External speakers

Xavier Ragot

President OFCE, CNRS

Xavier Ragot, a researcher at the CNRS-PSE, is the president of the French Economic Observatory  (the economic research centre of Sciences Po. He is a member of the Economic Analysis Council and the National Economic Committee. Now an Associate Professor at the Paris School of Economics, he carried out a dissertation at the School for Advanced Studies in the Social Sciences and a post-doc at the Massachusetts Institute of Technology after his studies at University of Paris 10.
He was previously an Economist at the Bank of France. From 2012 to 2013 he was an Economic Advisor at the Ministry of Industry.
His research focuses mainly on monetary and financial macroeconomic questions.He has been published in French and international economic journals such as the Journal of Economic Theory, Economic Journal, Journal of Monetary Economics, la Revue Economique, European Economic Review et Annales d’Economie et de Statistique.
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Policy Contribution

European fiscal rules require a major overhaul

In this Policy Contribution prepared for the French Conseil d’Analyse Économique, the authors assess current European fiscal rules and propose a major simplification. They recommend substituting the numerous rules with a new simple one, which would help reconcile fiscal prudence and macroeconomic stabilisation of the economy.

By: Zsolt Darvas, Philippe Martin and Xavier Ragot Topic: European Macroeconomics & Governance Date: October 24, 2018
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Blog Post

The economic case for an expenditure rule in Europe

Proposals for reforming the euro area back on the agenda. An overhaul of the European fiscal rules should be on high on this agenda, because the current fiscal framework has not worked well. This column proposes substituting the numerous and complex present rules with a new, simple rule focused on limiting annual growth rate of expenditures.

By: Zsolt Darvas, Philippe Martin and Xavier Ragot Topic: European Macroeconomics & Governance Date: September 13, 2018
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Policy Contribution

Which fiscal union for the euro area?

At the current level of political and societal integration, a large federal budget is unrealistic in the euro area. The authors make three recommendations that would lead national fiscal policies to be more stabilising with respect to the economic cycle, while achieving long-term sustainability. They also recommend a move towards a European unemployment insurance scheme targeted at ‘large’ shocks, and a minimum set of labour-market harmonisation criteria.

By: Agnès Bénassy-Quéré, Xavier Ragot and Guntram B. Wolff Topic: European Macroeconomics & Governance Date: February 18, 2016