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
What’s threatening financial stability?
Dutch Central Bank chief Olaf Sleijpen and Jeromin Zettelmeyer on risks, rates and responses
State of the Union live
What are Europe’s priorities and how did Ursula Von der Leyen make the EU case?
Europe’s challenges: what is new?
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
All work
Podcast
24 September 2026
What’s threatening financial stability?
Dutch Central Bank chief Olaf Sleijpen and Jeromin Zettelmeyer on risks, rates and responses
Event
06 October 2026
Artificial intelligence, jobs and growth in developing economies
A discussion of the World Bank Group’s World Development Report 2026 "The Promise of Artificial Intelligence"
Podcast
17 September 2026
State of the Union live
What are Europe’s priorities and how did Ursula Von der Leyen make the EU case?
Newsletter
31 August 2026
Event
08 October 2026
Winning trade wars or securing trade peace?
Can rules-based trade survive an era of geopolitical rivalry?
Event
17 September 2026
The Sound of Economics Live: The State of the European Union 2026
A special live episode of The Sound of Economics podcast on the State of the Union speech
Event
30 September 2026
Ragnar Nurkse, Bretton Woods and the international economic order
Launch of the Bruegel-published book "Ragnar Nurkse and the Making of the Bretton Woods Paradigm"
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?