Finance

Fiscal policy encompasses the plans and actions of governments and institutions regarding revenue generation, expenditure control, as well as promoting or stabilising economic growth. The Eurozone crisis and its challenges for the EU require an important debate on goals and principles in European economic and fiscal policies.

Here you will find current articles, publications, and thematic focuses on the topic of finance.

Recent Articles on Finance

Coastline with a few villages on the right, sea on the left, sandy beaches, and scattered rocks along the shore.

Europe Must Help Africa Break the Cycle of Debt

Analysis

Unsustainable debt burdens and escalating climate shocks have left African economies with little fiscal space to invest in their future. Without a reform of the global financial system, the continent’s development and Europe’s stability face growing risks.

Nana Akufo-Addo, Ulrich Volz

verschiedene Geldscheine stecken wie Blumensetzlinge mit einer kleinen Schaufel daneben in der Erde.

A Monetary and Economic Order Fit for the Twenty-First Century

Analysis

If the international community is to have a chance of addressing twenty-first-century challenges effectively and equitably, the global economic and financial architecture that was created eight decades ago must be radically reformed. Eight priorities stand out.

Ulrich Volz, Janak Raj, Sarah Ribbert, Kamal Ramburuth, Monica Herz, William Kring

A white building with a red roof with mountains in the background

Bretton Woods Revisited: Creating a Monetary and Economic Order Fit for the 21st Century

Statement

Ahead of the 80th anniversary of the Bretton Woods Conference, together with partner institutions, we propose reforms in eight critical areas of the international economic and financial architecture to reflect the changing global realities and challenges.

Ulrich Volz, Kamal Ramburuth, Janak Raj, Paulo Esteves, William N. Kring, Sarah Ribbert

Hauptquartier der EU-Kommission in Brüssel

Europe before the elections: Questions and consequences for the economy

Interview

Five years after the European Green Deal was launched, Europe's economic strength and security are at stake. What lies ahead for the German and European economy? A conversation with Sandra Parthie and Roderick Kefferpütz.

The Debt Brake Must Not Become a Brake on the Future

Presidents' column

With the floods in northern Germany, the relaxation of the country’s debt brake is back on the agenda. But instead of always returning to the same debates, what is finally needed is sustainable reform. A new study shows what this could look like and sets out the options for financing climate protection over the short term.

Jan Philipp Albrecht

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Thematic Focuses on Finance

COP29: Baku

Several high-rise buildings behind the riverbank with a boat and houses in the foreground, smoke rising between the trees.

COP30: UN Climate Change Conference

The AIIB - A multilateral bank like any other?

All Thematic Focuses on Finance

Publications on Finance

Economy Atlas 2024

Atlas

How can we achieve climate targets while ensuring sustainable and equitable prosperity? This atlas identifies political instruments and solutions for an ecologically oriented social market economy in 19 subject areas.

Skyscrapers and streets in front of wooded mountains, with yellow text above: Public Debt and Resilient Futures in Latin America and the Caribbean

Public Debt and Resilient Futures in Latin America and the Caribbean

Policy Brief

Latin America and the Caribbean stand at a crossroads of escalating debt, intensifying climate shocks, and stalled progress toward the Sustainable Development Goals. A new policy brief analyses the region's debt dynamics.

Ulrich Volz, Maria Fernanda Espinosa, Alex Dryden

Shaping the EU's Financial Architecture for the Future

Policy Paper

The European Union faces the enormous challenge of having to achieve the necessary climate targets it has set itself, while at the same time increasing industrial competitiveness and ensuring public services of general interest. A sustainable European financial architecture based on three pillars is needed to finance these green-social investments at EU level. It is presented in this policy paper.

Dr. Margit Schratzenstaller, Dr. Philipp Heimberger

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