9 likes

# Publications

Beyond the Juncker and Schäuble visions of euro-area governance

This policy brief was first published on Bruegel.org. It is widely covered in the press. The issue Two diametrically opposed visions of the euro-area architecture have been put forward. European Commission president Jean...

1st December 2017 by Guntram Wolff 2708 views

# Interviews

Weniger Briefe aus Brüssel

A summary of my talk at ifo institute in Süddeutsche Zeitung: SZ_Artikel_Weniger_Briefe_aus Brüssel (1) ...

24th October 2017 by Guntram Wolff 1665 views

# Blog

Europe must seize this moment of opportunity

This opinion piece was published on Spiegel Online, Le Monde, El Economista and Bruegel. After years of despondency, there is new and positive momentum in Europe. With the French electing Emmanuel Macron and a broad reco...

14th August 2017 by Guntram Wolff 2060 views

# Blog

Eurozone or EU budget? Confronting a complex political question

This week’s European Commission reflection paper is the latest document to ponder a distinction between EU and euro-area budgets. But do we need to split the two, and what would each budget be used for? In this post, I p...

29th June 2017 by Guntram Wolff 3249 views

# Blog

What could a euro-area finance minister do?

With the election of Emmanuel Macron as president of France, the idea of a euro-area treasury and finance minister is back in the limelight. The election programme of Emmanuel Macron calls for “a budget for the euro area...

17th May 2017 by Guntram Wolff 5312 views

# Interviews

Debating with Jean Pisani-Ferry and Tony Barber on the future of Europe after the French elections

11th May 2017 by Guntram Wolff 2541 views

2 likes

# Publications

The global decline in the labour income share: is capital the answer to Germany’s current account surplus?

This policy contribution was published by Bruegel. Please find the pdf here. The piece was nicely covered by Martin Wolf in the FT. This paper links the major divergences between the three largest euro-area countries in ...

26th April 2017 by Guntram Wolff 3287 views

# Blog

What future for Europe?

The Commission’s White Paper on the future of the EU sets out five scenarios, but misses some of the fundamental questions facing Europe. How should the EU interact with its neighbourhood? How can we manage the ten...

17th March 2017 by Guntram Wolff 33797 views

# Interviews

If systemic crisis after #italyreferendum, Brussels will soften on banks

5th December 2016 by Guntram Wolff 2902 views

1 likes

# Publications

What impact does the ECB’s quantitative easing policy have on bank profitability?

Quantitative easing (QE) affects banks’ profitability in three main ways. First, as QE drives up bond prices, banks holding such bonds see their balance sheets strengthened. Second, QE reduces long-term yields and thereb...

30th November 2016 by Guntram Wolff 3194 views