Cities & EU climate policy

Simone Tagliapietra and Georg Zachmann propose a new governance mechanism in order to achieve decarbonisation at city level.

QUANTITATIVE EASING & bank profitability

Maria Demertzis and Guntram B. Wolff show that the ECB’s QE programme has not yet had a dramatically negative effect on bank profitability.

The Sound of Economics is BACK

Discover the second season of "The sound of economics", our podcast series about economic policy.

AN ANATOMY OF INCLUSIVE GROWTH

This Blueprint offers an in-depth analysis of inequalities of income and wealth in the EU, as well as their causes and consequences.

Focus on Brexit

Read Bruegel scholars' blogs and publications on Brexit.

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Policy Contribution

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The impact of the legal and operational structures of euro-area banks on their resolvability

Following the financial crisis, the question of how to handle a big bank’s collapse has come to the fore. This Policy Contribution evaluates the obstacles to resolvability that the legal and operational structures of the large euro-area banks could pose to the European Union’s new resolution regime.

By: Dirk Schoenmaker Topic: European Parliament, Finance & Financial Regulation, Parliamentary Testimonies Date: December 6, 2016
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Policy Contribution

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Going local: empowering cities to lead EU decarbonisation

Decarbonisation and digitalisation are reshaping the European energy system, which will become more decentralised and interconnected with other sectors. Cities have the opportunity to be the key drivers of decarbonisation, but this will require the implementation of a new bottom-up governance system. This paper outlines a four-step mechanism in order to achieve decarbonisation at city level.

By: Simone Tagliapietra and Georg Zachmann Topic: Energy & Climate Date: November 30, 2016
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Policy Contribution

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What impact does the ECB’s quantitative easing policy have on bank profitability?

This Policy Contribution shows that the effect of the ECB’s QE programme on bank profitability has not yet had a dramatically negative effect on bank operations.

By: Maria Demertzis and Guntram B. Wolff Topic: European Macroeconomics & Governance Date: November 30, 2016
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Blueprint

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An anatomy of inclusive growth in Europe

This Blueprint offers an in-depth analysis of inequalities of income and wealth in the EU, as well as their causes and consequences. How evenly are the benefits of growth distributed in our economies, and what does this mean for fairness and social mobility? How could and should policymakers react?

By: Zsolt Darvas and Guntram B. Wolff Topic: European Macroeconomics & Governance Date: October 27, 2016
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Blog Post

Guntram B. Wolff

Building common ground: Towards strategic migration and refugee policies in Europe

This conference declaration was signed on 22 November 2016 at the occasion of the second annual Vision Europe Summit in Lisbon. The signatories are leaders from the eight think tanks and foundations convening the Vision Europe Summit.

By: Yves Bertoncini, Aart de Geus, Robin Niblett, Izabela Styczynska, Piero Gastaldo, Mikko Kosonen, Artur Santos Silva and Guntram B. Wolff Date: December 6, 2016

2 hours ago

CHART | BBVA, Deutsche Bank & Santander conduct +50% of their business outside the #Banking Union… https://t.co/FSAUomglkZ

3 hours ago

RT @EBRD: Join @sguriev and @ebrdcharles tomorrow in #Brussels @Bruegel_org for our #EBRDtr launch. Register now: https://t.co/yhKFZgSBIt h…

3 hours ago

NEW | This paper looks at the obstacles for #BankResolution for large #euroarea banks https://t.co/tDsqRHJWf2… https://t.co/fapXjwDClc

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External Publication

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Climate policy in China, the European Union and the United States: Main drivers and prospects for the future

China, the European Union (EU) and the United States (US) are responsible for the majority of global emissions of greenhouse gases, and produce about half of global GDP. Hence, their climate policies not only determine the success of global efforts to curb future emissions of greenhouse gases, but also affect policy developments in other countries. The aim of this report is to assist policy-makers, climate change negotiators and analysts to understand the domestic constraints and opportunities facing each jurisdiction, and to identify areas of common interest or concern between the three jurisdictions.

By: Augustin Lagarde and Georg Zachmann Topic: Energy & Climate Date: December 6, 2016
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Upcoming Event

Dec
6
19:00

Game Over – The Inside Story of the Greek Crisis -Drawing the broader lessons for Europe

Solvay Brussels School and Bruegel are co-organizing an event at which George Papakonstantinou and André Sapir will discuss the Greek crisis and its social and economical impact over the last 6 years.

Speakers: André Sapir, Guntram B. Wolff and George Papakonstantinou Topic: European Macroeconomics & Governance Location: Avenue Franklin Roosevelt 42 Brussels, 1050, Ixelles
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Upcoming Event

Dec
7
12:30

Transition for all: equal opportunities in an unequal world

How inclusive is growth in transition countries? Post-communist countries are becoming more prosperous but many people are being left behind, risking setbacks in political and economic development.

Speakers: Heather Grabbe, Zsolt Darvas, Katarina Mathernova, Sergei Guriev and Jonathan Charles Topic: European Macroeconomics & Governance Location: Bruegel, Rue de la Charité 33, 1210 Brussels
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Blog Post

Pia Hüttl

Macroeconomics in the crossfire (again)

What’s at stake: After a first go at macroeconomics and its flaws a year ago, Paul Romer kicked off the debate again with a recent essay on how macroeconomics has gone backwards. The way that this debate, along with the debate of the role of economics in general, feeds into today's election woes, has also attracted attention in the blogosphere.

By: Pia Hüttl Topic: European Macroeconomics & Governance Date: December 5, 2016
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Blog Post

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Simone Tagliapietra

OPEC's revival or swan song? First evidence from financial markets

On Wednesday, 30 November 2016, OPEC reached a milestone agreement to cut oil production by 1.2 million barrels a day in a long-awaited attempt to end the savage two-year downturn in prices that has shredded the budgets of its members. The deal will come into effect in January 2017 and it will mark a U-turn from the pump-at-will policy adopted by the group in November 2014.

By: Enrico Nano and Simone Tagliapietra Topic: Energy & Climate Date: December 2, 2016
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Parliamentary Testimony

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Energy policies in Eastern European partners

Euronest Parliamentary Assembly, 1 December 2016.

By: Georg Zachmann Topic: Parliamentary Testimonies Date: December 2, 2016
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Blog Post

Silvia Merler

Financial implications of the Italian referendum

On Sunday, Italy will held a constitutional referendum whose implications for the political stability of the country are uncertain. Right after the referendum, Italy’s oldest and most troubled bank - Monte dei Paschi di Siena - is expected to complete a very important and sizable capital raise. Here we look at the situation and implications of this critical juncture.

By: Silvia Merler Topic: European Macroeconomics & Governance Date: December 2, 2016
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Blog Post

Simone Tagliapietra
Georg Zachmann

How to put cities at the heart of EU clean energy plans

As the European Commission releases its new energy package, “Clean Energy for all Europeans”, our authors argue that cities are the key to success. They propose a new governance mechanism where cities develop and implement ambitious City Climate Plans – with direct monitoring and financial support from the EU.

By: Simone Tagliapietra and Georg Zachmann Topic: Energy & Climate Date: November 30, 2016
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