The Week That Was in Europe
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The Week That Was in Europe
Every week, we discuss topical economic themes from a European perspective and provide perspective on key macro data news.
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Economic Consequences of Europe’s New Geopolitical Situation, with Moritz Schularick
Join us on as we delve into the economic consequences of Europe's evolving geopolitical landscape with our guest Moritz Schularick, President of the K...

Is Germany’s Industrial Slowdown About to Spiral?
Germany's industrial powerhouse has long been the backbone of Europe’s economy. But after years of steady growth, manufacturing activity has been on a...

Tariffs - What Do They Achieve?
We discuss the effects of tariffs on consumers and producers, drawing on evidence from the tariff war during the first Trump administration.
Th...

Review of the ECB Meeting - January 2025
Join our discussion of the ECB's decisions and communication following its rate setting meeting on January 30, 2025 and learn about the outlook for Eu...

Getting Germany Back on Track - with Clemens Fuest (Ifo Institute)
In this episode, we welcome Clemens Fuest, President of Germany's Ifo Institute, for an in-depth discussion on economic challenges and the urgent refo...

The Role of Innovation for Society, with Prof. Dan Breznitz
Join us as we discuss with Dan Breznitz from the University of Toronto the difference between invention & innovation, the various stages of innovation...

Global Value Chains Under Pressure: What Future for Them? With Gabriel Felbermayr
Join us as we discuss with Professor Gabriel Felbermayr, President of the Austrian Institute of Economic Research, the forces reshaping the intricate...

Outlook on the Political Future in France, with Hadrien Camatte (Natixis)
In this episode, Dirk Schumacher sits down with Hadrien Camatte from Natixis to dive deep into the fallout of the Barnier government’s collapse.
...

The Political Transition in Germany: Economic Challenges
Dive into the turbulent world of German politics as we unpack the dramatic collapse of the ruling coalition and what lies ahead in the upcoming electi...

Will Euro Area Inflation Fall Below the ECB's Target?
In this episode, we explore the inflation outlook for the Euro Area, honing in on whether medium-term inflation could once again fall short of the ECB...

Fiscal Consolidation in Europe: How to Achieve It? With Roel Beetsma (University of Amsterdam)
Join us this week as we tackle a pressing issue facing the Euro Area: fiscal consolidation. With debt-to-GDP ratios near historic highs in many econom...

The Future of Europe's Auto Industry, with Valentin Mory (Natixis)
Join us to dive into the challenges and transitions facing Europe’s car industry. Together with Valentin Mory, mobility expert from Natixis, we explor...

Europe's Growth and Productivity Slowdown Since 2009
Have you ever wondered why Europe's economic growth seems stuck in slow motion?
Join us as we explore the mystery of Europe's lagging economic...

New Insights into the Gains from International Trade, with Andrei Levchenko (University of Michigan)
Join Dirk Schumacher and Klaus Adam on "The Week That Was in Europe" as they welcome Professor Andrei Levchenko, a leading expert on international tra...

Review of the ECB Meeting - September 2024
We provide our perspective on the ECB’s policy meeting: markets expected the ECB's rate cut, the real focus was on the path for interest rates going f...

Germany's Economy: Stuck in Post-Pandemic Limbo?
In this week's episode of The Week That Was in Europe, hosts Dirk Schumacher and Klaus Adam return from their summer break to analyze Germany's econom...

The French Elections Unpacked, with Hadrien Camatte (Natixis)
Today, we dive into the aftermath of the French parliamentary elections – a pivotal event that has captured the attention of financial markets and the...

The Impact of AI on Finance & Central Banks, with Hyun Shin (BIS)
We dive into the transformative world of Artificial Intelligence and its impact on the financial sector and central banks. AI's rapid advancements and...

Euro Area Inflation Expectations, with Ricardo Reis (London School of Economics)
In today's epsiode, we dive deep into the economic dynamics shaping the Eurozone focusing on a critical issue: inflation expectations.
We uncove...

