# Blog, Interviews

A European approach to fund the coronavirus cost is in the interest of all

This opinion piece was originally published in El País and Corriere della Sera. To reduce the economic fallout from the coronavirus crisis, massive fiscal support will be needed. Without sufficient support, GDP will fall...

6th April 2020 by Guntram Wolff 1162 views

# Interviews

The macroeconomic policy response to the COVID-19 crisis

1st April 2020 by Guntram Wolff 1135 views

# podcast

The macroeconomic policy response to the COVID-19 crisis

From the European Stability Mechanism (ESM) to “coronabonds”, the EU seems to be struggling to find an appropriate mechanism to tackle the economic crisis created by the COVID-19 pandemic. What is really the ...

1st April 2020 by Guntram Wolff 1026 views

# Blog

ESM credit lines, ‘corona-bonds’, Euro-area Treasury, One-off joint expenditures: What are the options for the EU Council?

A version of this piece was also published in French. As the Covid-19 pandemic intensifies and now that Europe has become the epicentre of the pandemic, voices are being raised among EU Member States in support of a comm...

26th March 2020 by Guntram Wolff 3132 views

# podcast

Banks and loan losses in the pandemic turmoil

The current pandemic is shaking the financial system. How can banks react ? Is a consolidation of the financial system in Europe needed in order to respond to this crisis ? Will our economies suffer from this pandemic as...

25th March 2020 by Guntram Wolff 1202 views

# Blog, Interviews

Europe needs a Covid-19 Recovery Programme

Our letter to the FT. The COVID-19 pandemic represents an unprecedented challenge for Europe’s healthcare systems, and a major shock for the continent’s economy. After the initial focus on the immediate crisis response m...

25th March 2020 by Guntram Wolff 2174 views

# Publications

How has the macroeconomic imbalances procedure worked in practice to improve the resilience of the euro area?

This paper shows how the Macroeconomic Imbalances Procedure (MIP) could be streamlined and its underlying conceptual framework clarified. Implementation of the country-specific recommendations is low; their internal cons...

24th March 2020 by Guntram Wolff 1542 views

# Interviews, podcast

Corona-Bonds wären ein Zeichen der Solidarität und Stärke

Mein Interview im Deutschlandfunk...

23rd March 2020 by Guntram Wolff 1006 views

# podcast

From health crisis to economic crisis and now euro area crisis?

my conversation with Jean Pisani-Ferry and Maria Demertzis...

18th March 2020 by Guntram Wolff 1168 views

# Blog

Be bold now: coronavirus, the Eurogroup and fiscal safety nets

This blog post sketches two scenarios: one in which countries provide a large fiscal safety net to companies and another in which they do not. Both lead to similar debt-to-GDP ratios in 2021, but the safety net leads to ...

17th March 2020 by Guntram Wolff 1164 views