In this episode of the Sound of Economics Live Guntram Wolff hosts Oleg Ustenko, Economic Advisor to Ukrainian President Volodymyr Zelensky. They discuss the economic situation in Ukraine as well as humanitarian needs and Ukraine’s request to ban Russian exports of...
Brueguel
How to reconcile increased green public investment needs with fiscal consolidation
Read the full piece published on VoxEU, a lead commentary in the VoxEU debate on euro area reform.
The week inflation became entrenched
This opinion piece was originally published in Money Review and Het Financieele Dagblad. The events that have unfolded since 24 February have solved one dispute: inflation is no longer temporary. There are four reasons to expect sustained inflationary pressures and...
The economic policy consequences of the war
The European Union has responded to the war at its Eastern border with exceptional unity, resolve and speed. But the invasion of Ukraine is a watershed. Whatever the duration of the war, its legacy will be long-lasting. It will shape Europe’s policy choices for the...
War in Europe: the financial front
Financial sanctions against Russia since its invasion of Ukraine began on 24 February have included three main planks. First, sanctions against named Russian individuals have expanded dramatically. Second, a series of sanctions has been imposed on individual Russian...
War in Ukraine: China-Russia relations
This episode is part of the ZhōngHuá Mundus series of The Sound of Economics. ZhōngHuá Mundus is a newsletter by Bruegel, bringing you monthly analysis of China in the world, as seen from Europe. Click to read all past editions of ZhōngHuá Mundus Sign up for the...
War in Ukraine: Macroeconomic implications for the EU
Following Russia’s invasion of Ukraine, the EU adopted a number of sanctions in an attempt to immobilize the war effort. These sanctions will have an impact on the EU’s own economies. How will they affect inflation? What fiscal and monetary policies will the EU have...
War in Ukraine: implications for the global financial system and central banks
The G7 and EU sanctions following Russia’s invasion of Ukraine are having major impact on the Russian economy and also have broader implications for the global financial system. In this episode of the Sound of Economics Live, Giuseppe Porcaro, Silvia Merler and...
How Europe can sustain Russia sanctions
Read the full piece as published on Project Syndicate.
Preparing for the first winter without Russian gas
After a turbulent winter that began with very low gas storage levels and has continued with historically low supplies from Russia, the European Union will make it through until the summer on the back of record-high LNG imports. The urgent question is what comes next?...
China’s economic support for Russia is not a panacea
Read the full opinion as published in Asia Times.
The Kremlin’s gas wars
The European Union and other major economies have imposed swift, broad and devastating sanctions in response to Russia’s invasion of Ukraine. But given Europe’s energy dependence on Russian natural gas, there is a growing fear across the continent that Russia could...