EU Economic Policy and Architecture after Covid

The original VoxEU debate, created to discuss a relatively narrow question: how to strike the optimal balance between risk sharing and good incentives in reforming the architecture of the euro area, was later broadened in the wake of Covid-19.
It was retired in Autumn 2023.

Moderators

Jean Pisani-Ferry

Senior Fellow Bruegel; Tommaso Padoa-Schioppa chair, in Florence European University Institute; Senior Fellow Peterson Institute for International Economics (PIIE)

Jeromin Zettelmeyer

Director Breugel

Fellow, International Macroeconomics and Finance / RPN Member, European Economic Policy / RPN Member, International Lending and Sovereign Debt

At CEPR, contributing to research and policies on European integration, policy choices and reform strategies has always been key. For three decades, CEPR has promoted and published such work in its series of reports on Monitoring European Integration, Monitoring the European Central Bank and Monitoring the Eurozone (Corsetti et al. 2015, 2016).

More recently, CEPR opened this VoxEU debate to discuss a relatively narrow question: how to strike the optimal balance between risk sharing and good incentives in reforming the architecture of the euro area. We received many good contributions, initially in response to the “7+7” proposal of French and German economists that kicked off the debate (Bénassy-Quéré et al. 2018).

Part of this debate remains relevant, but in the wake of Covid-19, it needed broadening, reflecting the broad agenda covered by CEPR’s Research and Policy Network on European Economic Architecture, established in late 2018, and in particular the transformations that we have witnessed over the period of Covid and its immediate aftermath.

This debate is now retired

Contribute to this debate

With this in mind, we would welcome research-based contributions of the usual VoxEU length (1,000-1,500 words, and never above 2,000) in the following areas:

1. Reform of the fiscal framework (both NGEU and the SGP)

2. Monetary-fiscal interactions

3. Banking and capital markets union

4. Macroeconomics and finance of the green transition

5. Divergence and convergence in the euro area

6. The euro in a changing global environment

7. European public good

8. Macro policies emerging from the pandemic, strategies and sequencing

Please send your submissions to Jean Pisani Ferry ([email protected]) and Jeromin Zettelmeyer ([email protected]), copying Kirsty McNeill ([email protected]).