Agnes benassyquere, markus k brunnermeier, henrik enderlein, emmanuel farhi, marcel fratzscher, clemens fuest, pierreolivier gourinchas, philippe martin, jean pisaniferry, helene rey, isabel schnabel, nicolas veron, beatrice weder di mauro, jeromin zettelmeyer 17 january 2018. Agnes benassyquere, markus k brunnermeier, henrik enderlein, emmanuel. The task facing pisaniferry and enderlein is to create a new reform strategy for europes two largest economies, focusing on structural reforms in france. How to reconcile risk sharing and market discipline in the. A european plan for france and germany henrik enderlein and. With growth barely visible, and dangerously low inflation causing real interest rates to rise, the weight of public and private debt has grown very heavy, and many fear that another lost decade is at hand.
An evaluation of imf surveillance of the euro area, bruegel blueprint volume xiv, 31 october 2011 with jean pisaniferry and andre sapir. Jean pisaniferry born july 28, 1951 is a french economist and public policy. Germany, france tap economists for advice to avoid lost decade. Agnes benassyquere, markus k brunnermeier, henrik enderlein, emmanuel farhi, marcel fratzscher. Download the slides of the presentation market discipline and risk sharing should be viewed as complementary pillars of the euro area financial architecture, rather than as substitutes. Henrik enderlein born september, 1974 is a german economist. The two countries economics ministers recently solicited help from french economist jean pisaniferry and henrik enderlein, both lecturers at the berlinbased hertie school of governance, in. The enderleinpisaniferry 15 report points in this direction, by suggesting using the banking union model to create other forms of sector integration, particularly in the energy and digital economy sectors, but also in the labour market, through better movement of people. The task facing pisaniferry and enderlein is to create a new reform strategy for europes two largest economies, focusing on.
Report to the french minister for the economy, industry and digital affairs and to the german federal minister for economic affairs and energy. The euro area continues to suffer from critical weaknesses that are the result of a poorly designed fiscal and financial architecture, but its members are divided on how to address the problems. There is by now consensus in both political circles see the rome declaration of march 2017 as well as academic ones e. Europeanwide unemployment insurance proposals more bunk. Transatlantic economic challenges in an era of growing multipolarity, peterson institute for international economics special report 22, edited by jacob funk kirkegaard, nicolas veron and guntram b. Browsing rscas policy papers by issue date jump to a point in the index. Policy briefs, reports, working papers and chapters in books. His research focuses on international financial markets and the macroeconomy with special emphasis on bubbles, liquidity, financial and. Jean pisaniferry is a professor of economics with sciences po paris and the hertie school of governance in berlin, and since october 2017 he holds the tommaso padoaschioppa chair of the european university institute in florence. Paris and berlin may yet act on recommendations by the economists jean pisaniferry and henrik enderlein as the basis of a grand bargain in which france would agree to. Enderlein is a published author of childrens books. Henrik enderlein, economist at germanys hertie school of governance, and jean pisani ferry of frances government think tank france strategie said much lip service was being paid to ambitious. Henrik enderlein is professor of political economy at the hertie school of governance and director of the jacques delors institut berlin. Jean pisaniferry is a professor at the hertie school of governance in berlin and currently serves as the french governments commissionergeneral for policy planning.
Jean pisaniferry holds the tommaso padoa schioppa chair of the european university institute in florence and is a senior fellow at bruegel, the european think tank. Jean pisaniferry eui, bruegel, hertie school of governance and sciences po, henrik enderlein hertie school of governance and jacques delors institute berlin and jeromin zettelmeyer peterson institute for international economics discuss a proposal for euro area reform formulated by a group of independent french and german economists. Online seminar with jean pisaniferry, henrik enderlein, jeromin zettelmeyer. Warning that europe risks a stagnation trap, leading french and german economists have proposed reforms and investments to revive growth in the eurozone. An agenda for france, germany and europe with henrik enderlein, report to the french and german economy ministers, november 2014. Europe is losing relevance internally and externally, said the report, written by jean pisaniferry, a french economist, and henrik enderlein, a german economist. His most recent book the euro crisis and its aftermath oxford.
He is also a professor of economics with sciences po paris and the hertie school of governance berlin. Looking at six main elements of the modeltrade, finance, enterprise, innovation, labor, and government, we concluded, overall, that europes growth model had worked well during the previous 50 years. Alongside the settingup of a crisis management regime and the creation of a banking union, the strengthening of economic governance has been a major pillar of the european unions response to the eurozone crisis. In early 2012, the world bank issued a report on europes growth model gill and raiser 2012. Sanford professor in the economics department at princeton university and director of princetons bendheim center for finance. Henrik enderlein and jean pisaniferry, author at social europe. Jan 17, 2018 how to reconcile risk sharing and market discipline in the euro area. Alongside the settingup of a crisis management regime and the creation of a banking union, the strengthening of economic governance has been a major pillar. Germany and france aim to avoid lost decade by alderman. Online seminar a frenchgerman vision on euro area reform. Eu stagnation trap vexes french, german economists the.
This oped was published on wednesday, in french by le monde and in german by frankfurter allgemeine zeitung. Jean pisani ferry holds the tommaso padoa schioppa chair of the european university institute in florence and is a senior fellow at bruegel, the european think tank. Sep 27, 2017 germany should accept more risk sharingand france more market discipline. The time to act is now enderlein reinforced the austerity narrative. Nov 25, 2014 paris and berlin may yet act on recommendations by the economists jean pisani ferry and henrik enderlein as the basis of a grand bargain in which france would agree to deeper economic changes if. Henrik enderlein is a professor at the hertie school of governance and director of the jacques delors institute in berlin. Sep 29, 2017 this oped was published on wednesday, in french by le monde and in german by frankfurter allgemeine zeitung. Germany should accept more risk sharingand france more market discipline. The known unknowns and the unknown unknowns of the emu, policy contributions 756, bruegel.
