The outlook for two of the euro areaÂ?s best performing economies to date, Ireland and Spain, has darkened dramatically recently amid severe downturns in housing markets. What do these countriesÂ? experiences tell us about the functioning of EMU? BruegelÂ?s new policy brief Â?A Tail of Two...

This policy brief, Juan Delgado and Indhira Santos look at how EU policies should be adjusted to the higher food prices. The brief makes three policy recommendations: innovation in biofuels should be encouraged but biofuels targets should be abandoned as they are expensive and distort...

Juan Delgado explores the degree of â??home bias" in the goods and services markets, and in equity investment, in Europe. He measures home bias against different benchmarks in order to determine whether the single market programme has had an observable impact on reducing home bias in Europe. He...

Contrary to what is generally pictured, this policy brief shows that when considering the export mix, Europe is more vulnerable to carbon pricing schemes than other countries and regions. Europe specialises more than its main global competitors in industries with relatively high carbon...

It is still unclear what a post-Kyoto international regime to tackle climate change will look like. Negotiations on a post-2012 framework are revisiting questions that arose when the Kyoto Protocol was put in place Â? such as how targets can best be shared out, and how the different interests...

Juan Delgado discusses the economic impact of climate change policies. The EU has committed to an ambitious climate change agenda. The challenge facing Europe now is how to meet the targets at a minimum cost and how to allocate the cost in such a way that it has a neutral impact on...

Can EuropeÂ?s nations go alone in their quest for a secure, competitive and environmentally-sustainable energy future? Or will this lead to a dispersion of effort, even to mutually undercutting national policies? If a common energy policy is the way forward, can the EU manage the necessary...

Juan Delgado discusses the economic impact of climate change policies. The EU has committed to an ambitious climate change agenda. The challenge facing Europe now is how to meet the targets at a minimum cost and how to allocate the cost in such a way that it has a neutral impact on...