The construction of Europe has been a focus area of research and policy at CEPR for decades. In recent years, CEPR researchers have engaged in the debate about the architecture of the euro area and have contributed a number of influential policy proposals. For example, the “Rebooting Europe Project” endeavoured to find a consensus on the underlying causes and possible solutions of the crisis (Baldwin and Giavazzi 2015 and 2016). Two reports on Monitoring the Eurozone (2015 and 2016) made concrete proposals on how to reinforce the euro area construction and finally, CEPR Policy Insight 91 (2018), created an intense debate on how to reconcile risk sharing with market discipline in the euro area. The debate on Euro Area Reform on CEPR's policy portal VoxEU, has now gathered over 30 reactions to this proposal.
The purpose of the new RPN on European Economic Architecture is to become the leading forum for constructive contributions in this area. It is expected that it will become a key source of expertise on policy issues in particular for the euro area, and will help bridge national divisions in views and create a productive debate.
This RPN, established in September 2018 for an initial three year term, is led by Jeromin Zettelmeyer, Dennis Weatherstone Senior Fellow of the Peterson Institute for International Economics and a CEPR Research Fellow. Jeromin was previously Director-General for Economic Policy at the German Federal Ministry for Economic Affairs (2014-2016), Director of Research and Deputy Chief Economist at the EBRD (2008-2014) and Staff Economist at the IMF (1994-2008).