessors, but that it seems unconvince
This publication, written by a group of independent French and German economists, proposes six reforms which, if delivered as a package, would improv
In a piece signed by 15 leading French and German economists, Nicolas Véron lays out a path to a more sustainable Euro. Germany will need to accept so
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
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
This study provides an early evaluation of the assistance programmes implemented by the Troika in Greece, Ireland and Portugal. The study assesses the
In early 2010, a group of men (and a few women) in dark suits landed in Athens. They belonged to a global institution, the International Monetary Fund
Paper based on the Asia Europe Economic Forum conference of 21-22 January 2013.
Le débat sur l’austérité budgétaire a repris en Europe. Ce n’est pas étonnant.
Articles published during the Bruegel/Korea Institute of Finance project on ‘EU-Korea policy responses to the global financial and economic crisis and
Financial crises tend to start abruptly and end by surprise. Three years ago, the euro crisis began when Greece became a cause for concern among polic
Europe’s growth performance was disappointing before the financial crisis. It has been dismal since. Five years into the “great recession”, the r
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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