# Publications

Is the COVID-19 crisis an opportunity to boost the euro as a global currency?

• The euro became an international currency when it was created two decades ago. However, the euro’s internationalisation peaked as early as 2005 and it was never comparable to the US dollar. Its international status dec...

10th June 2020 by Grégory Claeys, Guntram Wolff 409 views

# Publications

EU-China trade and investment relations in challenging times

This report written for the European Parliament can be found here. ...

4th June 2020 by ALICIA GARCÍA-HERRERO, GUNTRAM B. WOLFF, JIANWEI XU, NICLAS POITIERS, GABRIEL FELBERMAYR, WAN-HSIN LIU AND ALEXANDER SANDKAMP 315 views

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# Publications

Rebooting Europe: a framework for a post COVID-19 economic recovery

COVID-19 has triggered a severe recession and policymakers in European Union countries are providing generous, largely indiscriminate, support to companies. As the recession gets deeper, a more comprehensive strategy is ...

15th May 2020 by Julia Anderson, Simone Tagliapietra, Guntram B. Wolff 190 views

# Publications

How has the macroeconomic imbalances procedure worked in practice to improve the resilience of the euro area?

This paper shows how the Macroeconomic Imbalances Procedure (MIP) could be streamlined and its underlying conceptual framework clarified. Implementation of the country-specific recommendations is low; their internal cons...

24th March 2020 by Agnes Bénassy-Quéré, Guntram Wolff 300 views

# Publications

An effective economic response to the Coronavirus in Europe

The COVID-19 pandemic represents a major shock to the global and European economy. Most European countries need to take bold quarantine and lock-down measures, as has been done in Italy, to prevent an explosion of the ep...

12th March 2020 by MARIA DEMERTZIS, ANDRÉ SAPIR, SIMONE TAGLIAPIETRA AND GUNTRAM B. WOLFF 283 views

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# Publications

From climate change to cyber-attacks: incipient financial-stability risks for the euro area

The European Central Bank’s November 2019 Financial Stability Review highlighted the risks to growth in an environment of global uncertainty. On the whole, the ECB report is comprehensive and covers the main risks to eur...

7th February 2020 by ZSOLT DARVAS, MARTA DOMÍNGUEZ-JIMÉNEZ AND GUNTRAM B. WOLFF 372 views

# Publications

Hybrid and cybersecurity threats and the European Union’s financial system

This policy contribution (pdf) was written for and presented at the informal meeting of EU finance ministers and central bank governors (Informal ECOFIN) in Helsinki, 13 September 2019. Increasing cyber and hybrid risks...

15th September 2019 by Maria Demertzis, Guntram Wolff 540 views

# Publications

Braver, greener, fairer: Memos to the EU leadership 2019-2024

This collected volume, edited by Maria Demertzis and myself, focuses on the most important economic questions at EU level. The memos covering 16 different files and written by 21 Bruegel scholars, are intended to present...

10th September 2019 by Maria Demertzis, Guntram Wolff (editors) 725 views

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# Publications

Redefining Europe’s economic sovereignty

Our latest policy contribution co-authored by a team of ECFR and Bruegel scholars is here. Executive summary: Europeans like to believe the European Union has the collective economic size and capacity to determine its ow...

25th June 2019 by Mark Leonard, Jean Pisani-Ferry, Elina Ribakova, Jeremy Shapiro, Guntram Wolff 743 views

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# Publications

A strategic agenda for the new EU leadership

Memo to the presidents of the European Commission, Council and Parliament. The next presidents of the European Commission, Council and Parliament will inherit a relatively healthy European economy, but will face three fo...

14th June 2019 by Maria Demertzis, André Sapir, Guntram Wolff 826 views