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The Coronavirus outbreak presents a major challenge to the entire European Union and solidarity is an important part of the response to this unprecedented crisis.Cohesion Policy funding is playing a central role in the EU's Coronavirus Response Investment Initiative, which aims to mobilise cohesion policy to flexibly respond to the rapidly emerging…
 
The question whether trade policy instruments are fit for coping with the rise of state capitalism and a new dimension of state subsidies has already been discussed intensively in trade policy debates. Whether in this context competition law might also need to be updated and whether this should encompass new instruments are less debated questions w…
 
The question whether trade policy instruments are fit for coping with the rise of state capitalism and a new dimension of state subsidies has already been discussed intensively in trade policy debates. Whether in this context competition law might also need to be updated and whether this should encompass new instruments are less debated questions w…
 
Border Carbon Adjustment (BCA) is justifiably one of top priorities of the European Commission. With a ten-year deadline to drastically lower the GHG emissions, the Commission is planning to test the new measures already later this year, potentially starting with the industries producing steel, cement, and aluminum.Inevitably, there is a lot of neg…
 
After 8 years, the European Banking Union has not achieved its two stated objectives: breaking future contagion between banks and sovereigns, and creating a true single market for banks.The aim of this event was to discuss possible solutions to revive the Banking Union. More specifically, Luis Garicano argued in his presentation for the empowerment…
 
At this event, the Group CEO of Generali, Philippe Donnet and Guntram Wolff, Director of Bruegel discussed the general state of the financial services industry. In addition, the conversation addressed many topical developments.What is the impact of operating in a low interest rate environment? Should we take a new look at the capital requirements i…
 
At this event various aspects of the EU taxation policy were discussed such as the closing of the EU VAT gap, closer cooperation between Member States’ tax administrations, introducing a digital tax, and cracking down on tax paradises.These discussions were kicked off by a speech by Tadeusz Kościński, the Polish Minister of Finance. He referred to …
 
Although AI brings forth a wide array of possibilities, it raises many questions. Will AI systems substitute workers? Does AI increase inequality and job polarisation? Will the overall quality of work decrease? What are the recommended policy actions to minimise the associated concerns for workers?Technological development and digitalisation have m…
 
This event is part of the "Why Think Tanks Matter" annual forum.What is the added value of think tanks? What is the role of new competitors, such as law firms, advocacy groups, PR firms and non-traditional media sources, in transforming policy research and advisory? What is the impact of increased fragmentation, polarization of politics and changes…
 
Should Sweden join the European banking union? The Swedish government asked themselves the same question and commissioned an independent inquiry into the advantages, disadvantages and risks associated with participating in or remaining outside the banking union.At this event, the head of the commissioned committee, Fredrik Bystedt, presented the re…
 
Bruegel and the Wellcome Trust have completed an ambitious simulated negotiation for a post-Brexit agreement on research and innovation. At this event, we will publish the project report, which tells the story of the negotiation process and makes clear recommendations for the UK Government and EU institutions on how best to tackle the EU-UK future …
 
At this event the state of health in the EU and the digitalisation of it was discussed. The first session consisted of an overview of the general state of health in the EU.In the second session the speakers considered the digital transformation in the industry, as part of a broader, comprehensive health promotion and disease prevention strategy. In…
 
At this event the state of health in the EU and the digitalisation of it was discussed. The first session consisted of an overview of the general state of health in the EU.In the second session the speakers considered the digital transformation in the industry, as part of a broader, comprehensive health promotion and disease prevention strategy. In…
 
The welfare contributions of the digital economy, characterised by the proliferation of new and free goods, are not well-measured in our current national accounts. In this event, we discussed how we can measure the value and contribution of free online goods offered by digital platforms that are not captured in macroeconomic variables like GDP. Avi…
 
- Due to technical difficulties, there is no audio from 1:13-2:44 -Thomas Philippon presented his thesis on market concentration. He explained the reasons behind the rising corporate market power in the US and drew conclusions of the implications of this empirical finding on consumers, innovation, the functioning of markets and the economy as a who…
 
