At this event Marco Buti talks to Bruegel's Director Guntram Wolff about his new book, in which he gives an insiders look at European policy making.
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.
In-depth analysis prepared for the European Parliament's Committee on Economic and Monetary Affairs (ECON).
This paper explores the potential effects (and side effects) of negative rates in theory and examines the evidence to determine what these effects have been in practice in the euro area.
In this blog, the authors argue that two aspects of the European resolution framework are particularly in need of reform – the bail-in regime and the resolution mechanism for cross-border banks – and propose a reform of both.
What are the main lessons of ECB interventions in specific sovereign debt markets?
Join us for the launch of the eighth edition of the 'Euro Yearbook'
Measures in major economies have protected companies from COVID-19 related insolvency, but have also protected weak firms. Nevertheless, support should remain as long as necessary, while cumbersome insolvency processes should be reformed for the long term.
If not handled correctly, the European Union’s transition to take on a new role as an issuer of public debt risks crowding out existing markets. Managing that transition correctly is almost as big a challenge as spending the money itself.
In revived discussions on European banking union, some have suggested a new regime to deal with failing banks, alongside existing ones, drawn from parts of the United States’ bank resolution framework. This fragmented approach could be counterproductive. Europe should adopt a unitary regime, like the US, that applies to all banks irrespective of size.
Invitation only event to discuss the banking union.