Understanding the Juncker Plan

Jean-Claude Juncker recently proposed doubling the EU investment plan by 2020. Our experts explain how the plan works and review its effectiveness.

All eyes on China

Read Bruegel's scholars latest research on China including the Belt and Road initiative.

The Sound of Economics

Discover "The sound of economics", our new podcast series about economic policy.

Focus on Brexit

Read Bruegel scholars' blogs and publications on Brexit.

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Policy Contribution

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Low long-term rates: bond bubble or symptom of secular stagnation?

Yields on European sovereign bonds have reached historically low levels in 2016. This secular decline in long-term sovereign yields is not limited to the euro area. Why are interest rates currently so low? Are low long-term trates justified by fundamental factors or is it an artificial phenomenon?

By: Grégory Claeys Topic: European Macroeconomics & Governance Date: September 26, 2016
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Blog Post

Nicolas Véron

The City will decline—and we will be the poorer for it

Just as the City owes much of its current awe-inspiring prosperity to European integration, the brutal realities of Brexit will make it shrink, not thrive. All this is bleak news, not just for the City but for the UK's economy.

By: Nicolas Véron Topic: European Macroeconomics & Governance Date: September 14, 2016
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Policy Contribution

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What are the prerequisites for a euro-area fiscal capacity?

In this Policy Contribution, Maria Demertzsis and Guntram B. Wolff discuss three progressive steps for strengthening the fiscal framework at the euro-area level. These lead to less interference in national fiscal policymaking thanks to a more credible no-bailout clause, increased risk sharing and different degrees of provision of euro-area-wide public goods and fiscal stabilisation.

By: Maria Demertzis and Guntram B. Wolff Topic: European Macroeconomics & Governance Date: September 9, 2016
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Podcast

Podcast

The future of Europe

Europe is at a crossroads. What must European leaders do to combat populism, the refugee crisis, and low growth?

By: Bruegel Topic: European Macroeconomics & Governance, Global Economics & Governance Date: September 7, 2016
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Working Paper

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China’s Belt and Road initiative: can Europe expect trade gains?

The Belt and Road aims to ease bottlenecks for cross-border trade in Asia, Europe and Africa. This paper measures empirically whether the reduction in transportation costs will have a positive impact on trade flows for Belt and Road countries and for EU countries. The authors also explore the possibility that the Belt and Road may eventually go beyond its current objectives towards the creation of a free trade area.

By: Alicia García-Herrero and Jianwei Xu Topic: Global Economics & Governance Date: September 5, 2016

5 hours ago

We spoke to Joachim Bitterlich, Romani Prodi, @GoulardSylvie & André Sapir on #FutureofEurope >> LISTEN… https://t.co/LG2XZ8gax1

6 hours ago

Cross-border shipment costs are up to 4x higher in #Greece than in Germany https://t.co/YpGcDzEouL #postalservices https://t.co/XRlpFyivbW

7 hours ago

Has the #JunckerPlan been successful? https://t.co/4cPJxSIVPt https://t.co/eKdsKvwhBq

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External Publication

Europe after Brexit

Europe after Brexit: A proposal for a continental partnership

This paper leaves aside the issue of EU reform and focuses on the desirable EU-UK relationship after Brexit. The authors argue that none of the existing models of partnership with the EU would be suitable for the UK. They propose a new form of collaboration, a continental partnership, which is considerably less deep than EU membership but rather closer than a simple free-trade agreement

By: Jean Pisani-Ferry, Norbert Röttgen, André Sapir, Paul Tucker and Guntram B. Wolff Topic: European Macroeconomics & Governance Date: August 29, 2016
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Blog Post

Silvia Merler

Big in Japan

What’s at stake: This week saw two important Central Banks’ meetings, whose outcomes could hardly be more different. While the U.S. Federal Reserve left interest rates unchanged, the Bank of Japan introduced a big shift in its easing framework. BOJ committed itself to overshoot its inflation target of 2 percent, and introduced a targeting of the yield on ten-year Japanese government debt, initially at about zero percent. We review the economic blogosphere reaction to this latest monetary policy action.

