Jeromin Zettelmeyer has been Director of Bruegel since September 2022. Born in Madrid in 1964, Jeromin was previously a Deputy Director of the Strategy and Policy Review Department of the International Monetary Fund (IMF). Prior to that, he was Dennis Weatherstone Senior Fellow (2019) and Senior Fellow (2016-19) at the Peterson Institute for International Economics, Director-General for Economic Policy at the German Federal Ministry for Economic Affairs and Energy (2014-16); Director of Research and Deputy Chief Economist at the European Bank for Reconstruction and Development (2008-2014), and an IMF staff member, where he worked in the Research, Western Hemisphere, and European II Departments (1994-2008).
Jeromin holds a Ph.D. in economics from MIT (1995) and an economics degree from the University of Bonn (1990). He is a Research Fellow in the International Macroeconomics Programme of the Centre for Economic Policy Research (CEPR), and a member of the CEPR’s Research and Policy Network on European economic architecture, which he helped found. He is also a member of CESIfo. He has published widely on topics including financial crises, sovereign debt, economic growth, transition to market, and Europe’s monetary union. His recent research interests include EMU economic architecture, sovereign debt, debt and climate, and the return of economic nationalism in advanced and emerging market countries.
The European Commission’s proposal for reforming the EU fiscal rules is far-reaching, but its shortcomings need to be addressed.
Europe must move beyond blocking agreement on a coordinated solution and undermining EU unity in the face of Russian aggression.
An EU gas price cap would be counterproductive, but the reasons why it is supported widely must be acknowledged and addressed.
This contribution analyses the deficiencies of the current framework and identifies possible responses, in line with three levels of reform ambition.
EU countries seem to be converging on a set of reform objectives. But can these be jointly satisfied? Two recent proposals offer some hope.
The European Union faces recession, but the way in which policymakers manage the energy crisis will determine its depth and duration.
An EU energy fund is justified, but for different reasons than commonly assumed, with implications for the fund’s design.
Geneva Reports on the World Economy
The €200 billion “defence shield” risks undermining European solidarity. This could be avoided by designing it well.
Action to intervene in the gas and electricity wholesale markets is also being taken at European Union level, which is what we analyse in this paper.