Economic Policy


Ever since central banks around the globe have embarked upon a course of unconventional monetary policy in response to the financial crisis, the Economic Policy unit has closely analysed monetary policy developments  - especially that of the European Central Bank. This unit regularly produces commentaries on the latest ECB programmes and its potential impact on the real economy. Quantitative Easing currently lies at the heart of this research.

The second research pillar entails Fiscal policy which remains a national prerogative in general but is subject to the Stability and Growth Pact and Fiscal Compact. Research on fiscal policy covers longer-term sustainability within a monetary union but also short-term fiscal policy of Euro Area member states.



Since 2008, CEPS has been responsible for the management of an important part of the content of Intereconomics. We aim to make Intereconomics the leading forum for research-based discussion about major European economic policy issues and enhance its already respectable readership and recognition in the field.

ENEPRI European Network of Economic Policy Research Institutes

The ENEPRI network brings together twenty-five leading national economic policy research institutes from most of the EU-27 countries. The goals of the network are to foster the international diffusion of existing research, co-ordinate research plans, conduct joint research and increase public awareness of the European dimension of national economic policy issues.

Recent projects

MEDAM Mercator Dialogue on Asylum and Migration

Refugees, immigration from third countries in general, and intra-EU mobility of workers will remain dominant issues in Europe for many years to come. How these challenges are addressed will impact Europe’s cohesion and capacity to act. MEDAM will address the most relevant research questions and pressing concerns of policy makers. We will engage directly with policy makers and civil society, as well as disseminating our findings and research-based policy recommendations through our flagship output, the annual MEDAM Assessment Report, policy briefs and research papers.


The main objective of this project is to provide various tools to assess quantitatively the sustainability of the Belgian pension system and to test actual and potential pension and labour market reforms. The project brings together the expertise of microeconomists and macroeconomists from the CEPS, the Katholieke Universiteit Leuven, the Universiteit Gent and the Université de Liège.

CEPS Acedemy

Established in 2015, CEPS Academy offers graduate and post-graduate training and other educational activities on a wide range of EU policy areas. The mission of the CEPS Academy is to equip both students and professionals with original insights and tools to better understand the European Union. Lectures, open discussions and interactive sessions with academics, practitioners and officials will stimulate interest in EU policy-making and encourage fresh thinking among the younger generation of Europeans who will shape and lead the EU in the future.. 

Past projects

IPEPS Integrated Programme in European Policy Studies

The Integrated Programme in European Policy Studies complements master’s degree programmes in Universities across Europe. It provides practical content and policy-oriented training, drawing from CEPS’ extensive experience as a prominent European think tank. It aims to promote critical thinking and in-depth learning of real-life EU policy issues. IPEPS The programme offers a comprehensive coverage of EU policy areas: EU macroeconomic governance, Regulation and the economics of financial markets, Energy Union and climate change, EU single market and the four freedoms, Decision-making across EU policies

FIRSTRUN Fiscal Rules and Strategies under Externalities and Uncertainties

The projects provides new tools for fiscal policy design by incorporating the new EU fiscal rules regarding e.g. government debt and deficit into applied models for fiscal policy evaluation. FIRSTRUN also investigates the political economy of fiscal cooperation, for instance, the difficult inter-play between domestic political pressures and EU level priorities as well concerns about legitimation.

MoPAct  Mobilising the potential of active ageing in Europe

MoPAct is a four year large scale FP7 project investigating a large variety of issues related to ageing societies. CEPS is involved in research on demography, economic aspects including labour markets and societal participation of the older citizens.

EUBS Feasibility and added value of a European Unemployment Benefit Scheme

This study will cover a large number (18) of possible EUBS, which differ from each other on a number of dimensions, such as how claims are paid out to member states or the time over which the net contribution of each state must balance out. The aim is evaluate the impact of such schemes for the EU or the Euro Area.

BEL-DEBT On the sustainability of public finances in Belgium

Since the onset of the sovereign debt crisis since early 2010, Belgium has managed to stay more or less off the radar screen of international investors' scrutiny. The study assesses the underlying determinants of sovereign bonds spreads for Belgium and highlights the particularities of the Belgian economy and political framework.

INDICSER Indicators for Evaluating International Performance in Service Sectors

The objective of the INDICSER project is to develop indicators which provide information on the performance of service sectors in the EU. The approach adopted is to include both an EU-wide application of existing concepts and develop and experiment with new concepts. This will be carried out within an overall coherent structural framework designed to address the key issues of productivity and value for money.

SERVICEGAP The Impact of Service Sector Innovation and Internationalisation on Growth and Productivity

The project will consider the academic and policy concerns that arise from the increasing importance of the market service sector. The overall objective of this research is to produce a comprehensive study on the impact of market services on aggregate economic growth in the EU and its comparative performance relative to competitor regions, especially the US.

ANCIEN Assessing Needs of Care in European Nations

The project principally concerns the future of long-term care (LTC) for the elderly in Europe and addresses how the need, demand, supply and use of LTC will develop as well as how different systems of LTC perform. State-of-the-art demographic, epidemiologic and econometric modelling is used to interpret and project needs, supply and use of long-term care over future time periods for different LTC systems.

Recent Publications

Research Team