Papers
Macroeconomic policy
The missing macroeconomics of climate action, prepared for Bruegel volume on the macroeconomics of the green transition, March 2022.
Climate policy is macroeconomic policy, and the implications will be significant. Peterson Institute Policy Brief, August 2021. Version française L'écologie a besoin d'une politique macroéconomique, Le Grand Continent, septembre 2021.
Une stratégie économique contingente pour la prochaine phase (avec Olivier Blanchard), Note Le Grand Continent, 6 mai 2021. English Version.
Persistent Covid: Exploring economic implications (with Olivier Blanchard). PIIE, 12 March 2020. Version française, Terra Nova, 16 mars 2020.
When more delivers less: Comparing the US and French Covid-19 responses (with Jérémie Cohen-Setton), PIIE Policy Brief, June 2020)
A new policy toolkit is needed as countries exit COVID-19 lockdowns (with Olivier Blanchard and Thomas Philippon), PIIE Policy Brief, June 2020)
Repair and reconstruct: A recovery initiative (with Agnès Bénassy-Quéré and others, CEPR, 20 April 2020). Version française, Le Monde, 22 avril
Monetisation: Do not panic (with Olivier Blanchard), Vox-EU, 10 April 2020, version française traduite par Martin Anota)
Covid-19 economic crisis: Europe needs more than one instrument (with Agnès Bénassy-Quéré and others, CEPR, 5 April 2020). Version française sur Le Grand Continent, 8 avril
A proposal for a Covid credit line (with Agnès Bénassy-Quéré and others, CEPR, 21 March 2020). Version française sur Telos.eu
Covid-19: Europe needs a catastrophe relief plan (with Agnès Bénassy-Quéré and others, CEPR, 11 March 2020).
Global issues
Global asymmetries strike back, Bruegel Essay, September 2021
New Rules for a New World: A Survival Kit (with George Papaconstantinou). European University Institute, STG Policy Paper, May 2021.
Le retour des asymétries mondiales, Le Grand Continent, 20 octobre 2020
Global collective action: The case for minimalist strategies, Japan Spotlight, July/August 2020
Collective action in a fragmented world, Bruegel Policy Brief 5/2019, September 2019
Can economic multilateralism survive ?, Economic Affairs 39:3-24, February 2019. Also available as Robert Schuman Centre Policy Paper 2019/14, April 2019
Should we give up on global governance?, Bruegel Policy Contribution 17/2018, October
Europe
Enlarging and deepening: giving substance to the European political community, with Franz Mayer, Daniela Schwarzer and Shahin Vallée. Bruegel Policy Contribution 15/2022, September.
Revisiting the EU framework: Economic necessities and legal options, joint report, CEPR Policy Insight, 16 December 2021.
The geopolitical consequences of the European Green Deal (with Mark Leonard, Jeremy Shapiro, Simone Tagliapietra and Guntram Wolff), Bruegel Policy Contribution 4/21, February 2021. Shorter version in Foreign Affairs, 9 February 2021.
Memo to the President of the European Commission, PIIE, 2 December 2020
European recovery funds: strings attached, but not tied up in knots, Bruegel Policy contribution, 27 October 2020
Financing the European Union: New Context, New Responses (with Clemens Fuest), Bruegel Policy Contribution, 11 September 2020
Options to fight off the next European recession: a 4-part PIIE post series: monetary policy, fiscal policy, helicopter money (joint with Olivier Blanchard) and a Green New Deal, December 2019
A primer on developing European public goods (report to Bruno Le Maire and Olaf Scholz, with Clemens Fuest), 3 November 2019
Redefining Europe’s Economic Sovereignty, with Mark Leonard, Elena Ribakova, Jeremy Shapiro and Guntram Wolff, Bruegel, June 2019
One size does not fit all: European integration by differentiation, with Maria Demertzis, André Sapir, Thomas Wieser and Guntram Wolff, Bruegel Policy Brief 3/2018, September
Europe after Brexit: A proposal for a continental partnership, with Norbert Röttgen, André Sapir, Paul Tucker and Guntram Wolff, Bruegel, August 2016.
Euro area reform
Euro area reform: Vox-eu debate page (moderated by Jeromin Zettelmeyer and me)
Pour une refonte du cadre budgétaire européen / Reforming the European fiscal framework (avec Philippe Martin et Xavier Ragot). Note Conseil d'analyse économique, avril 2021. VoxEU post, 26 May 2021
Euro area reform: An anatomy of the debate, CEPR Policy Insight No95, October 2018
Reconciling risk sharing with market discipline: A constructive approach to Eurozone reform, Report by a group of French and German economists, CEPR Policy Insight No91, January 2018
Politique économique française
Une stratégie économique contingente pour la prochaine phase (avec Olivier Blanchard), Note Le Grand Continent, 6 mai 2021. English Version.
Une stratégie économique face à la crise (avec Philippe Martin et Xavier Ragot), note du CAE n°57, juillet 2020
Le grand plan d’investissement, rapport au Premier ministre, septembre 2017
2017-2027 : Enjeux pour une décennie, rapport France Stratégie, octobre 2016
Lignes de faille, rapport France Stratégie, octobre 2016
Rapport 2016 du comité de suivi du CICE, France Stratégie, septembre 2016
Quinze ans de politiques d’innovation en France, France Stratégie, janvier 2016
Reforms, Investment and Growth : An agenda for France, Germany and Europe (with Henrik Enderlein), Report to the French and German Economy Ministers, November 2014. Version française.