Podcast

Director’s Cut: Priorities for the new ECB president

In this Director's Cut of 'The Sound of Economics', Guntram Wolff talks to two of the authors of Bruegel's memo to the new ECB president, Maria Demertzis and Grégory Claeys, to specify the most important issues at the beginning of this eight-year cycle and to clarify the parameters within which the new incumbent will have to work.

By: Date: July 4, 2019 Topic: European Macroeconomics & Governance

A difficult proposition faces the new ECB president – monetary union remains incomplete, the bank lacks room to manoeuvre in applying new tools, and it is not yet clear what constitutes the new economic ‘normal’.

In this episode of ‘The Sound of Economics’ Bruegel director Guntram Wolff addresses deputy director Maria Demertzis and research fellow Grégory Claeys, who together with senior fellow Francesco Papadia have written a memo to the incoming ECB president.

In their note, the authors state that the ECB needs to begin this eight-year term by reviewing monetary policy framework to account for the increasingly uncertain environment in which it will have to operate. In that vein, the incoming president will have to be prepared to emulate previous actions, providing certainty when it cannot be found elsewhere.

In addition, the authors propose methods by which the ECB can bolster the euro-area architecture while continuing to fulfil its role in promoting financial stability.

For further reading on this topic, we recommend a recent blog post by Grégory Claeys and Tanja Linta on the evolution of the ECB governing council’s monetary-policy decision-making process.

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Podcast

Podcast

The Belt and Road anxiety

Is the Belt and Road initiative a global development plan or is it just a trade project? How concerned should the international community be with what is called the "project of the century"? This week, Guntram Wolff discusses the Belt and Road Initiative with Prof. He Fang, from the Shanghai Jiao Tong University, Dr. Jing Gu, director of the Centre for Rising Powers and Global Development, and Suman Bery, from Bruegel.

By: The Sound of Economics Topic: Global Economics & Governance Date: December 5, 2019
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Podcast

The EU-Russia-China energy triangle

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By: The Sound of Economics Topic: Energy & Climate Date: November 28, 2019
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Blog Post

A Major Step Toward Combating Money Laundering in Europe

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By: Nicolas Véron and Joshua Kirschenbaum Topic: Finance & Financial Regulation Date: November 25, 2019
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By: Alexander Lehmann Topic: European Macroeconomics & Governance, Finance & Financial Regulation Date: November 20, 2019
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Podcast

Podcast

Ethics and Algorithms

Will the EU's regulations undermine its power of innovation? How can the EU protect its values while harnessing technology? These are some of the questions we discuss with Brent Mittlestadt, from the University of Oxford, and Andre Loesekrug-Pietri, from the Joint European Disruptive Initiative, in our new Sound of Economics podcast.

By: The Sound of Economics Topic: Innovation & Competition Policy Date: November 20, 2019
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Past Event

Past Event

Better governance, better economies

This event will feature the presentation of the 2019 EBRD Transition report, which focuses on governance in the EBRD regions.

Speakers: Daniel Daianu, Beata Javorcik, Zsuzsanna Lonti and Guntram B. Wolff Topic: European Macroeconomics & Governance Location: Press Club Brussels Europe, Rue Froissart 95, 1000 Brussels Date: November 20, 2019
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Policy Contribution

Crisis management for euro-area banks in central Europe

Euro-area bank integration has decreased as post-financial crisis national rules require banks to hold more capital at home. It might be undermined further by bank resolution planning. Either a Single Resolution Board takes the lead for the entire banking group or independent local intervention schemes need to be developed for crisis resolution.

By: Alexander Lehmann Topic: European Macroeconomics & Governance, Finance & Financial Regulation Date: November 19, 2019
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Podcast

Podcast

Cars, steel and national security: The EU-US trade spat

Guntram Wolff is joined by Alan Beattie, the author of the FT's new Trade Secrets newsletter, and by Andre Sapir, Bruegel's very own trade expert to discuss President Trump's tariffs and whether or not they're working

By: The Sound of Economics Topic: Global Economics & Governance Date: November 14, 2019
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Podcast

Podcast

How to make the European Green Deal work (Part Two)

Nicholas Barrett and Guntram Wolff discuss industrial policy and the social consequences of the green deal with Grégory Claeys and Simone Tagliapietra.

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Opinion

Upbeat outlook from Chinese banks' profits masks growing problems for small banks

The performance of Chinese banks has been resilient so far, despite decelerating growth. While the performance of large banks remained steady, the rebound came from small banks. Why have small banks rebounded and is the rebound sustainable?

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Opinion

Scholz's improved plan to complete the banking union

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By: Rebecca Christie Topic: European Macroeconomics & Governance Date: November 8, 2019
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Podcast

Podcast

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By: The Sound of Economics Topic: Energy & Climate Date: November 7, 2019
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