# podcast

The impact of Covid-19 on emerging markets with Barry Eichengreen

Emerging market economies are vulnerable to the current COVID-19 pandemic. How can developed countries help tackle the issue? Is international cooperation more needed than ever? This week, Giuseppe Porcaro and Guntram Wo...

29th April 2020 by Guntram Wolff 639 views

# Blog

EU debt as insurance against catastrophic events in the euro area: the key questions and some answers

European Union debt can provide comprehensive insurance against the COVID-19 pandemic and can enable a macroeconomic response, even though EU debt is a liability for taxpayers in EU countries and therefore indirectly for...

25th April 2020 by Guntram Wolff 784 views

# podcast

Post-Council commentary

On April 23, EU leaders met virtually to try to come to an agreement for a common European response to the COVID-19 pandemic. What were the measures taken? Will they be sufficient? Did Europe come together for a coordina...

25th April 2020 by Guntram Wolff 583 views

# Blog, Interviews

Disease, like poverty, does not stay at home

This opinion piece was originally published in Abidjanpress, ApaNews, Barlamane, Corriere della Sera, Daily Maverick, Journal de Conakry, Libération,Teranga News and Süddeutsche Zeitung. Covid-19 should change global pol...

8th April 2020 by YONAS ADETO, KARIM EL AYNAOUI, THOMAS GOMART, PAOLO MAGRI, GREG MILLS, KARIN VON HIPPEL, GUNTRAM B. WOLFF 715 views

# Blog, Interviews

A European approach to fund the coronavirus cost is in the interest of all

This opinion piece was originally published in El País and Corriere della Sera. To reduce the economic fallout from the coronavirus crisis, massive fiscal support will be needed. Without sufficient support, GDP will fall...

# Blog

ESM credit lines, ‘corona-bonds’, Euro-area Treasury, One-off joint expenditures: What are the options for the EU Council?

A version of this piece was also published in French. As the Covid-19 pandemic intensifies and now that Europe has become the epicentre of the pandemic, voices are being raised among EU Member States in support of a comm...

26th March 2020 by Grégory Claeys, Guntram Wolff 2522 views

# Blog, Interviews

Europe needs a Covid-19 Recovery Programme

Our letter to the FT. The COVID-19 pandemic represents an unprecedented challenge for Europe’s healthcare systems, and a major shock for the continent’s economy. After the initial focus on the immediate crisis response m...

25th March 2020 by Grégory Claeys, Simone Tagliapietra, Guntram Wolff 1686 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 758 views

# podcast

From health crisis to economic crisis and now euro area crisis?

my conversation with Jean Pisani-Ferry and Maria Demertzis...

18th March 2020 by Guntram Wolff 586 views

# Blog

Be bold now: coronavirus, the Eurogroup and fiscal safety nets

This blog post sketches two scenarios: one in which countries provide a large fiscal safety net to companies and another in which they do not. Both lead to similar debt-to-GDP ratios in 2021, but the safety net leads to ...

17th March 2020 by Guntram Wolff 678 views