Jeromin Zettelmeyer
Jeromin Zettelmeyer has been Director of Bruegel since September 2022.
A macroeconomist and international economist by training, most of his past work has focused on sovereign debt, international financial crises and economic growth. More recently, he has written on the European governance issues, including fiscal governance and rearmament, the return of economic nationalism in advanced and emerging market countries, EU economic security and the nexus between climate, trade and industrial policy.
He speaks English, Spanish and German.
He is a Research Fellow and member of the Policy and Research Networks on European Economic Architecture and International Lending and Sovereign Debt at the Centre for Economic Policy Research (CEPR) and a member of the Economic Advisory Group of the International Monetary Fund (IMF). Previously, he was Deputy Director of the Strategy and Policy Review Department of the IMF, a Senior Fellow at the Peterson Institute for International Economics, Director-General for Economic Policy at the German Federal Ministry for Economic Affairs and Energy, and Deputy Chief Economist and Director of Research for the European Bank for Reconstruction and Development (EBRD). He holds a PhD in Economics from MIT.
Disclosure of interests
Featured work
A sober look at the case for common European Union debt
More EU debt will not lower public borrowing costs or deepen markets without fiscal-union features, permanent issuance and credible fiscal backstops
Building the best safe asset
Why would the euro area need common debt and will new proposals help?
Funktionieren die neuen europäischen Haushaltsregeln besser als die alten?
Europe’s economic outlook: managing short-term shocks is no longer enough
How can the EU prevent the dollarisation of digital finance?
A new strategy to contain stablecoin risks in the European Union
EU reluctance on stablecoins may backfire as US-backed dollar tokens spread, pushing demand offshore and importing dollar risks into Europe
The European project
Valdis Dombrovskis, Jeromin Zettelmeyer and Anne Bucher talk Ukraine, political will and Europe’s quest for better regulation
How Compelling is the Case for Common European Debt?
European Defence Markets: Overcoming National Preference and External Dependence
The European Union’s external imbalances: past, future and policy
Europe’s rising external surplus now rivals China’s, reflecting weak investment and growing surpluses, pointing to a need for pro-investment reforms
The new global imbalances: why care, why now and what should be done?
This essay analyses the causes of, and remedies for, external imbalances, and what countries should do if they do not decline
Why are global imbalances rising, and why does it matter?
Is the dollar at risk? Is China the new Germany? How to manage rising external deficits and surpluses
National plans, regional voices: cohesion policy in the next European Union budget
NRPPs could raise the EU added value of the 2028–34 budget, but reform conditions and decision-making must better reflect regional needs
Inflation, Iran and the Industrial Accelerator Act
Klaas Knot and Jeromin Zettelmeyer tackle the key issues facing Europe
Can advanced economies avoid debt distress?
What turned 2025 into a year of better averages and bigger challenges?
Europe’s 2025 identity crisis: the year in review
The European Union’s quest for innovation, competitiveness, self defence and economic security
Economic principles for European rearmament
Rethinking the governance and funding of European rearmament
What will it take to stabilise public debt in advanced countries?
All work
Podcast
15 July 2026
Building the best safe asset
Why would the euro area need common debt and will new proposals help?
Working paper
15 July 2026
A sober look at the case for common European Union debt
More EU debt will not lower public borrowing costs or deepen markets without fiscal-union features, permanent issuance and credible fiscal backstops
Event
14 July 2026
European and Spanish foreign policy: a conversation with José Manuel Albares Bueno
What will be the main challenges in European and Spanish foreign policy?
Opinion piece
01 July 2026
Event
14 July 2026
Euro area amidst financial stability risks
How can the EU handle the euro zone's biggest macro-financial risks?
Opinion piece
09 June 2026
Newsletter
26 May 2026
Policy Brief
20 May 2026
A new strategy to contain stablecoin risks in the European Union
EU reluctance on stablecoins may backfire as US-backed dollar tokens spread, pushing demand offshore and importing dollar risks into Europe
Event
20 May 2026
China-EU economic relations and preserving stability amid geopolitical shocks
Closed-door roundtable discussion, jointly organised with the China Finance 40 Forum
Podcast
13 May 2026
The European project
Valdis Dombrovskis, Jeromin Zettelmeyer and Anne Bucher talk Ukraine, political will and Europe’s quest for better regulation