2,346 research outputs found
A comprehensive approach to the euro-area debt crisis. Bruegel Policy Brief 2011/02, February 2011
No full textIn this Policy Brief Zsolt Darvas, André Sapir and Jean Pisani-Ferry propose a comprehensive solution to the current European crisis based in three pillars: a method to reduce the Greek public debt, a plan to restore banking sector soundness and a strategy to foster growth and competitiveness. The paper provides novel estimates and analysis focusing on the current situation of Greece, Spain, Italy and Portugal
Government Size and Output Volatility: Should we foresake automatic Stabilisation? Bruegel Working Papers, 2008/01, April 2008
No full textIn this working paper, Xavier Debrun, Jean Pisani-Ferry and André Sapir explore the relationships between government size and output volatility. Whilst government size contributes to macroeconomic stabilisation, the slow down in output volatility of the 1980s and 90s was due more to a combination of monetary policy improvements and financial developments. That this decline was especially pronounced in small-government countries showed a reduction in the variance of primary income was more important than government transfers and that other channels of stabilisation were available for small-government countries. For most countries in the euro area, the impact of a marginal change in the size of government is bound to be small
The EU and the Governance of Globalisation. Bruegel Working Papers, 2006/02, September 2006
No full textBruegel Scholars Alan Ahearne, Jean Pisani-Ferry, André Sapir and Nicolas Véron contributed this paper to the project Globalisation Challenges for Europe and Finland organised for the secretariat of the Economic Council of Finland. The project is part of Finland's EU presidency programme and its objective is to add momentum to the discussion in the European Union on golbalisation, Europe's competitiveness policy and the Lisbon Strategy
Eight potential roadblocks to smooth EU-China economic relations. Bruegel Third-party Papers, January 2008
No full textIn this chapter for the "Challenges of Globalisation, Imbalances and Growth" published by the Petersen Institute, Jean Pisani-Ferry and André Sapir identify eight different channels through which China’s growth is bound to affect Europe in a distinctive way while European interest in and concern about China remain strikingly less intense than US fascination with it
A European mechanism for sovereign debt crisis resolution: a proposal. Bruegel Blueprint Series, 9 November 2010
No full textThis Bruegel Blueprint argues that Europe should take the lead in defining a solution to the problem of excessive public debts and create a European Crisis Resolution Mechanism (ECRM).The authors, Francois Gianviti, Anne O. Krueger, Jean Pisani-Ferry, Andre Sapir and Jürgen von Hagen, present the rationale for such a mechanism in the euro area and details of how an ECRM would work. The ECRM would be a permanent tool to deal with sovereign debt crises in an effective and predictable way
Local Church Week Pastor Andre Mitchell
No full textPastor Andre Mitchell, Pastor, Author, CEO, Deliverance Temple/Andre Mitchell Ministries, Muncie, IN, speaks on how connecting with other believers is important to your faith for Local Church Week
Boosting innovation in Europe. Bruegel Policy Contribution 2010/06, 28 June 2010
No full textInnovation is key to the future of Europe. This Policy Contribution, written together by Mathias Dewatripont, Bruno van Pottelsberghe, Andre Sapir, and Reinhilde Veugelers, makes suggestions based on three principles: to give primacy to merit-based selection of projects at the European level, to strengthen the single market to make it conducive for research and innovation and to remove barriers that hinder dynamic restructuring. This paper is addressed to the July 2010 informal Competitiveness Council (Research) under the Belgian Presidency
A comprehensive approach to the Euro-area debt crisis: background calculations. Bruegel Working Paper 2011/05, February 2011
No full textHighlights • This background paper describes in detail the assumptions and calculations behind the results presented in Zsolt Darvas, Jean Pisani-Ferry and André Sapir ‘A comprehensive approach to the euro-area debt crisis’, Bruegel Policy Brief No 2011/02, February 2011. An assessment of the results and policy conclusions can be found in the Policy Brief
Two crises, two responses. Bruegel Policy Brief 2010/01, March 2010
No full textThe crisis in Greece presents an extraordinary test for the euro, but also an opportunity to strengthen, and apply more diligently, existing procedures governing the economic and monetary Union. This Policy Brief authored by Bruegel Director Jean Pisani-Ferry, Senior Fellow Andre Sapir and Resident Fellow Benedicta Marzinotto emphasises the need for a more nuanced understanding of the different kinds of crises affecting euro members. Using Spain and Greece as examples, this paper makes policy recommendations for both scenarios. It explains how budgetary surveillance can be strengthened to prevent crises. It says the scope of Article 143 of the Lisbon Treaty should be extended and a clear and predictable conditional assistance regime put in place for effective crises management in the euro area
Prospects for Growth in the Euro Area
No full textWe review the recent performance of the Euro area economy, focusing in detail on the separate roles played by labour input, capital input, and total factor productivity (TFP). After a long period of catching up with US levels of labour productivity, Euro area productivity growth has, since the mid-1990s, fallen significantly behind. We show that this recent divergence has accelerated since 2000, and that this is mainly due to the poor rate of Euro area TFP growth. Based on prevailing trends, we estimate that potential output growth in the Euro area currently may be running as low as 1.5 percent per year. In addition, if TFP growth stays at recent levels, the output growth rate will decline further due to weaker capital deepening. To consider future Euro area prospects for growth, we examine a set of alternative scenarios, each of which posits a potential increase in a determinant of output growth. One of these scenarios focuses on the potential effects of greater labour market deregulation.Growth, Euro Area, TFP
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