An overview of economic policy and beyond in 2021.
Discussions on the fiscal framework should aim to correct its procyclical nature with a view to promoting more cooperative outcomes.
How has globalisation and connectivity caused fragmentation and conflict on a global scale?
Financing post-pandemic recovery via EU borrowing has proved remarkably straightforward. So why keep it temporary?
At this event Marco Buti talks to Maria Demertzis, André Sapir and Guntram Wolff about his new book, in which he gives an insiders look at European policy making.
How did Europe respond to the pandemic?
Study for the German Federal Foreign Office produced by Bruegel, the Kiel Institute for the World Economy and DIW Berlin.
Testimony before the Economic Affairs Committee of the French Senate.
The Next Generation EU programme is radically changing the way the EU finances itself and interacts with financial markets. This paper assesses the first design decisions made by the European Commission and the issuances that have taken place so far. It also outlines the potential risks and opportunities linked to this upgrading of the EU borrowing.
How can European countries phase out the COVID-19 support measures without having a negative impact on productivity and financial stability?
While support schemes during the pandemic were not targeted at protecting ‘good’ firms, financial support mostly went to those with the capacity to survive and succeed. Labour schemes have been effective in protecting employment.
By and large, setting a new green golden rule would be a useful addition to the existing EU fiscal framework.