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...
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....
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...
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...
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...
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...
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...
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 ...
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...