Former scholars

Jürgen von Hagen

Non Resident Fellow

Expertise: Macroeconomics of European integration and the euro area and European public finance CV: Download CV

Jürgen von Hagen, a German citizen, was Bruegel'‘s first Non-resident Senior Fellow. His widely acclaimed work on European integration addresses public finance and political economy issues.

Jürgen is the Director of the Center for European Integration Studies in Bonn, a Research Fellow of the CEPR and a member of the Academic Advisory Council to the German Federal Minister of Economics and Labor.

He has previously taught at Indiana University (1987-92) and the University of Mannheim (1992-96). His current interests include macroeconomics of European integration and the euro area and European public finance.

Contact information

[email protected]

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Blueprint

A European mechanism for sovereign debt crisis resolution: a proposal

This Bruegel Blueprint argues that Europe should take the lead in defining a solution to the problem of excessive public debts and create a European Crisis Resolution Mechanism (ECRM).The authors, Francois Gianviti, Anne O. Krueger, Jean Pisani-Ferry, André Sapir and Jürgen von Hagen, present the rationale for such a mechanism in the euro area and […]

By: Jürgen von Hagen, Jean Pisani-Ferry, André Sapir, Francois Gianviti and Anne Krueger Topic: Macroeconomic policy Date: November 9, 2010
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Policy Contribution

Monetary Policy on the Way Out of the Crisis

Senior Non-Resident Fellow Jürgen von Hagen offers his recommendations for the proper monetary policy to lead the eurozone out of the crisis. He argues that the tentative recovery in the euro area indicates that both monetary and fiscal policy can be normalised soon. However, because delaying fiscal consolidation would result in greater debt burdens whereas […]

By: Jürgen von Hagen Topic: Macroeconomic policy Date: December 17, 2009
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External Publication

Monetary Policy on the Way out of the Crisis

In this paper, commissioned by the European Parliament, Bruegel Visiting Scholar, Juergen von Hagen analyses the European and US monetary strategies during the crisis and points out that at the current moment coordination of monetary and fiscal exit strategies will be essential in order to avoid killing off the recovery before it has acquired full […]

By: Jürgen von Hagen Topic: Global economy and trade Date: December 1, 2009
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Policy Brief

A European Exit Strategy

This Policy Brief was adapted from a paper written by the three authors and presented by Bruegel Director Jean Pisani-Ferry at the informal ECOFIN Council meetings in Gothenburg, Sweden, on 1 Oct. In the brief, the authors argue that bank recapitalisation and restructuring should be a matter of urgency for EU member states and that […]

By: Jürgen von Hagen, Jean Pisani-Ferry and Jakob von Weizsäcker Topic: Macroeconomic policy Date: October 14, 2009
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Policy Contribution

The monetary mechanics of the crisis

In response to the financial and economic crisis, central banks, unlike in the 1930s, have created enormous amounts of money. There are fears that this will lead to inflation, but it is base money (the central bank’s liabilities) that has expanded; total monetary aggregates have not. By contrast, in the 1930s, base money remained stable […]

By: Jürgen von Hagen Topic: Macroeconomic policy Date: August 27, 2009
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Book/Special report

Memos to the new Commission- Europe's economic priorities 2010-2015

These Memos, addressed to the next Commission President and to the new European commissioners, are written by Bruegel Scholars and edited by Senior Research Fellow André Sapir and focus on key economic aspects of EU policy-making. The new Commission will enter office at a challenging time for Europe, the EU and the Commission itself. The […]

By: Zsolt Darvas, Jürgen von Hagen, Reinhilde Veugelers, Nicolas Véron, Bruno van Pottelsberghe, André Sapir, Indhira Santos, Lars-Hendrik Röller, Jean Pisani-Ferry and Jakob von Weizsäcker Topic: Macroeconomic policy Date: August 27, 2009
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Blueprint

Coming of age: report on the euro area

This report surveys the economic performance of the euro area and gives recommendations about six policy challenges of major importance for the future of EMU.

By: Philippe Aghion, Alan Ahearne, Marek Belka, Lars Heikensten, Jean Pisani-Ferry, André Sapir and Jürgen von Hagen Topic: Macroeconomic policy Date: January 14, 2008
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Working Paper

European perspectives on global imbalances

Alan Ahearne and Jürgen von Hagen explore the options European policy makers have in the context of global current account imbalances. Some Europeans are concerned that a disproportionately large burden of adjustment will fall on Europe when the European economy is not flexible enough to cope with a substantial appreciation of the euro. This paper […]

By: Alan Ahearne and Jürgen von Hagen Topic: Global economy and trade Date: August 31, 2006
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Policy Brief

Global current account imbalances: how to manage the risk for Europe

Alan Ahearne and Jürgen von Hagen examine one of the most alarming global economic developments in recent years- the evolution of global current account imbalances and its implications for European policy.

By: Alan Ahearne and Jürgen von Hagen Topic: Global economy and trade Date: December 1, 2005