Read article More on this topic
 

Opinion

Scorching summers are becoming the new normal. Can Europe prepare itself?

This opinion was originally published in Le Monde, El Pais and Die Zeit. Summer in Europe has barely started, yet a blistering heatwave has already hit France this June, earlier than ever since the start of official records. Forest fires are raging in Spain, and Northern Italy is experiencing a record drought that is ruining […]

By: Klaas Lenaerts, Simone Tagliapietra and Guntram B. Wolff Topic: Green economy Date: July 12, 2022
Read article Download PDF More by this author
 

Policy Contribution

European governance

Legal options for a green golden rule in the European Union’s fiscal framework

In this Policy Contribution, we compare these two proposals in terms of their treatment under the current EU fiscal rules, and analyse the legal options for their introduction in the EU fiscal framework. We start with a brief review of the rationale for a green golden rule and then discuss legal options.

By: Zsolt Darvas Topic: European governance, Green economy Date: July 12, 2022
Read article More on this topic More by this author
 

Opinion

Ukraine and Taiwan on the Biden-Xi chessboard

Overall, Biden and Xi seem to be converging on their strategies for global dominance

By: Alicia García-Herrero Topic: Global economy and trade Date: July 12, 2022
Read article Download PDF More on this topic
 

Policy Contribution

An analysis of central bank decision-making

An earlier version of this paper was presented at ‘The MPC at 25’, a conference organised by the United Kingdom’s National Institute of Economic and Social Research, in London, 30 March 2022 The process by which central banks take decisions has evolved over the years, with a tendency towards independence and decisions taken by committees […]

By: Maria Demertzis, Catarina Martins and Nicola Viegi Topic: Banking and capital markets Date: July 11, 2022
Read article More on this topic
 

Blog Post

European Union demand reduction needs to cope with Russian gas cuts

Without Russian gas, the European Union would have to reduce demand by approximately 15%, with big differences between different parts of Europe

By: Ben McWilliams and Georg Zachmann Topic: Green economy Date: July 7, 2022
Read article More on this topic More by this author
 

Opinion

Central banks have been too slow in responding to higher inflation

Tackling inflation requires both monetary and fiscal policy tightening. It should be done quickly to avoid building up inflationary inertia and stagflation

By: Marek Dabrowski Topic: Macroeconomic policy Date: July 6, 2022
Read article More on this topic More by this author
 

Blog Post

Mobilising EU investors to narrow the developing-country climate-finance gap

The EU needs to address through blending of public and private funds the lack of private climate finance being channelled to low- and middle-income countries

By: Alexander Lehmann Topic: Banking and capital markets Date: July 6, 2022
Read article More on this topic More by this author
 

Podcast

Podcast

How has the pandemic affected the BRI?

How has the COVID-19 Pandemic reshaped the scope and ambition of China's Belt and Road Initiative?

By: The Sound of Economics Topic: Global economy and trade Date: July 6, 2022
Read article More on this topic
 

Blog Post

How rate increases could impact debt ratios in the euro area’s most-indebted countries

Debt-to-GDP ratios should continue to fall in euro-area countries despite rising interest rates, though after 2023 the situation might vary across countries.

By: Grégory Claeys and Lionel Guetta-Jeanrenaud Topic: Macroeconomic policy Date: July 5, 2022
Read article More on this topic More by this author
 

Opinion

Is MiCA the end of the crypto wild-west?

As the process of digitalisation makes ideas around decentralised finance more relevant, there will be an increasing need for monitoring and supervision.

By: Maria Demertzis Topic: Digital economy and innovation Date: July 5, 2022
Read article More by this author
 

Opinion

European governance

Putin’s War and the German Economic Model

After the fall of communism, Germany went from being the sick man of Europe to being its leading economic power, largely by harnessing the benefits of global supply chains. But now that a new era of deglobalization is dawning, Germany will have to think carefully about how it should manage its dependence on international trade.

By: Dalia Marin Topic: European governance, Macroeconomic policy Date: July 4, 2022
Read article More by this author
 

Podcast

Podcast

A decade of economic policy

Guntram Wolff looks back at the past decade of Bruegel contribution to economic policy in Europe.

By: The Sound of Economics Topic: Banking and capital markets, Digital economy and innovation, European governance, Global economy and trade, Green economy, Inclusive growth, Macroeconomic policy Date: June 30, 2022