Bruegel
Encyclopedia
Bruegel is an independent economic
think tank
, based in Brussels. It focuses on economic policy. Bruegel's governance and funding model relies on memberships from Member States of the European Union, international corporations, and other institutions.
is Bruegel's Director, appointed in January 2005. The Deputy Director assists the Director in his task. Guntram Wolff
has been appointed the first deputy director in June 2011.
The organisation has a board, which decides on strategy and adopts the research programme and budget, but does not bear responsibility for research results‚ which remains with individual researchers under the editorial oversight of the Director. The board is elected by the members and consists of 11 individuals with backgrounds in government, business, academia and civil society. It appoints the director, deputy director and senior staff. Mario Monti
, who was Bruegel's first chairman from 2005 to 2008, is now it's honorary president.
A review of the impact and relevance of Bruegel's activities between 2007 and 2009 has been compiled and released in 2010 by an independent review task force chaired by former European Parliament member
Ieke Van Den Burg
. The report makes recommendations for research, governance, and strategy.
Bruegel has been described as "influential".
in London, CESifo
in Munich, ICRIER in New Delhi, IfW
in Kiel, KIEP
in Seoul, and the Peterson Institute in Washington DC.
and German Chancellor Gerhard Schröder
at the 40th anniversary of the Elysée Treaty
in January 2003. Former European Commissioner Mario Monti
and economists Jean Pisani-Ferry
and Nicolas Véron
were instrumental in Bruegel's creation. Bruegel was legally formed in August 2004 and started operations in 2005.
Bruegel's name is a tribute to Pieter Bruegel, the 16th-century painter whose work epitomizes unvarnished and innovative depictions of life in Europe. It can also be read as a reference to a "Brussels European and Global Economic Laboratory", even though Bruegel does not consider its name to be an acronym.
Economy
An economy consists of the economic system of a country or other area; the labor, capital and land resources; and the manufacturing, trade, distribution, and consumption of goods and services of that area...
think tank
Think tank
A think tank is an organization that conducts research and engages in advocacy in areas such as social policy, political strategy, economics, military, and technology issues. Most think tanks are non-profit organizations, which some countries such as the United States and Canada provide with tax...
, based in Brussels. It focuses on economic policy. Bruegel's governance and funding model relies on memberships from Member States of the European Union, international corporations, and other institutions.
Organisation
Bruegel's staff comprises a core fellowship of top researchers from around the world, resident and non-resident, plus a team of operational staff. The Director manages Bruegel and represents it externally. Jean Pisani-FerryJean Pisani-Ferry
Jean Pisani-Ferry is a French economist and public policy expert. He is currently Director of Bruegel, the Brussels-based economic think tank...
is Bruegel's Director, appointed in January 2005. The Deputy Director assists the Director in his task. Guntram Wolff
Guntram Wolff
Guntram Wolff is as a German economist. He is the deputy director of Bruegel, the European think tank contributing to the quality of European economic policy making....
has been appointed the first deputy director in June 2011.
The organisation has a board, which decides on strategy and adopts the research programme and budget, but does not bear responsibility for research results‚ which remains with individual researchers under the editorial oversight of the Director. The board is elected by the members and consists of 11 individuals with backgrounds in government, business, academia and civil society. It appoints the director, deputy director and senior staff. Mario Monti
Mario Monti
Mario Monti is an Italian economist and academic who is Prime Minister of Italy, as well as Minister of Economy and Finance, since November 2011. Monti served as a European Commissioner from 1995 to 2004, with responsibility for the Internal Market, Services, Customs and Taxation from 1995 to 1999...
, who was Bruegel's first chairman from 2005 to 2008, is now it's honorary president.
Scientific council and evaluation
Bruegel has a scientific council, which advises it and its board on future research needs and provides ex post feedback and evaluation on Bruegel's research. It consists of 8 individuals recognised internationally in the academic world.A review of the impact and relevance of Bruegel's activities between 2007 and 2009 has been compiled and released in 2010 by an independent review task force chaired by former European Parliament member
European Parliament
The European Parliament is the directly elected parliamentary institution of the European Union . Together with the Council of the European Union and the Commission, it exercises the legislative function of the EU and it has been described as one of the most powerful legislatures in the world...
