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.
Disclaimer of external interests
Launch of the OECD Going for Growth flagship publication
ECON Committee of the European Parliament, 20-09-2023
This paper focuses on the fiscal adjustment that the first regulation would require of countries with debt above the treaty benchmarks.
The EU anti-subsidy investigation into EVs from China is a reminder of the need for a new EU green industrial policy strategy.
A symphony in progress: shaping a new agenda for Europe
Invitation-only event featuring Stephen D. King, who touched upon the implications of inflation.
This paper examines the economic case for debt-for-climate swaps: partial debt relief in return for climate investment/policies by the debtor country
The proposal for a Net Zero Industry Act still needs work before it can realize its objectives, according to a new paper by Bruegel.
Event in the frame of the project China Horizons - Dealing with a resurgent China (DWARC)*.
How can transatlantic cooperation overcome climate action challenges and foster effective collaboration for innovative solutions?
Can international support and economic reforms secure Ukraine's post-war stability?
As the European elections approach, the main policy choices are more existential than perhaps ever before.
Closed-door event discussed the importance of rapid aging for the future of the Chinese economy and dwelling on China’s major innovation trends
How do we make the design of the foreign aid more accommodative for Ukraine’s future growth and resilience?
Since 2020, the European Union has suffered two large shocks, which have created new fiscal challenges for the EU.
Germany has valid concerns about Commission’s plan for reforming the fiscal rules. But there are better ways to address them.
The rules and guidance underpinning EU economic recovery funds seek inputs and outputs, not results; this has led to uneven use of results indicators
Invitation-only event with Pascal Saint-Amans who talked about the international tax framework, its state of play and perspectives.
Are We Heading for Another Debt Crisis in Low-Income Countries? Debt Vulnerabilities: Today vs the pre-HIPC Era
There are concerns that 25 years after the launch of the HIPC debt relief initiative, many low-income countries are facing high debt vulnerabilities.
The event was organised in collaboration with NatureFinance to discuss the correlation between sovereign debt markets and sustainability.
Invitation-only event featuring Alissa M. Kleinnijenhuis, who will talk about the economic potential of the green transition.
From past to present crises - what has the EU learned? What does it still need to learn?
At this event in Rome, the panellists discussed if the EU could use the various crises it is facing to fortify the Union and its industrial policy?
How the EU might respond to clean tech subsidies, in the form of a leaked draft law entitled the Net Zero Industry Act (NZIA), is deeply worrisome.
Invitation-only event featuring Daria Zakharova, who will touch on geoeconomic fragmentation and the future of multilateralism.
This policy brief explains what is in the IRA, the impact on the EU and other economies, and how the EU should react.
Invitation-only event featuring Michael Froman, who will touch on subjects such as the IRA and the evolution of digital regulation.
Invitation-only roundtable to discuss the EU public sector green bond market
How can we build a sustainable system of international cooperation that allows for nations to work together despite their differences?
The EU needs a grand bargain that reduces demand, increases supply, and keeps energy markets open.
The European Commission’s proposal for reforming the EU fiscal rules is far-reaching, but its shortcomings need to be addressed.
How should the EU build resilience against external shocks?
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.
How should EU fiscal rules be reformed to better address current economic realities?
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.
What is the scope for transatlantic cooperation on CBAM legislation, Climate Clubs, and 'green' subsidies?
In this episode, we look at the State of the Union address delivered by Ursula von der Leyen, President of the European Commission.
The Annual Meetings are Bruegel's flagship event which gathers high-level speakers to discuss the economic topics that affect Europe and the world.
This paper compares debt-for-climate swaps to alternative fiscal support instruments.
This article surveys the literature on sovereign debt sustainability from its origins in the mid-1980s to the present, focusing on four debates.
It is an illusion to think that EU fiscal rules can be simple.
This publication proposes six reforms to improve the Eurozone’s financial stability, political cohesion, and potential for delivering prosperity.
The conference in Berlin addressed two topics at the forefront of policy debates in Germany and Europe: stable growth and the energy transition.