Marie-Sophie Lappe
Former Research Analyst, Bruegel
Marie-Sophie was a Research Analyst at Bruegel. She specialises in macroeconomic and capital market policy.
Her research examines the role of pension funds in the economy, focusing on their role in unlocking household savings. She has also contributed to research on the European Union budget. More generally, she is interested in the interplay between financial markets and the macroeconomy.
She speaks German and English.
She holds a master’s degree in Economics and Finance from the University of Tübingen. In her master's thesis, she explored the modelling and estimation of rare disaster risk in Dynamic Stochastic General Equilibrium (DSGE) models. Before joining Bruegel, she worked at the European Central Bank in the International Policy analysis division. She worked on commodity markets, ranging from analysis of geopolitical risks in oil markets to the effects of El Niño on food commodity prices. She also has experience analysing international financial markets, where she was involved in monitoring developments in bond and equity markets.
Featured work
Planning for the rising fiscal costs of climate disasters
Low insurance coverage is turning EU governments into disaster insurers of last resort, strengthening the case for prevention and adaptation finance
Global trade tracker
This dataset monitors goods-trade developments among major economies in the wake of the 2025 US tariff hikes
Russian foreign trade tracker
Tracking Russian trade using data from the EU, China, the US, South Korea, Japan, India, the UK, Turkey, Switzerland, Norway, Brazil and Kazakhstan
Size versus allocation in capital market development: evidence from pension funds and insurance companies
EU capital markets stay small as savings sit in deposits, making insurers and pension funds pivotal if portfolios shift into productive assets
How Compelling is the Case for Common European Debt?
Gas market shocks: tracing the effect on euro area inflation expectations
Debt sustainability in Japan and the case for a fiscal council
Rising rates are testing Japan’s fiscal framework, with debt dynamics hinging on growth and pointing to the need for adjustment and a fiscal council
What will it take to make Japan’s debt sustainable?
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
European and Chinese exports kept growing despite the 2025 Trump trade shock
Diversification has kept global trade strong, despite Trump’s tariffs and accelerated US-China decoupling
Double tax – why women pay it and what to do about it
Fixing gender inequality could reap big gains for the entire economy
What are governments buying?
How does the European Union manage public-sector procurement, and is there room for environmental goals?
European Green Industrial Policy at a Crossroads? A Pilot Set of Conjoint Experiments Among Policy Experts
Advantages and pitfalls of green public procurement as a European strategic tool
Green public procurement supports EU climate goals but may conflict with other objectives, creating trade-offs that challenge its effectiveness
Europe’s savings debate should focus on the bigger picture
Contrary to common belief, savings do not flee Europe for the United States, but the EU could still do more to put its savings to work domestically
Plugging Europe’s investment gap: understanding the potential of leveraging institutional investors
Expanding funded pensions via auto-enrolment could boost long-term investment and saver security, allowing the EU to address its investment gap
CORE concerns: why a turnover-based levy is wrong for the EU budget
A plan to raise EU revenues from companies benefitting from the single market would create risks and distortions, and should be withdrawn
Where do insurance firms and pension funds invest?
Europe needs long-term, patient capital to meet its investment needs. Where is the money going and how can policymakers help?
Bigger, better funded and focused on public goods: how to revamp the European Union budget
European industrial policy at a crossroads? Evidence from an expert survey
A modest experiment shows that a specialised Brussels policy audience broadly agrees with Mario Draghi’s report on EU competitiveness
All work
Policy Brief
16 June 2026
Planning for the rising fiscal costs of climate disasters
Low insurance coverage is turning EU governments into disaster insurers of last resort, strengthening the case for prevention and adaptation finance
Dataset
16 June 2026
Global trade tracker
This dataset monitors goods-trade developments among major economies in the wake of the 2025 US tariff hikes
Dataset
12 June 2026
Russian foreign trade tracker
Tracking Russian trade using data from the EU, China, the US, South Korea, Japan, India, the UK, Turkey, Switzerland, Norway, Brazil and Kazakhstan
Working paper
02 June 2026
Size versus allocation in capital market development: evidence from pension funds and insurance companies
EU capital markets stay small as savings sit in deposits, making insurers and pension funds pivotal if portfolios shift into productive assets
Event
23 June 2026
National pension reforms: what has worked and what hasn’t?
How to design transformational national reforms?
External publication
13 May 2026
External publication
07 May 2026
Working paper
09 April 2026
Debt sustainability in Japan and the case for a fiscal council
Rising rates are testing Japan’s fiscal framework, with debt dynamics hinging on growth and pointing to the need for adjustment and a fiscal council
Newsletter
07 April 2026
Policy Brief
26 March 2026
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