Ieke Van Den Burg
Ieke van den Burg
Ieke van den Burg is a Dutch politician and a former Member of the European Parliament. She is a member of the Labour Party, which is part of the Party of European Socialists, and sat on the European Parliament's Committee on Economic and Monetary Affairs...
. The report makes recommendations for research, governance, and strategy.
Bruegel has been described as "influential".
Research partnerships
Bruegel has developed relationships with a number of research institutions located in different regions across the world. Partner research institutions include CEPII in Paris, CERCentre for European Reform
The Centre for European Reform is a London-based think tank which supports European integration while arguing for institutional reform of the European Union...
in London, CESifo
Center for Economic Studies
The Center for Economic Studies is an independent institute within the Faculty of Economics of the University of Munich .It promotes the international exchange of knowledge and ideas in public finance and other areas of economics...
in Munich, ICRIER in New Delhi, IfW
Kiel Institute for the World Economy
The Kiel Institute for the World Economy is located in Kiel, Germany, and one of the leading economic research institutes in Germany. It is engaged in research and consulting with regard to global economic affairs, economic education and documentation...
in Kiel, KIEP
Korea Institute for International Economic Policy
The Korea Institute for International Economic Policy is a think tank under the affiliation of the South Korean government. It is a public entity and has more than 160 employees in 2011, among them more than 50 research fellows with PhD's. KIEP is headquartered in Seocho-gu, Seoul but also...
in Seoul, and the Peterson Institute in Washington DC.
History
Bruegel's original concept stemmed from private discussions involving policy-makers, business leaders and other individuals from several European countries in late 2002. The project was endorsed and officially floated by French President Jacques ChiracJacques Chirac
Jacques René Chirac is a French politician who served as President of France from 1995 to 2007. He previously served as Prime Minister of France from 1974 to 1976 and from 1986 to 1988 , and as Mayor of Paris from 1977 to 1995.After completing his studies of the DEA's degree at the...
and German Chancellor Gerhard Schröder
Gerhard Schröder
Gerhard Fritz Kurt Schröder is a German politician, and was Chancellor of Germany from 1998 to 2005. A member of the Social Democratic Party of Germany , he led a coalition government of the SPD and the Greens. Before becoming a full-time politician, he was a lawyer, and before becoming Chancellor...
at the 40th anniversary of the Elysée Treaty
Élysée Treaty
Élysée Treaty also known as the Treaty of Friendship, was concluded by Charles de Gaulle and Konrad Adenauer in 1963. It set the seal on reconciliation between the two countries...
in January 2003. Former European Commissioner Mario Monti
Mario Monti
Mario Monti is an Italian economist and academic who is Prime Minister of Italy, as well as Minister of Economy and Finance, since November 2011. Monti served as a European Commissioner from 1995 to 2004, with responsibility for the Internal Market, Services, Customs and Taxation from 1995 to 1999...
and economists Jean Pisani-Ferry
Jean Pisani-Ferry
Jean Pisani-Ferry is a French economist and public policy expert. He is currently Director of Bruegel, the Brussels-based economic think tank...
and Nicolas Véron
Nicolas Véron
Nicolas Véron is a French economist. He is a Senior Fellow at Bruegel, the Brussels-based think tank, and a Visiting Fellow at the Peterson Institute for International Economics in Washington DC....
were instrumental in Bruegel's creation. Bruegel was legally formed in August 2004 and started operations in 2005.
Bruegel's name is a tribute to Pieter Bruegel, the 16th-century painter whose work epitomizes unvarnished and innovative depictions of life in Europe. It can also be read as a reference to a "Brussels European and Global Economic Laboratory", even though Bruegel does not consider its name to be an acronym.