By: Silvia Merler Topic: Global Economics & Governance Date: September 26, 2016
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Upcoming Event

Sep
29
08:30

Inclusive growth in the European Union

Why is inclusive growth important and how do the EU’s social problems differ from social problems in other parts of the world?

Speakers: Brando Benifei, Monica Brezzi, Bea Cantillon, Zsolt Darvas, Jana Hainsworth, Stefaan Hermans, Barbara Kauffmann, Dalia Marin, Tim Murphy, Reinhilde Veugelers, Luca Visentini and Guntram B. Wolff Topic: European Macroeconomics & Governance Location: Bruegel, Rue de la Charité 33, 1210 Brussels
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Upcoming Event

Oct
3
12:50

Big data, digital platforms and market competition

How does big data generate economic value for firms and individuals? How should we respond to potential antitrust concerns?

Speakers: Damien Neven, Georgios Petropoulos, Hal Varian, Reinhilde Veugelers and Tommaso Valletti Topic: Innovation & Competition Policy Location: Bruegel, Rue de la Charité 33, 1210 Brussels
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Upcoming Event

Oct
4
12:30

Potential impediments to long-term investment

How can we encourage long-term investment in Europe? Many factors hinder long-term investment but are there risks involved in reviewing existing regulation?

Speakers: Sophie Barbier, Grégory Claeys, Miguel Gil Tertre, Edoardo Reviglio and Sandra Rigot Topic: European Macroeconomics & Governance Location: Bruegel, Rue de la Charité 33, 1210 Brussels
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Upcoming Event

Oct
10
12:00

Financial Times/Bruegel European Forum: Where now for the UK and the EU after the vote for Brexit?

Three months after the results of the UK referendum there is still a lot of uncertainty about the future. The Financial Times and Bruegel bring together a panel to discuss the most crucial questions.

Speakers: Lionel Barber, James Blitz, Maria Demertzis, Sylvie Goulard and Guntram B. Wolff Topic: European Macroeconomics & Governance Location: Bruegel, Rue de la Charité 33, 1210 Brussels
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Upcoming Event

Oct
12
12:30

Europe Lab: Competitiveness and inclusive growth

The Europe Lab aims to support the design, launch and implementation of actionable agendas for public-private collaborations to increase competitiveness and inclusive growth in Europe.

Topic: Innovation & Competition Policy Location: Bruegel, Rue de la Charité 33, 1210 Brussels
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Upcoming Event

Oct
13
08:30

The Euro and the battle of ideas

Why is the Euro in trouble? Are philosophical differences between the founding countries to blame and can those differences be reconciled?

Speakers: Markus K. Brunnermeier, Harold James and Guntram B. Wolff Topic: European Macroeconomics & Governance Location: Bruegel, Rue de la Charité 33, 1210 Brussels
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Blog Post

Alicia García-Herrero
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What does China’s ‘belt and road initiative’ mean for EU trade?

Much has been written about the Belt and Road initiative since Xi Jinping made it Beijing’s flagship initiative in September 2013. There are many interpretations of the initiative’s ultimate objectives, but one objective is clear. The belt and road scheme will bring huge improvements in regional and international connectivity through infrastructure upgrades and trade facilitation across a massive geographic area.

By: Alicia García-Herrero and Jianwei Xu Topic: Global Economics & Governance Date: September 20, 2016
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Upcoming Event

Oct
17
00:30

Delivering a Green Capital Markets Union

Climate change presents a growing threat to financial stability. This seminar looks at how the European Union could respond by delivering a Green Capital Markets Union.

Speakers: Jean Boissinot, Per Bolund, Tatiana Bosteels, Henrik Braconier, Ingrid Holmes, Michelle Kosmidis, Dirk Schoenmaker and Philippe Zaouati Topic: Finance & Financial Regulation Location: Bruegel, Rue de la Charité 33, 1210 Brussels
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