This Bruegel public event was organised in the framework of MICROPROD, a research project that aims to improve our understanding of productivity, its drivers and the way we measure it. Panellists and participants took stock of the current challenges in productivity measurement, discussed the preliminary findings of the project and reflect on future…
 
Are large differences in the resilience of individual economies related to differences in the quality of country-level institutions that shape the absorption and response to these shocks? At this event we'll discuss the evolution of labour markets, and the role of institutional design and good process.…
 
This event will assess the progress the EU has made with the convergence of national insolvency rules, and why progress in this area remains essential in achieving financial integration in euro area, and in further work on the EU capital markets union. This also relates to the broader discussion of how stronger insolvency rules can foster more rapi…
 
This year’s EU-Japan conference, jointly organised by Bruegel and The Graduate Institute, Kobe University, will discuss Competition policy in the era of Artificial Intelligence.The conference will discuss the challenges brought by the economic impact of AI, with particular focus on the impact on competition as well as related policy challenges and …
 
This year’s EU-Japan conference, jointly organised by Bruegel and The Graduate Institute, Kobe University, will discuss Competition policy in the era of Artificial Intelligence.The conference will discuss the challenges brought by the economic impact of AI, with particular focus on the impact on competition as well as related policy challenges and …
 
This event discussed the quality of public finance. There is evidence that improving the composition of public finance can improve growth and reduce equality. Would focusing on the quality of fiscal expenses and revenues rather than the budget deficit, be appropriate?Speakers:Chair: Maria Demertzis, Deputy DirectorBoris Cournede, Deputy Head of Div…
 
The provision of financial services is profoundly changing worldwide – so much so that many commentators are predicting the death of banking as we know it. The threat of banks’ extinction is not new; it’s been heralded many times in the past. For centuries, as banks have expanded and evolved, they have faced competition from other types of financia…
 
This is a session that Bruegel organised at the World Trade Organization (WTO) Public Forum in Geneva.The participation of China in the WTO has been anything but smooth. Its self-proclaimed “socialist market economy” system has alienated its trading partners.Two diametrically opposite approaches (and a few variations of them) have been proposed to …
 
On 11 September we were honoured to welcome S. Iswaran, Singapore’s Minister for Communications and Information and Minister-in-charge of Trade Relations who engaged in a conversation with Cecilia Malmström, European Commissioner for Trade. They discussed EU-Singapore relations in the context of the wider region and times of global upheaval.The EU …
 
While the euro area has emerged from its deep economic crisis and interest rates are at historically low levels, multiple challenges remain. How complete is Europe’s monetary union? Do the available tools to prevent and correct fiscal, financial and macroeconomic imbalances reflect a reasonable compromise between first-best solutions and political …
 
What’s the EU’s offer to Africa? No region is more vulnerable to current global challenges than Africa, with negative spill-overs for the EU. Simultaneously, Africa offers opportunities for investment and trade – a fact well recognised by other global actors. What can the EU’s new leadership offer Africa? And what does Africa expect from its neighb…
 
America and China are engaged in an economic geopolitical struggle for supremacy. This is a threat to the multilateral system the European Union has relied on for nearly seven decades and to the EU’s separation of external economic relationships from geopolitics. What can the EU’s incoming leadership do to protect Europe’s economic autonomy?…
 
The shift to digitalised services is triggering a profound transformation in the nature of work. Will increasing use of AI, machine learning, robots and big data lead to massive unemployment? How are non-traditional workers and the self-employed (such as drivers for ride-hailing services) to obtain health insurance and pensions? What role should pu…
 
All too often trade is claimed to be the cause of, or a solution to, all the world’s problems. But these assertions are frequently based on outmoded concepts or plain misunderstandings, willful or otherwise.Reflecting on current developments, EU Commissioner for Trade Cecilia Malmström speaks about the importance of evidence-based policymaking in i…
 
When the last Commission took office in 2014, Europe was consumed by the eurozone crisis. Today, the incoming leadership must decide how to deal with a variety of issues. There is the US-China trade war, climate change & biodiversity, cohesion in the EU and the euro area, but also the role of the Commission as a political and/or technocratic instit…
 
