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Tag Archives: Global Economics & Governance

Backstage: Developing the EU-China relationship amid rising global trade tensions

Bruegel director Guntram Wolff is joined by Alicia García-Herrero, senior fellow at Bruegel, and Zhang Weiwei, director at The China Institute of Fudan University, following up a Bruegel conference focused on the potential for closer economic links between China and the EU. Following a conference at Bruegel, at a critical moment for the global economic system, Bruegel director Guntram Wolff is joined by Zhang Weiwei, director at The China Institute of Fudan University, together with...

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China real estate developers: a grey rhino in the jungle of financial risks

The author assesses the Chinese real estate industry’s liquidity concerns and its leverage, which is estimated to be four times higher than its global peers. Apart from the much-discussed trade war, the difficult financial situation of real estate developers is probably the most obvious grey rhino of the Chinese economy. While the risks have certainly been latent for quite some time, investors seem to have overlooked them. The recent deleveraging campaign has somewhat...

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Director’s Cut: Europe’s migration policy challenge

Immigration is one of the most contentious policy matters currently facing the EU. In this Director’s Cut of ‘The Sound of Economics’ Bruegel director Guntram Wolff welcomes Ana Palacio, member of the Spanish council of state and former foreign affairs minister, as well as Bruegel visiting fellow Elina Ribakova for a constructive discussion as to which approaches will yield the best results. By: The Sound of Economics Date: September 14, 2018 Topic: European Macroeconomics &...

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Deep Focus: How healthcare affects the macroeconomy

In a new podcast series looking specifically at Bruegel research, Zsolt Darvas expounds on the themes of a research paper he has co-written on the macroeconomic implications of healthcare. By: The Sound of Economics Date: August 31, 2018 Topic: European Macroeconomics & Governance Bruegel senior fellow Zsolt Darvas joins Sean Gibson on ‘The Sound of Economics’ to expound on the themes of a Policy Contribution on...

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International trade under attack: what strategy for Europe?

This Policy Contribution analyses the economic consequences of a full-scale trade war. The US position, focusing on bilateral trade imbalances presumably resulting from unbalanced trade policies, is seriously threatening the multilateral trading system. The authors estimate the impact would be damaging for everyone. Though the EU is partly protected by the size of its internal market, it must engage resolutely in a strategy of defence of trade multilateralism. This policy...

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The Turkish Crisis

Financial markets have been very nervous about Turkey for the past few weeks. We review economists’ opinions about the economic, political and geopolitical risks and opportunities of this situation. Jamie Powell and Colby Smith write on FT Alphaville that the Turkey crisis looks like a classic emerging-market meltdown: a rapidly growing economy funded by short-term, dollar-denominated liabilities, fronted by a strongman leader with a penchant for appointing insiders to key government...

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Director’s Cut – The extent of Turkey’s crisis

Bruegel director Guntram Wolff welcomes Brad Setser, senior fellow at the Council on Foreign Relations, and Jean Pisani-Ferry, Mercator senior fellow at Bruegel, to discuss the deterioration of Turkey's economy. By: The Sound of Economics Date: August 24, 2018 Topic: European Macroeconomics & Governance Although a recent souring of relations with the US has provided the immediate prompt for Turkey’s current crisis, the...

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US-China trade war: What’s in it for Europe?

To help evaluate whether the market response is warranted or exaggerated, the author measured the trade impact of additional import tariffs based on standard economic theory, namely two key parameters—the tariff pass-through rate and the price elasticity of demand. The end of multilateralism seems clear, at least for trade. By: Alicia García-Herrero Date: August 23, 2018 Topic: European Macroeconomics & Governance This...

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Is Europe America’s Friend or Foe?

Since Donald Trump took office as US president, a new cottage industry in rational theories of his seemingly irrational behavior has developed. On one issue, however, no amount of theorizing has made sense of Trump: his treatment of America's oldest and most reliable ally. This opinion piece has been published in  Since Donald Trump became US president in January 2017, his conduct has been astonishingly erratic, but his policies have been more consistent than foreseen by most...

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La lunga marcia della Cina sui porti europei

I porti sono una risorsa vitale per l'economia europea: oltre il 70% delle merci che attraversano le frontiere europee viaggiano via mare. L'anno scorso, il presidente della Commissione europea ha proposto di istituire un nuovo meccanismo europeo per la verifica degli investimenti esteri diretti tra le crescenti preoccupazioni sull'acquisizione di infrastrutture europee e attività ritenute strategiche dall'estero. Alla luce di questi sviluppi, riteniamo che sia utile concentrarsi sul...

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