
Europe’s economic outlook: managing short-term shocks is no longer enough
Europe is trapped between immediate economic shocks and slow-burning, long-term structural crises, the Executive Opinion Survey data suggests.
Director of Bruegel since 2022, where his recent work has focused on the EU fiscal framework, public debt sustainability, economic security, and north-south climate finance. Previously, Deputy Director of the Strategy and Policy Review Department of the International Monetary Fund (IMF), Senior Fellow at the Peterson Institute for International Economics, Director-General for Economic Policy at the German Federal Ministry for Economic Affairs; Director of Research and Deputy Chief Economist at the European Bank for Reconstruction and Development, and IMF staff member (1994-2008).
Graduate of from the University of Bonn and MIT (Ph.D, 1995). Research Fellow of the Centre for Economic Policy Research (CEPR), and member of CEPR’s Research and Policy Network on European Economic Architecture.
Europe is trapped between immediate economic shocks and slow-burning, long-term structural crises, the Executive Opinion Survey data suggests.
Following the Great Recession, public finance remains high on the global policy agenda. The expansionary monetary policy and quantitative easing of the major central banks, including the ...