Abstract Digital technologies are expected to be the drivers of growth, but evidence of significant productivity boosts is scant. Also, many people fear digitalisation will lead to more polarised economic structures. What corporate strategies and public policy support are needed to turn the potential of digital technologies into opportunities for s…
 
Abstract Putting a price on carbon has - for good economic reasons - become an undisputed policy proposal. But in reality, many economic activities (e.g., heating or transportation) are still not covered by such a price in many countries and existing carbon prices (e.g., in the EU Emission Trading System) are considered insufficient to drastically …
 
Europe’s trade policy agenda for the next 5 years promises to be challenging. With the US and China engaged in an escalating trade war, the US threatening to impose additional tariffs on cars and China continuing to promote national champions, global trade and the world trading system are increasingly under severe threat, with direct consequences f…
 
Eurozone finance ministers have announced after their June meeting a newly-proposed Eurozone budget. One product of the negotiations is the Budgetary Instrument for Convergence and Competitiveness (BICC), designed to act as a tool for the budget and to be implemented by 2021. However, the ministers were unable to decide on details like the budget's…
 
Payments, in the EU as in the rest of the world, are increasingly being disrupted by new technologies, new business models, and new service providers. What challenges does this shift imply for EU financial services policy?This event featured a conversation concerning new developments of tech-enabled payment processes and their consequences on Europ…
 
Bruegel was excited to host this event where speakers and experts from a variety of fields discussed the evolving party alignments in the European Union. The results of the May 2019 European Parliament election have highlighted the rise of liberal-centrist, green and nativist parties, and a relative decline of the traditionally dominant centre-left…
 
In recent times, China’s presence in Africa has steadily been on the rise. One of the key channels in which China is influencing Africa’s economy is investment, particularly through its Belt and Road Initiative. Europe has traditionally been the largest investor in Africa, and the rise of Chinese investments is challenging the status quo.…
 
At this event we will looked at how small and medium-sized enterprises' (SMEs) financial inclusion is at the core of the economic diversification, growth, and job creation challenges many countries are facing.This event featured the presentation of Financial inclusion of SMEs in the Middle East and Central Asia, a recent paper by the IMF, which dis…
 
Bruegel, the Centre for Economic Policy Research, and the European Center for Advanced Research in Economics and Statistics co-hosted this event about the aftermath of the 2008 economic crisis. The legacy of the crisis is stronger and better capitalized banks, as well as regulators and supervisors with increased clout who pay more attention to syst…
 
Bruegel was happy to host a discussion about the following issues: the completion of a Monetary Union in an evolving international community, a European monetary policy and financial system, and lessons learned through the past year in the European economy.This event featured the presentation of the Euro Yearbook 2018, where the authors set out to …
 
Major differences in economic resilience—an economy’s ability to withstand and adjust to shocks—persist across the euro area. This reflects in part the lack of independent nominal exchange rates, and the consequent greater reliance on other mechanisms to adjust to shocks. Greater risk sharing and integration within the euro area would help soften e…
 
During this event, European Commissioner for Trade Cecilia Malmström joined Bruegel Senior Fellow André Sapir for a conversation centered around trade policy. As one Commission reaches the end of its term, the EU finds itself entering a new chapter of policymaking and priorities. With the European elections, and the formation of a new administratio…
 
The EU-LAC Economic Forum was established in 2016 as a high level gathering for in-depth research-based exchanges on economic issues between European, Latin American and Caribbean (LAC) policy makers and experts.This year’s edition featured three public sessions addressing strategic topics such as the future of regional integration, the 5G challeng…
 
The EU-LAC Economic Forum was established in 2016 as a high level gathering for in-depth research-based exchanges on economic issues between European, Latin American and Caribbean (LAC) policy makers and experts.This year’s edition featured three public sessions addressing strategic topics such as the future of regional integration, the 5G challeng…
 
The EU-LAC Economic Forum was established in 2016 as a high level gathering for in-depth research-based exchanges on economic issues between European, Latin American and Caribbean (LAC) policy makers and experts.This year’s edition featured three public sessions addressing strategic topics such as the future of regional integration, the 5G challeng…
 
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