RIP Stan Fischer, a wonderful mentor, thinker, leader. Incorruptible, wise, and influential until the end. Unforgettable to all who had the honour of interacting with him.
Jeromin Zettelmeyer
@jzettelmeyer.bsky.social
Director of Bruegel, the Brussels-based economic policy think tank. Re-postings do not imply endorsement!
In this excellent Comment in Nature, @patrickbolton.bsky.social, O. Edenhofer, A. Kleinnijenhuis, J. Rockström & @jzettelmeyer.bsky.social argue that it's in HICs' interest that they provide 0.3% of GDP in grants, conditional on decarbonization in the Global South. www.nature.com/articles/d41...
Why coalitions of wealthy nations should fund others to decarbonize
Failure to agree on global grants to help low- and middle-income countries to achieve net-zero emissions cannot be the end of the story. An urgent solution is needed.
nature.com
I published a short note on the implications of a proposed constitutional amendment in Germany, which includes an 11% of GDP fund for infrastructure and permission to fund most military spending outside the debt brake’s maximum deficit of 0.35% of GDP (Thread, 1/9): www.bruegel.org/analysis/can...
Can Germany afford to take most defence spending out of its debt brake?
Higher German defence spending would be fiscally sustainable, but would require cuts elsewhere and would breach EU fiscal rules
bruegel.org
Thread (1/11). In the last few days, Bruegel published has two pieces on the new European Commission’s policy platform: a policy brief explaining the Commission’s ideas on growth and security and asking whether they make sense in the new Trump world ...(www.bruegel.org/policy-brief...)
Not yet Trump-proof: an evaluation of the European Commission’s emerging policy platform
This policy brief evaluates the capacity of the EU’s economic strategy to address structural problems and whether policy needs to change under Trump
bruegel.org
Can I ask anyone that is following me: are you still posting on X? If not, why not; and if yes, why yes? Thanks!!
In an important new paper, picked up by the FT (www.ft.com/content/6019...) Patrick Bolton and Bruegel fellow Alissa Kleinnijenhuis make the economic case for a New Common Quantified Goal of Climate Finance based on the economic self-interest of advanced countries
COP29: The selfish case for climate finance
New academic paper argues climate-focused grant finance is in rich countries’ economic interest
ft.com