Silvia Merler
Silvia Merler is a Non-resident Fellow at Bruegel. She specialises in international macro and financial economics, central banking, EU institutions and policy making.
Her most recent research covers sustainable finance. She also has expertise on European finance, external imbalances, capital flows and adjustment, euro area banks and the Italian economy.
She speaks English and Italian.
Silvia is also an Adjunct Lecturer at John Hopkins SAIS, a Non-resident Fellow at the Bocconi Institute for European Policymaking and Head of Responsible Investment and Policy Research at Algebris Investments. Previously, she was an Affiliate Fellow at Bruegel and an Economic Analyst in the European Commission’s Directorate-General for Economic and Financial Affairs. She holds a PhD in European and Eurasian Studies from John Hopkins SAIS and a BA and MSc in Economics and Social Sciences from Bocconi University. She also holds certificates in Responsible Investment from the UN PRI Academy and a Certificate in Sustainable Investing from the CFA Institute.
Disclosure of interests
Featured work
Understanding money in the EU
How do citizens keep track of their finances and investments, and how can the European Commission help?
What are the trials ahead for EU sustainable finance and climate insurance?
Sudden stops in the euro area
This Policy Brief is a reissue of a Policy Brief published by Bruegel in March 2012
Can defence investment be sustainable? The European Commission thinks so
European Commission guidance on defence investment and sustainability could ease reputational concerns for investors
More EU debt issuance would be the best response to Trump’s tariffs
The European Union should think strategically and seize the opportunity to fill the void created by Trump
Is sustainable finance dead?
Sustainability rules are not a block on EU defence financing, but reputational fears are
To mobilise private capital for weapons, the European Commission should clarify the status of defence investing in its sustainable finance framework
Streamlining or hollowing out? The implications of the Omnibus package for sustainable finance
EU reporting simplification will result in less information and introduce distortions in the sustainable finance market
How to improve the European Union’s sustainable finance framework
Five adjustments would make the EU sustainable finance framework more effective at delivering the desired alignment of incentives
How should the EU react to the US attack on corporate sustainability?
The European Union should continue to push companies on net-zero alignment, but pragmatic changes can help ease burdens and maintain EU leadership
Memo to the commissioner responsible for financial services
Europe's takeaway from recent banking turmoil
A deep dive into EU regulation of the banking sector and how European banks were affected by the recent bank collapses.
Is the current crisis management framework enough for the age of digital bank runs?
Fast and furious: how digital bank runs challenge the banking-crisis rulebook
The speed of recent bank failures has shown the need for more systemic protection of the financial system.
War in Ukraine: implications for the global financial system and central banks
A special episode of the Sound of Economics Live on the global financial system and central banks in the wake of sanctions imposed on Russia.
How Europe can sustain Russia sanctions
Russia's war in Ukraine has underscored the need for Europe finally to invest more in its own defence and security. Such an outrageous act of aggressi
The microeconomics of Christmas
Review of major contributions to the literature on the controversial topic of the deadweight loss of Christmas.
Les gilets jaunes
For weeks, protesters wearing yellow motorist vests have taken to the streets of Paris to protest against the rising price of fuel. They have since ta
Green central banking
A few weeks ago, Silvia Merler discussed the rise of “ethical investing”. A related question emerging from the discussion is whether central banks sho
Machine learning and economics
Machine learning (ML), together with artificial intelligence (AI), is a hot topic. Economists have been looking into machine learning applications not
All work
Event
15 April 2026
EU sustainable finance: turning ambition into action
THE RECORING OF THE EVENT IS NOW AVAILABLE!
Event
26 February 2026
From savings to sustainability: long-term investors and Europe’s green transition
How can institutional investors drive Europe’s green energy shift?
Podcast
12 November 2025
Understanding money in the EU
How do citizens keep track of their finances and investments, and how can the European Commission help?
Newsletter
06 October 2025
Policy Brief
12 August 2025
Sudden stops in the euro area
This Policy Brief is a reissue of a Policy Brief published by Bruegel in March 2012
Event
30 September 2025
Building a competitive and climate-resilient Europe: the role of finance and insurance
Bruegel’s 20th anniversary event in Madrid, jointly organised with the Ministry of Economy, Trade and Business
First Glance
08 July 2025
Can defence investment be sustainable? The European Commission thinks so
European Commission guidance on defence investment and sustainability could ease reputational concerns for investors
First Glance
11 April 2025
More EU debt issuance would be the best response to Trump’s tariffs
The European Union should think strategically and seize the opportunity to fill the void created by Trump
Newsletter
24 March 2025
Analysis
17 March 2025
Sustainability rules are not a block on EU defence financing, but reputational fears are
To mobilise private capital for weapons, the European Commission should clarify the status of defence investing in its sustainable finance framework