Publishing Institution: Bruegel / Publication Year: within 5 Years

Author:: Gregory Claeys and Guntram B. Wolff
Publication Date:: 06-2020
Content Type:: Policy Brief
Institution:: Bruegel
Abstract:: The euro never challenged the US dollar, and its international status declined with the euro crisis. Faced with a US administration willing to use its hegemonic currency to extend its domestic policies beyond its borders, Europe is reflecting on how to promote it currency on the global stage to ensure its autonomy. But promoting a more prominent role for the euro is difficult and involves far-reaching changes to the fabric of the monetary union.
Topic:: Health, European Union, Currency, and COVID-19
Political Geography:: Europe and Global Focus

Author:: Sybrand Brekelmans and Georgios Petropoulos
Publication Date:: 06-2020
Content Type:: Working Paper
Institution:: Bruegel
Abstract:: From 2002 up to 2009, the economies of European Union countries went through a skill upgrading, rather than a polarisation between low-skill and high-skill jobs. After 2009, this changed, with declining real wages and a significant increase in the share of workers in low-skill jobs. This assessment evaluates these changes in connection with labour market variables, population densities and the emergence of machine learning and artificial intelligence.
Topic:: Labor Issues, European Union, Economy, Innovation, Artificial Intelligence, Strategic Competition, and Geography
Political Geography:: Europe

Author:: Olivier Blanchard, Thomas Philippon, and Jean Pisani-Ferry
Publication Date:: 06-2020
Content Type:: Policy Brief
Institution:: Bruegel
Abstract:: Most governments have taken measures to protect vulnerable workers and firms from the worst effects of the sudden drop in activity related to COVID-19. But as lockdowns are lifted, the focus must shift, and governments in advanced economies must design measures that will limit the pain of adjustment.
Topic:: Government, Labor Issues, Economy, and COVID-19
Political Geography:: Global Focus

Author:: Dirk Schoenmaker and Svend E. Hougaard Jensen
Publication Date:: 06-2020
Content Type:: Policy Brief
Institution:: Bruegel
Abstract:: Though outside the euro area, Denmark and Sweden could benefit from joining the European Union’s banking union. It would provide protection in case of any need to resolve at national level a large bank with a Scandinavian footprint, and would mark a choice in favour of more cross-border banking. But joining the banking union would also involve some loss of decision-making power.
Topic:: Markets, European Union, Economy, and Banks
Political Geography:: Europe, Denmark, and Sweden

Author:: Marek Dabrowski, Marta Dominguez-Jimenez, and Georg Zachmann
Publication Date:: 06-2020
Content Type:: Policy Brief
Institution:: Bruegel
Abstract:: Since the Euromaidan protests (2013-2014), Ukraine has had two presidents and four governments. In a difficult environment of external aggression, they have initiated various reforms aimed at bringing the country closer to the European Union and boosting growth. Progress has been partial and relies on international backing, with limited domestic appetite for reform.
Topic:: Corruption, Privatization, Foreign Aid, Governance, Reform, European Union, Finance, and Macroeconomics
Political Geography:: Europe and Ukraine

Author:: Maria Demertzis, Marta Dominguez-Jimenez, and Annamaria Lusardi
Publication Date:: 07-2020
Content Type:: Policy Brief
Institution:: Bruegel
Abstract:: The concept of household financial fragility emerged in the United States after the 2007-2008 financial crisis. It grew out of the need to understand whether households’ lack of capacity to face shocks could itself become a source of financial instability.
Topic:: Governance, European Union, Finance, Macroeconomics, and COVID-19
Political Geography:: Europe

Author:: Dirk Schoenmaker
Publication Date:: 07-2020
Content Type:: Working Paper
Institution:: Bruegel
Abstract:: Governments and companies can reinforce each other in their pursuit of sustainable development, which is based on three pillars: economic, social and environmental. An impact economy, in which governments and companies balance profit and impact, is best placed to achieve the United Nations sustainable development goals.
Topic:: Economics, Environment, United Nations, Governance, Sustainable Development Goals, Business, and Private Sector
Political Geography:: Global Focus

Author:: Ben McWilliams, Simone Tagliapietra, and Georg Zachmann
Publication Date:: 07-2020
Content Type:: Policy Brief
Institution:: Bruegel
Abstract:: In the wake of COVID-19, some economic recovery policies will help green the economy – for example, energy renovation of buildings. But there are limits to the share of stimulus that can be explicitly green. The European Union should therefore also green the fiscal consolidation by setting out the path to much higher carbon prices than today. This would guide investment and provide revenues to help the fiscal consolidation.
Topic:: Climate Change, Energy Policy, European Union, Economy, Renewable Energy, and COVID-19
Political Geography:: Europe

Author:: Maria Demertzis, André Sapir, Simone Tagliapietra, and Guntram B. Wolff
Publication Date:: 03-2020
Content Type:: Policy Brief
Institution:: Bruegel
Abstract:: 'Whatever it takes' needs to be the motto to preserve lives and reduce the impact on the economy of the epidemic.
Topic:: Governance, Economy, Central Bank, Macroeconomics, and COVID-19
Political Geography:: Europe

Author:: Zsolt Darvas and Zoltan Schepp
Publication Date:: 04-2020
Content Type:: Working Paper
Institution:: Bruegel
Abstract:: This paper presents unprecedented exchange rate forecasting results based upon a new model which approximates the gap between the fundamental equilibrium exchange rate and the actual exchange rate with the long-maturity forward exchange rate.
Topic:: Economics, Governance, Global Political Economy, and Exchange Rate Policy
Political Geography:: Global Focus

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