News Archive

Brexit street sign

EU27 and the UK: Product Dependencies and the Implications of Brexit

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Policy Brief
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The COVID-19 crisis has shown the importance of supply chain diversification to mitigate the negative effect of unexpected supply shocks; the decision of the UK to leave the EU poses additional challenges to foreign trade. Irrespective of the outcome of the Brexit negotiations, trade costs between the UK and the EU will increase as a response to Brexit and cause disruptions in trade relations. In this report, the authors take a detailed look at goods that are dependent on few suppliers and show only a few products are imported solely from the UK, representing a negligible share of imports.

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Blue sky and sunshine

World Economy: What Does the Road to Recovery from COVID-19 Look Like?

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Policy Report
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As the economy and our daily life return to a “new-normal” in the midst of Covid-19, the possibility of a second wave leaves lots of uncertainty about future developments. To understand indications about the impact of the pandemic on economic performance in different countries across the world, we conducted a survey among 950 economic experts in 110 countries. This report gives an overview of the most important results of the survey and compares them in different world regions and countries.

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Italian and European flags

The Covid-19 Crisis, Italy and Ms Merkel’s Turnaround: Will the EU Ever be the Same Again?

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Policy Report
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The functioning of the Eurozone was irreversibly transformed by the European debt crisis and now, as a consequence of the Covid-19 pandemic, a new and even more devastating crisis has hit the EU. German Chancellor Angela Merkel has abandoned her opposition to substantial intercountry transfers and any form of debt mutualization, a turnaround motivated by the exceptional circumstances brought about by the pandemic.

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Euro skyline Brussels

Financing the EU: New Context, New Responses

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Policy Report
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The EU should receive a new source of funding in the form of revenue from the European emissions trading system (ETS), say Clemens Fuest, president of the ifo Institute and speaker for EconPol Europe, and Jean Pisani-Ferry, French economist and the founding director of the Bruegel think tank. Their joint paper was presented to the EU Economic and Financial Affairs Council (ECOFIN) in Berlin on 11 September. In it, they recommend that revenue from the ETS be used to finance the EU fund for economic recovery (Next Generation EU), which was adopted in July.

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European flags

EconPol Europe Annual Conference 2020 | How to Safeguard Sustainable Financing for the EU? | 25-26 November

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EconPol Annual Conference
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The corona pandemic has created a health and economic crisis without modern parallel: as it hit countries ill-prepared and spread quickly within the EU, member states had to adopt more interventionist approaches than ever before – particularly in the areas of fiscal and monetary policy, but also labor markets, redistribution mechanisms, and industrial policy. Finding a compromise as to which measures are suitable to save the Union is the subject of emotional debate.

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