Werner Roeger analyses the economic and budgetary implications of current demographic projections for Europe and the US over the next 50 years, within the framework of a multi-country dynamic general equilibrium model. Roeger evaluates the labour supply implications of demographic changes and,...

This policy brief discusses the risks of deflation for the European economy. It critically evaluates the European economic governance for not having averted this risk and discusses how a more coordinated approach to both fiscal policy and collective wage bargaining, both aiming at national...

This work examines the impacts which the Covid-19 pandemic brought to the stability of the European financial sector. Lockdowns, businesses unable to operate and uncertainty about how the pandemic would evolve fueled a sharp recession. From the lessons learned in the global financial crises and...