The enderlein pisani ferry 15 report points in this direction, by suggesting using the banking union model to create other forms of sector integration, particularly in the energy and digital economy sectors, but also in the labour market, through better movement of people. Choose year 2020 2019 2018 2017 2016 2015 2014 20 2012 2011 2010 2005 2000 1995 1990 1980 1970 1960 1950 1940 1930. Tommaso padoaschioppa chair european university institute. The economic report was drawn up by henrik enderlein, head of the jacques delors institute in berlin, and jean pisaniferry, the chief of the france strategy. Report to the french minister for the economy, industry and digital affairs, emmanuel macron, and to the german federal minister for economic affairs and energy, sigmar gabriel. Berlin, 27 november 2014 henrik enderlein and jean pisaniferry, both professors at hertie school, submitted their report reforms, investment and growth. An agenda for france, germany and europe with henrik enderlein, report to. Summit unlikely to do enough for economy the new york. The known unknowns and unknown unknowns of european monetary union, journal of international money and finance, elsevier, vol.
The economic report was drawn up by henrik enderlein, head of the jacques delors institute in berlin, and jean pisani ferry, the chief of the france strategy. Markus k brunnermeier, henrik enderlein, emmanuel farhi, marcel fratzscher. Jean pisani ferry eui, bruegel, hertie school of governance and sciences po, henrik enderlein hertie school of governance and jacques delors institute berlin and jeromin zettelmeyer peterson institute for international economics discuss a proposal for euro area reform formulated by a group of independent french and german economists. There is a cacophony of emu reform proposals ranging from official blueprints juncker et al. The english version was republished by bruegel and the peterson institute. Brunnermeier has been a nonresident senior fellow at the peterson institute since february 2020 and is the edwards s. Jean pisani ferry is a professor of economics with sciences po paris and the hertie school of governance in berlin, and since october 2017 he holds the tommaso padoaschioppa chair of the european university institute in florence. Henrik enderlein, economist at germanys hertie school of governance, and jean pisaniferry of frances government think tank france strategie said much lip service was being paid to ambitious. Henrik enderlein and jean pisaniferry, author at social. Nov 28, 2014 germany and france aim to avert a lost decade. Enderlein and pisaniferry submit report on reforms.
Contentsforewordintroductionjean pisaniferry and jeromin. Rebalancing the governance of the euro area oxford scholarship. Berlin, 27 november 2014 henrik enderlein and jean pisani ferry, both professors at hertie school, submitted their report reforms, investment and growth. Pisaniferry, j, vihriala and g wolff 20 options for a euroarea fiscal capacity, bruegel policy contribution, 201. Sapir, a, p aghion, p bertola, m hellwig, j pisaniferry, d rosati, j vinals, h wallace with m buti, m nava and p m smith 2004 an agenda for a growing europe. Online seminar with jean pisani ferry, henrik enderlein, jeromin zettelmeyer. The euro crisis, the steps taken to manage it, and the resulting transformations have triggered a necessary process of reconsidering economic governance in the european union. Enderlein and pisaniferry submit report on reforms, investment and. Germany and europe with jean pisaniferry, a report commissioned by the ministers for. Jean pisaniferry, jeromin zettelmeyer 18 june 2019. He has also taught at harvard university pierre keller visiting professor of public policy at kennedy school of government and the weatherhead center for international affairs, 2012 and duke university fulbright distinguished chair, 20062007. The friendly proprietor of fords allweather ferry floated pioneers acr. In the wake of the euro crisis, the european union has been transformed in many ways. France and germany cannot resign themselves to this state of affairs.
A recent francogerman report, cowritten by jean pisaniferry, head of the governments economicstrategy unit, and henrik enderlein, a german economist, concludes of france. The task facing pisaniferry and enderlein is to create a new reform strategy for europes two largest economies, focusing on structural reforms in france and increased investment in germany. In midoctober, the two experts had been commissioned by the german and the french governments to prepare proposals. Reconciling the external imperatives of deeper integration and a growthboosting economic policy in a highly intertwined monetary union with the internal constraints imposed by a deepseated culture of stability and crucial domestic veto players is the true challenge for chancellor merkels analytical stepbystep policy approach. Germany and france aim to avert a lost decade the new. Economists call for reforms in france, investment in germany.
An agenda for france, germany and europe to ministers sigmar gabriel and emmanuel macron. Enderlein include birthdays around the world, celebrating birthdays in australia birthdays around the world, celebrating birthdays in brazil birthdays around the world. A critical retrospective on the debate over the economic governance of the euro area article in jcms journal of common market studies 4411. Despite reforms during the crisis, emu remains in the middle of the river. In 2014, he coauthored reforms and investment and growth. A resilient euro needs francogerman compromise by agnes benassyquere ecole deconomie. An agenda for france, germany and europe with jean pisaniferry, a report commissioned by the ministers for economic affairs emmanuel macron of france and sigmar gabriel of germany. Jean pisani ferry is a professor at the hertie school of governance in berlin and currently serves as the french governments commissionergeneral for policy planning. How to reconcile risk sharing and market discipline in the euro area. Report to the french minister for the economy, industry and digital affairs, emmanuel macron, and to the german federal minister for. Looking at six main elements of the modeltrade, finance, enterprise, innovation, labor, and government, we concluded, overall, that europes growth model had. Jean pisaniferry, tommaso padoaschioppa chair holder. Germany should accept more risk sharingand france more.
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