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EU Economic Policy and Architecture after Covid

The original VoxEU debate, created to discuss a relatively narrow question: how to strike the optimal balance between risk sharing and good incentives in reforming the architecture of the euro area, was later broadened in the wake of Covid-19.
It was retired in Autumn 2023.

Moderators

Jean Pisani-Ferry

Senior Fellow Bruegel; Non-resident Senior Fellow Peterson Institute for International Economics (PIIE)

RPN Associate Fellow, European Economic Policy / Distinguished Fellow / CEPR Special Advisor / Advisory Group Member / RPN Member, European Economic Policy

At CEPR, contributing to research and policies on European integration, policy choices and reform strategies has always been key. For three decades, CEPR has promoted and published such work in its series of reports on Monitoring European Integration, Monitoring the European Central Bank and Monitoring the Eurozone (Corsetti et al. 2015, 2016).

More recently, CEPR opened this VoxEU debate to discuss a relatively narrow question: how to strike the optimal balance between risk sharing and good incentives in reforming the architecture of the euro area. We received many good contributions, initially in response to the "7+7" proposal of French and German economists that kicked off the debate (Bénassy-Quéré et al. 2018).

Part of this debate remains relevant, but in the wake of Covid-19, it needed broadening, reflecting the broad agenda covered by CEPR’s Research and Policy Network on European Economic Architecture, established in late 2018, and in particular the transformations that we have witnessed over the period of Covid and its immediate aftermath.

This debate is now retired

With this in mind, we would welcome research-based contributions of the usual VoxEU length (1,000-1,500 words, and never above 2,000) in the following areas:

1. Reform of the fiscal framework (both NGEU and the SGP)

2. Monetary-fiscal interactions

3. Banking and capital markets union

4. Macroeconomics and finance of the green transition

5. Divergence and convergence in the euro area

6. The euro in a changing global environment

7. European public good

8. Macro policies emerging from the pandemic, strategies and sequencing


Please send your submissions to Jean Pisani Ferry ([email protected]) and Jeromin Zettelmeyer ([email protected]), copying Kirsty McNeill ([email protected]).


Latest Contributions

Banner image for Vox debate on EU reform
VoxEU Column

On the Commission’s orientations for a revised economic governance in the EU

    ![](../../../../../../../../../../var/folders/34/zq18d8kx7kbgby0j06p_j6t40000gn/T/TemporaryItems/NSIRD_screencaptureui_EM2XPo/Screenshot 2022年01月04日 at 17.01.16.png)
  • EU institutions
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  • EU policies
Euro area reform banner
VoxEU Column

Why we need to reform the EU fiscal framework now

    ![](../../../../../../../../../../var/folders/34/zq18d8kx7kbgby0j06p_j6t40000gn/T/TemporaryItems/NSIRD_screencaptureui_EM2XPo/Screenshot 2022年01月04日 at 17.01.16.png)
  • EU policies
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  • Macroeconomic policy

Listing

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VoxEU Column

Revising the European fiscal framework, part 1: Rules

    ![](../../../../../../../../../../var/folders/34/zq18d8kx7kbgby0j06p_j6t40000gn/T/TemporaryItems/NSIRD_screencaptureui_EM2XPo/Screenshot 2022年01月04日 at 17.01.16.png)
  • Macroeconomic policy
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  • EU policies
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VoxEU Column

Combining environmental and fiscal sustainability: A new climate facility, an expenditure rule, and an independent fiscal agency

    ![](../../../../../../../../../../var/folders/34/zq18d8kx7kbgby0j06p_j6t40000gn/T/TemporaryItems/NSIRD_screencaptureui_EM2XPo/Screenshot 2022年01月04日 at 17.01.16.png)
  • Environment
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  • EU institutions
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VoxEU Column

Reforming the EU macroeconomic policy system: Economic requirements and legal conditions

    ![](../../../../../../../../../../var/folders/34/zq18d8kx7kbgby0j06p_j6t40000gn/T/TemporaryItems/NSIRD_screencaptureui_EM2XPo/Screenshot 2022年01月04日 at 17.01.16.png)
  • EU institutions
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  • EU policies
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VoxEU Column

The need for better fiscal rules in Europe

    ![](../../../../../../../../../../var/folders/34/zq18d8kx7kbgby0j06p_j6t40000gn/T/TemporaryItems/NSIRD_screencaptureui_EM2XPo/Screenshot 2022年01月04日 at 17.01.16.png)
  • Macroeconomic policy
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  • EU institutions
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  • EU policies
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VoxEU Column

The emerging fiscal union needs a solid foundation

    ![](../../../../../../../../../../var/folders/34/zq18d8kx7kbgby0j06p_j6t40000gn/T/TemporaryItems/NSIRD_screencaptureui_EM2XPo/Screenshot 2022年01月04日 at 17.01.16.png)
  • COVID-19
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  • EU institutions
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VoxEU Column

A new template for the European fiscal framework

    ![](../../../../../../../../../../var/folders/34/zq18d8kx7kbgby0j06p_j6t40000gn/T/TemporaryItems/NSIRD_screencaptureui_EM2XPo/Screenshot 2022年01月04日 at 17.01.16.png)
  • EU institutions
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  • EU policies
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VoxEU Column

Ditch the EU’s fiscal rules; develop fiscal standards instead

    ![](../../../../../../../../../../var/folders/34/zq18d8kx7kbgby0j06p_j6t40000gn/T/TemporaryItems/NSIRD_screencaptureui_EM2XPo/Screenshot 2022年01月04日 at 17.01.16.png)
  • EU institutions
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  • EU policies
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VoxEU Column

EU economic policy and architecture after Covid: Rebooting the debate on the EU reform roadmap

    ![](../../../../../../../../../../var/folders/34/zq18d8kx7kbgby0j06p_j6t40000gn/T/TemporaryItems/NSIRD_screencaptureui_EM2XPo/Screenshot 2022年01月04日 at 17.01.16.png)
  • EU institutions
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  • EU policies
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VoxEU Column

COVID-19: A euro area safe asset and fiscal capacity are needed now

    ![](../../../../../../../../../../var/folders/34/zq18d8kx7kbgby0j06p_j6t40000gn/T/TemporaryItems/NSIRD_screencaptureui_EM2XPo/Screenshot 2022年01月04日 at 17.01.16.png)
  • COVID-19
  • ![](../../../../../../../../../../var/folders/34/zq18d8kx7kbgby0j06p_j6t40000gn/T/TemporaryItems/NSIRD_screencaptureui_EM2XPo/Screenshot 2022年01月04日 at 17.01.16.png)
  • EU institutions
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  • EU policies
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VoxEU Column

A digital euro to save EMU

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  • Monetary Policy
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  • EU policies
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VoxEU Column

Pragmatism with a long-term vision should prevail in euro reform

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  • Europe's nations and regions
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  • EU institutions
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  • EU policies

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