Read the full opinion published in Asia Times.
Brueguel
An analysis of central bank decision-making
An earlier version of this paper was presented at ‘The MPC at 25’, a conference organised by the United Kingdom’s National Institute of Economic and Social Research, in London, 30 March 2022 The process by which central banks take decisions has evolved over the years,...
Putin’s War and the German Economic Model
Read the full piece published on Project Syndicate.
Is MiCA the end of the crypto wild-west?
This opinion was originally published in Money Review of Kathimerini. France’s finance minister, Bruno Le Maire, has compared crypto markets to the wild west. At the end of last week, in the last moments of France’s presidency of the Council of the European Union,...
How rate increases could impact debt ratios in the euro area’s most-indebted countries
Spreads versus German yields for the euro-area countries with the highest debt-to-GDP ratios have increased significantly since September 2021. Even if spreads are not yet at the worrying levels of previous stress episodes (and have decreased since the European...
How has the pandemic affected the BRI?
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...
Mobilising EU investors to narrow the developing-country climate-finance gap
Collectively, the European Union and its members are the largest providers of public sector funds for climate mitigation and adaptation in developing countries. The European Commission’s sustainable finance strategy, updated in July 2021, set the goal of also scaling...
Central banks have been too slow in responding to higher inflation
In September 2021, I warned against inflation resulting from over ten years of ultra-soft monetary policies, in particular, the massive asset purchase programmes that have built up record-high central bank balance sheets. Expansionary fiscal policies have added to...
European Union demand reduction needs to cope with Russian gas cuts
The share of the European Union’s gas supply provided by Russia dropped from over 40% in 2021 to just 20% in June 2022. The gap of over 300 terawatt hours in the first six months of 2022 compared to 2021 has so far been filled mostly by 240 TWh of additional imports...
A decade of economic policy
As his time as Bruegel Director comes to an end, Guntram Wolff sits down with Giuseppe Porcaro to discuss the highs, lows and shifts of economic policy in Europe over the past decade and Bruegel’s contribution in an effort to improve it, from the euro area sovereign...
The implications for public debt of high inflation and monetary tightening
Rising inflation has triggered monetary tightening in several countries. The Federal Reserve and the Bank of England have already increased their key interest rates, while the European Central Bank will start to hike rates soon. Higher interest rates raise concerns...
The role of competition in the transition to climate neutrality
An earlier version of this paper was co-written with Julia Anderson, providing excellent input on the legal basics and a deep dive into green efficiency that has been used in this paper. Based on this, and many comments (special thanks to Marie Le Mouel), the paper...