Download publication

External Publication

Monetary Policy on the Way out of the Crisis

In this paper, commissioned by the European Parliament, Bruegel Visiting Scholar, Juergen von Hagen analyses the European and US monetary strategies during the crisis and points out that at the current moment coordination of monetary and fiscal exit strategies will be essential in order to avoid killing off the recovery before it has acquired full […]

By: Date: December 1, 2009 Global Economics & Governance Tags & Topics

In this paper, commissioned by the European Parliament, Bruegel Visiting Scholar, Juergen von Hagen analyses the European and US monetary strategies during the crisis and points out that at the current moment coordination of monetary and fiscal exit strategies will be essential in order to avoid killing off the recovery before it has acquired full force. The author suggests that the risks of adverse macroeconomic developments are considerably less if fiscal policy exists from crisis mode first and monetary policy second.

View comments
Read article More by this author

Opinion

Alicia García-Herrero

‘Old China’ bad, ‘New China’ good: Growing divergence in Chinese corporate health

Divergence in debt levels and corporate health in China is growing, with many state-owned companies still stuck in the past and new industries such as tourism and healthcare overtaking the old ones. While fiscal and monetary stimulus may temporarily cover up the problems of companies in the old industries, a restructuring of these sectors seems inevitable.

By: Alicia García-Herrero Topic: Global Economics & Governance Date: July 26, 2016
Read article

Blog Post

Alicia García-Herrero
DSC_0160

Assessing China’s post-Brexit globalisation strategy

As the world comes to terms with the result of the UK's Brexit referendum, what will it mean for China? The authors suggest that the short-term impact will be smaller for China than for other regions. But there are important considerations further ahead.

By: Alicia García-Herrero and Jianwei Xu Topic: Global Economics & Governance Date: July 19, 2016
Read article More on this topic More by this author

Blog Post

Jérémie Cohen-Setton

Racial prejudice in police use of force

What’s at stake: This week was dominated by a new study by Roland Fryer exploring racial differences in police use of force. His counterintuitive result that blacks and Hispanics experience discrimination for all types of interaction involving force except for officer involved shootings provoked debate after the study was published on Monday.

By: Jérémie Cohen-Setton Topic: Global Economics & Governance Date: July 18, 2016
Read article Download PDF More on this topic

Working Paper

cover

The China-Russia trade relationship and its impact on Europe

This paper analyses empirically how increasingly close trade relations between China and Russia might affect the European Union.

By: Alicia García-Herrero and Jianwei Xu Topic: Global Economics & Governance Date: July 14, 2016
Read about event More on this topic

Upcoming Event

Sep
21-22
09:00

13th Asia Europe Economic Forum (AEEF)

This edition of the of the Asia-Europe Economic Forum is entitled: “Riding the new waves: Asian and European Economic Perspectives” and will be held in Beijing on 21-22 September 2016.

Topic: Global Economics & Governance Location: Beijing
Read article More on this topic More by this author

Blog Post

Nataraj_Geethanjali_Profile-Picture1

Can the EU-India Free Trade Agreement be revived?

India and the EU must adopt a flexible approach, and iron out differences on crucial issues, to ensure that the India-EU FTA becomes a reality.

By: Geethanjali Nataraj Topic: Global Economics & Governance Date: June 27, 2016
Read about event More on this topic

Past Event

Past Event

China-Russia relations and their impact on Europe

The economic ties between China and Russia are growing. How will this relation affect Europe?

Speakers: Marek Dabrowski, Zsolt Darvas, Alicia García-Herrero, Vasily Gavrilov, Eric Girardin, Matteo Governatori, Iikka Korhonen, Heli Simola, Laura Solanko, Mingxi Sun and Jianwei Xu Topic: Global Economics & Governance Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: June 21, 2016
Read article More on this topic More by this author

Blog Post

Jérémie Cohen-Setton

The new Washington Consensus

What’s at stake: Since 2008 the IMF has been at the forefront of a revaluation of the orthodox policy toolbox. While the majority of policies that constituted the old Washington Consensus remain in place, the consensus has moved on financial openness and fiscal consolidations.

By: Jérémie Cohen-Setton Topic: Global Economics & Governance Date: June 3, 2016
Read about event

Past Event

Past Event

New perspectives for economic cooperation with Iran

The lifting of international sanctions will have a big impact on the economic relationship between Iran and the rest of the world.

Speakers: Benjamin Godel, Zahra Jazayeri, Mohsen Pakparvar, Simone Tagliapietra, HE Peiman Seadat, Farhad Sharif and Guntram B. Wolff Topic: Energy & Climate, Global Economics & Governance Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: June 2, 2016
Read article More on this topic More by this author

Blog Post

Nataraj_Geethanjali_Profile-Picture1

India must push forward with RCEP trade deal

Negotiations on a trade agreement between the Association of Southeast Asian Nations (ASEAN) and their free trade partners could have major implications for the world economy.

By: Geethanjali Nataraj Topic: Global Economics & Governance Date: June 1, 2016
Read article More on this topic More by this author

Blog Post

Jérémie Cohen-Setton

The abandonment of counter-cyclical fiscal policy

What’s at stake: The reluctance to use fiscal policy as a stabilizing tool in the current deflationary environment has been puzzling to many and a number of authors are now putting forward possible explanations.

By: Jérémie Cohen-Setton Topic: Global Economics & Governance Date: May 30, 2016
Read article Download PDF More on this topic More by this author

Essay / Lecture

Cover frieden

Lessons for the euro from early US monetary and financial history

In this essay, Jeffry Frieden looks at the process of creating a monetary union in the United States and draws lessons for the EU.

By: Jeffry Frieden Topic: Global Economics & Governance Date: May 25, 2016
Load more posts