This Working Paper is an output from the MICROPROD project, which received funding from the European Union’s Horizon 2020 research and innovation programme under grant agreement no. 822390. Research and development is seen as a key contributor to growth because it...
Brueguel
A practical arrangement for cooperation between digital economy regulators
The digital economy brings with it numerous overlaps between regulatory fields, and raises issues for which it might not be clear which regulator would have jurisdiction. Yet, in Europe, there is no enforcement cooperation mechanism to bring together the regulatory...
Fragmentation risk in the euro area: no easy way out for the European Central Bank
The ECB is about to enter the tightening part of the monetary policy cycle. Unlike in the easing part of the cycle, when the two objectives of monetary and financial stability are generally jointly served by the same policy, ECB policy interest rates hikes to tame...
Food security: the role and limits of international rules on export restrictions
Russia’s invasion of Ukraine and the subsequent disruption of agricultural exports from both countries has had an unwelcome corollary: a surge in export restrictions on agricultural commodities around the world. This casts dark clouds over future food price...
Is China bailing Russia out?
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...
Policies to support the self-employed in the labour markets of the future
This Policy Contribution was produced within the Future of Work and Inclusive Growth in Europe project, with the financial support of the Mastercard Center for Inclusive Growth. The authors thank Bruegel Future of Work Excellence Network members Janine Berg (ILO) and...
Is the EU Chips Act the right approach?
The European Chips Act, proposed by the European Commission in February 2022, is intended as a framework giving the Commission more power to steer and shape the European Union’s role in global value chains for semiconductors. The impetus is the shortages of chips...
Europe’s Russian oil embargo: significant but not yet
The European Council this week agreed to a partial ban on imports into the European Union of Russian oil. While not perfect, this deal significantly scales up the EU response to Russian aggression against Ukraine. It was a welcome signal of unity that the embargo was...
An embargo on (most) Russian oil
European leaders have finally agreed on a Russian oil embargo. What are the implications? How long will it take to enforce and what should be the next steps? Bruegel’s Giuseppe Porcaro is joined by MEP Luis Garicano, Simone Tagliapietra and Georg Zachmann to talk...
Technology, trade, work councils and income distribution: new insights from MICROPROD
This Working Paper is an output from the MICROPROD project, which received funding from the European Union’s Horizon 2020 research and innovation programme under grant agreement no. 822390. Ensuring prosperity and fairness is a dual challenge with major policy...
Three headaches for the European Central Bank
This opinion was originally published in Money Review. In its latest forecast published on 16 May, the European Commission expects inflation in the euro area to be 6.1% and growth 2.7% in 2022. The last forecasts published by the ECB on the 10 March, predicted...
Ukraine needs external financial assistance now
This opinion piece was originally published in Corriere della Sera, El Pais and Le Monde. Assistance provided to Ukraine, mainly by Europe and the United States, has been dominated by weapon deliveries and military support. Since late April, there has also been a...