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# Publications

No Industry, no Future?

In a context of weak growth, high unemployment, unbalanced public finances and persistent external deficit,we are witnessing the return of a proactive approach to industrial policy and, even in France the return of direc...

19th June 2014 by Guntram Wolff 2071 views

# Interviews

European Central Bank cut interest rates to lowest level

Most economists had been expecting an interest rate cut, but the bank went even further than that. CCTV’s Sandra Gathmann has the details from Brussels....

6th June 2014 by Guntram Wolff 2536 views

# Blog

Addressing weak inflation: The ECB’s shopping list

In this blogpost, we summarize our recently published paper, in which we discuss in detail the dilemmas for the ECB and the need to act. Inflation forecasts by the ECB have fallen substantially below the two percent thre...

6th May 2014 by Guntram Wolff 2243 views

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# Publications

Addressing weak inflation: The European Central Bank’s shopping list

There are clear benefits to price stability. High inflation can distort corporate investment decisions and the consumption behaviour of households. Changes to inflation redistribute real wealth and income between differe...

6th May 2014 by Guntram Wolff 4717 views

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# Publications

Japan and the EU in the global economy

Why is Japan a good case study to help Europe overcome the economic and ﬁnancial crisis that started more than ﬁve years ago? What can Japan learn from Europe’s experience? Japan and the EU are both open econ...

9th April 2014 by Guntram Wolff 196411 views

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# Publications

Europe’s social problem and its implications for economic growth

The European Union faces major social problems. More than six million jobs were lost from 2008-13 and poverty has increased. Fiscal consolidation has generally attempted to spare social protection from spending cuts, but...

1st April 2014 by Guntram Wolff 2354 views

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# Publications

The long haul: managing exit from financial assistance

Countries can make a clean exit from financial assistance, or enter a new programme or a precautionary programme, depending on the sustainability of their public debt and their vulnerability to shocks. Ireland mad...

20th February 2014 by Guntram Wolff 2093 views

# Interviews

An evaluation of the Troika’s programmes in the euro area

On Friday April 19th 2013, Bruegel fellows Jean Pisani-Ferry, André Sapir and Guntram Wolff presented a study evaluating the Troika’s recent programmes in the euro area. The presentation took place at the Peterson ...

22nd April 2013 by Guntram Wolff 2318 views

# Interviews

ECB should cut interest rates

Guntram, we have seen disappointing data on the eurozone economy this week, yet the expectation is that the European Central Bank will keep its main interest rate unchanged. Would that be a wise decision? GW: Well, you r...

3rd April 2013 by Guntram Wolff 1893 views

# Blog

Capital controls will put the euro at risk

The currency in Nicosia will no longer be worth the same as it is in any other country, says Guntram Wolff. Cypriot lawmakers have passed a bill that paves the way for capital controls. The legislation allows Cyprus’s go...

26th March 2013 by Guntram Wolff 2244 views