The Return of the State in International Lending, with Christoph Trebesch (Kiel Institute)
In today's episode we dive into the complex world of state-based international lending. Recent years have seen a resurgence in cross-border state lend...

Decoding the European Election Results, with Sophia Russack (CEPS)
Join us today as we delve into the results of the European elections and their far-reaching consequences. We have the pleasure of speaking with Sophia...

Review of the ECB Meeting: June 2024
The ECB has cut rates by 0.25% in its June meeting for the first time in many years. This happened despite forecasts of inflation having been revised...

Europe's Single Market Under Stress – with Roman Arjona (European Commission)
Join us for an insightful discussion with Roman Arjona, Chief Economist at the European Commission’s Directorate-General for Internal Market, Industry...

The ECB Rate Outlook for June & Beyond
Join us as we discuss the outlook for ECB policy rates for the upcoming June policy meeting and thereafter. We put perspective on recent Euro Area gro...

Fiscal Policy Challenges in Germany - with Thiess Buettner
Join our interesting discussion with Prof. Thiess Buettner, Chairman of the Independent Advisory Board of the German Stability Council, about fiscal p...

Risks of a High Debt and High Interest Rate World - with Vitor Gaspar (IMF)
Countries across Europe and the United States have witnessed a significant surge in government debt and interest rates in the aftermath of the Covid-1...

The Neutral Interest Rate: A Moving Target
The neutral rate is relevant for understaning the stance of monetary policy and for the fiscal outlook, as it determines the financing conditions for...

Dark Clouds Over Euro Area Fiscal Policy
We review the fiscal position of France, Germany, Italy and Spain, discuss the need for consolidation and how it could be implemented with minimal har...

Review of the ECB Meeting: April 2024
Provided wage growth moderates and inflation develops as expected, the ECB will start cutting interest rates in June. We discuss the uncertainties aro...

The EU’s Disastrous Carbon Border Adjustment Mechanism (CBAM), with Harald Fadinger
We discuss with Prof. Harald Fadinger (University of Mannheim) how the EU taxes the carbon content of imported goods via its Carbon Border Adjustment...

Overcoming Weak Growth in Germany, with Veronika Grimm
We discuss with Veronika Grimm (German Council of Economic Experts) about lifting Germany's long-run growth potential. We focus on measures that incre...

Review of the ECB Meeting: March 2024
The @ecb is getting close to cutting interest rates: it signaled following it March 7 Governing Council Meeting its readiness to start cutting rates i...

Productivity Developments in France, with Alain Durré (France Stratégie)
We talk about recent trends and future challenges for productivity growth in the French economy. Our guest, Alain Durré, is Head of the Macroeconomic...

How Much of the Decline in Inflation Is Due to ECB Policy?
Euro Area inflation fell like a rock: from the peak of 10.6%, reached in October 2022, it dropped to levels below 3% a year later. We analyze how much...

Optimal Government Debt Dynamics: Lessons from the Literature
We present the main academic insights about how government debt should evolve over time, if the government seeks to maximize social welfare. We discus...

Critical Minerals for Europe: A Conversation With Bernard Dahdah
We talk with Bernard Dadah (Head of Commodity Research, Natixis) about critical minerals. What are these? How big of market do they have? Who mines an...

Macroeconomic Forecasting at the ECB, with Oscar Arce (Director General Economics)
We discuss with the ECB's Director General for Economics Oscar Arce about the Euro Area's macroeconomic outlook, the ECB's past forecast errors, the w...

Review of the ECB Meeting: January 2024
We review the ECB's assessement of the economic situation & the outlook for policy rates going forward.

Is Germany the Sick Man of Europe?
We take stock of Germany's recent underperformance relative to its European peers and analyze its sources. We identify (real) household income dynamic...

Review of the ECB Meeting: December 2023
We review and critically discuss the decisions taken by the ECB after the suprisingly benign November inflation numbers.