Scholars

Mark Hallerberg

Non-Resident Fellow

Expertise: Fiscal governance, tax competition and exchange rate choice Twitter: @mhallerberg

Mark Hallerberg has been a Non-Resident Fellow at Bruegel since September 2013. He is a Professor of Public Management and Political Economy at the Hertie School of Governance and is Director of Hertie's Fiscal Governance Centre.

He is the author of one book, co-author of a second, and co-editor of a third. He has published over twenty-five articles and book chapters on fiscal governance, tax competition and exchange rate choice.

He has previously held professorships at Emory University, the University of Pittsburgh, and the Georgia Institute of Technology. He has done consulting work for the Dutch and German Ministries of Finance, Ernst and Young Poland, the European Central Bank, the German Development Corporation (GIZ), the Inter-American Development Bank, International Monetary Fund, and the World Bank.

Declaration of interests 2015

Contact information

[email protected]

Read article More on this topic
 

Blog Post

Pandemic leadership: beware of anecdotes

Leaders with science training have not outperformed other leaders in terms of their countries’ coronavirus responses - nor have women or populists. 

By: Mark Hallerberg and Joachim Wehner Topic: Global economy and trade Date: May 11, 2021
Read article More on this topic
 

Blog Post

Coronavirus and the politics of a common fiscal instrument

Coronavirus means many European Union countries will soon face major increases in their sovereign debt burdens, exacerbated by the sudden collapse of economic activity. What should the European Union do to address these debt problems?

By: Mark Hallerberg, Stavros Zenios and Bruegel Topic: Macroeconomic policy Date: March 25, 2020
Read article Download PDF More on this topic
 

Policy Contribution

How not to create zombie banks: lessons for Italy from Japan

How can Italian banks address the issue of non-perfoming loans? What lessons can they learn from Japan?

By: Christopher Gandrud, Mark Hallerberg and Bruegel Topic: Banking and capital markets Date: March 8, 2017
Read article More on this topic
 

Blog Post

Border adjustment tax could help Europe find common voice on Trump

The Trump administration seems more than willing to break with liberal orthodoxy on trade. Could this lead them to introduce a "destination tax", essentially penalising imports? If the USA moves ahead with this idea, Mark Hallerberg argues that the EU should seriously consider doing the same. Not only would it balance out some of the trade effects of the US move, it might also have positive political implications for Europe.

By: Mark Hallerberg and Bruegel Topic: Global economy and trade Date: February 1, 2017
Read article More on this topic
 

Blog Post

The European Union remains a laggard on banking supervisory transparency

Financial supervisors must provide the public with more information about the European banking sector in order to ensure financial stability. The level of transparency in national supervision of banks has dropped since 2013.

By: Christopher Gandrud, Mark Hallerberg, Nicolas Véron and Bruegel Topic: Banking and capital markets Date: May 10, 2016
Read article More on this topic
 

Blog Post

Opaque Europe: financial supervisory transparency, why it’s important, and how to improve it

“Financial supervisory transparency” has been on the agenda of international financial institutions for some time. It concerns the public availability of data supervisors have on the financial industry. Using a new measure of data reporting to international financial institutions like the IMF and World Bank, we show that financial supervisory transparency is particularly lacking in Europe. We make recommendations for EU institutions to improve it.

By: Mark Copelovitch, Christopher Gandrud and Mark Hallerberg Topic: Banking and capital markets Date: December 11, 2015
Read article Download PDF More on this topic
 

Policy Contribution

Financial regulatory transparency: new data and implications for EU policy

This paper introduces a new international financial regulatory data transparency index - the Financial Regulatory Transparency (FRT) Index - in order to address the exisiting gap in measuring regulatory transparency.

By: Mark Copelovitch, Christopher Gandrud, Mark Hallerberg and Bruegel Topic: Banking and capital markets Date: December 10, 2015
Read article
 

Blog Post

Not SIFIs but PIFIs

The EU bank resolution framework deals in principle with risks from SIFIs, or systemically important financial institutions, but might have overlooked PIFIs - politically important financial institutions.

By: Christopher Gandrud and Mark Hallerberg Topic: Banking and capital markets, Macroeconomic policy Date: March 6, 2015
Read article Download PDF More on this topic
 

Working Paper

Bad banks in the EU: the impact of Eurostat rules

 At least 12 European Union member states used publicly created asset management companies (AMCs), otherwise known as a ‘badbanks’ to respond to the recent financial crisis. This tool remains an option for future bank resolutions under the EU Bank Recovery andResolution Directive. This working paper assesses the design of AMCs in the recent crisis and why their form has changed.

By: Christopher Gandrud and Mark Hallerberg Topic: Macroeconomic policy Date: December 16, 2014
Read article Download PDF
 

Policy Contribution

European Parliament

European Central Bank accountability: how the monetary dialogue could be improved

This Policy Brief was prepared for the European Parliament's Monetary Dialogue with the President of the European Central Bank Mario Draghi. The authors assess the impact of the Monetary Dialogue. They describe the ECB’s accountability practices, compare them to those of other major central banks and provide an assessment of the dialogue in the last five years.

By: Grégory Claeys, Mark Hallerberg and Olga Tschekassin Topic: European Parliament, Macroeconomic policy Date: March 3, 2014
Read article Download PDF
 

Policy Contribution

Supervisory transparency in the European banking union

Current and planned European Union requirements on bank transparency are either insufficient or could be easily sidestepped by supervisors. A banking union in Europe needs to include requirements for greater supervisory transparency.

By: Christopher Gandrud and Mark Hallerberg Topic: Banking and capital markets, Macroeconomic policy Date: January 3, 2014
Read article Download PDF More on this topic
 

Policy Contribution

Who decides? Resolving failed banks in a European framework

When public support is provided to failed institutions it should come from a bankfunded resolution fund. This would reduce taxpayers’ direct costs, and would make banks less likely to take risks and advocate for bailouts

By: Christopher Gandrud and Mark Hallerberg Topic: Macroeconomic policy Date: November 29, 2013
Load more posts