Visiting scholar Xavier Debrun, and Bruegel director Jean Pisani-Ferry contribute to the emerging discussion on reform strategies in the euro area. An earlier version of this note was presented to the Eurogroup Working Group of the Economic Policy Committee of the EU.

Jean Pisani-Ferry and André Sapir call for more focused guidelines in Lisbon 2, an explicit methodology for evaluating National Reform Programmes, and better ownership of these programmes to encourage national debate on key areas of underperformance in member states. This paper, prepared at the...

The reform of euro area governance has been chosen by the heads of state and government in the EU as a topic for immediate discussion and swift decisions. The European Council in Spring 2010 asked president Van Rompuy to chair a task force on euro area governance. The task force is due to...

Überwindugn der Banken- und Finanzkrise: Optionen der Wachstums- bzw. Wirtschaftspolitik -- Rückkehr der Fiskalpolitik - Zu ihrer Effizienz und Effektivität 2008ff -- Herausforderungen an die wirtschaftliche Koordination: Die Auswirkungen der Finanzkrise und Anpassungsnotwendigkeiten in der...

Within the New Consensus Macroeconomics, monetary policy is upgraded while fiscal policy is downgraded. This new monetary policy has been the main instrument of policy under the guise of inflation targeting, an approach pursued by a number of central banks worldwide. This book raises problems...