External speakers

Jeromin Zettelmeyer

Chief Economist, Federal Ministry of Economic Affairs and Energy

Jeromin Zettelmeyer is Director-General for Economic Policy at the German Ministry of the Economy. From 2008 until March of 2014 he was Director of Research and (since July 2010) Deputy Chief Economist at the European Bank for Reconstruction and Development. Prior to that, he spent about 14 years at the International Monetary Fund, mostly in the Research Department. From 2013-2014 he was a non-resident Senior Fellow at the Peterson Institute for International Economics. He is also a member (since 2011) of the World Economic Forum’s Global Agenda Council on Fiscal Sustainability. In his current capacity, he represents Germany on the Economic Policy Committee of the OECD. Jeromin has published on sovereign debt and debt crises, international finance, economic growth, and transition economies. He is the author, with Federico Sturzenegger, of Debt Defaults and a Decade of Crises (MIT Press, 2007). He holds an Economics degree from the University of Bonn and a PhD from MIT.

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Policy Contribution

A European perspective on overindebtedness

The sequence of crisis and policy responses after mid-2007 was a gradual recognition of the unsustainability of the euro-area policy framework. The bank-sovereign vicious circle was first observed in 2009 and became widely acknowledged in the course of 2011 and early 2012. The most impactful initiative has been the initiation of a banking union in mid-2012, but this remains incomplete and needs strengthening.

By: Nicolas Véron and Jeromin Zettelmeyer Topic: European Macroeconomics & Governance Date: September 28, 2017
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Opinion

A resilient Euro needs Franco-German compromise

In a piece signed by 15 leading French and German economists, Nicolas Véron lays out a path to a more sustainable Euro. Germany will need to accept some form of risk sharing. France will need to allow more market discipline. But the two countries can find a common vision for reforms

By: Agnès Bénassy-Quéré, Markus K. Brunnermeier, Lars Feld, Marcel Fratzscher, Philippe Martin, Hélène Rey, Isabel Schnabel, Nicolas Véron, Beatrice Weder di Mauro, Jeromin Zettelmeyer, Henrik Enderlein, Emmanuel Farhi, Clemens Fuest, Pierre-Olivier Gourinchas and Jean Pisani-Ferry Topic: European Macroeconomics & Governance Date: September 27, 2017