Home Page
Page Moved Web site not maintained. Please see my new page: https://sites.google.com/site/luisgaricano/ Esta página web es antigua y no la mantengo. Por favor, visita mi nueva página web: https://sites.google.com/site/luisgaricano/
A proposal for the design of a Carbon Border Adjustment Mechanism
In March 2021, the European Parliament approved a specific proposal for the introduction of a WTO-compatible Carbon Border Adjustment Mechanism (CBAM), a key element to support the European Green Deal and a real game changer for climate policy. The objective of the CBAM is to fight climate change and to support the EU’s climate objectives, …
A proposal for the design of a Carbon Border Adjustment Mechanism Read More »
AFME Speech: “Addressing the SME Solvency Crisis”
Good afternoon to all of you,Thank you to the Association for Financial Markets in Europe for inviting me to this event. It is a great honor to be here today.I would like to take the opportunity of this tribune to raise awareness on the issues being faced by small and medium enterprises in Spain.As you …
AFME Speech: “Addressing the SME Solvency Crisis” Read More »
The Recovery and Resilience Facility regulation
Luis Garicano was one of Renew Europe’s negotiators for the Recovery and Resilience Facility regulation. The European Parliament endorsed this legislation on the 10th of February, 2021. Read full regulation read presentation
Europe is not a cash machine
The recovery and reconstruction of the European Economy after COVID19 will be a huge task for the European Union, a task that will require difficult decisions. Indeed, Europe is not a cash machine. In this presentation, I develop the reforms that Spain must undertake to take advantage of the historic opportunity provided by the European …
Tackling inflation if it reappears
One lasting effect of the Global Crisis and the Covid-19 crisis will be a large increase in general government debt worldwide. This may lead to a scenario of ‘fiscal dominance’, in which expansionary fiscal policies are combined with accommodating monetary policies to alleviate the debt burden. This column argues that such a situation would put …
A European Recovery or Trickery Fund?
The recovery and reconstruction of the European economy after the COVID-19 pandemic will be a huge, challenging task for the European Union, a task that will require hard decisions and difficult choices. To avoid disappointment and to escape a new lost decade (as happened after the 2008 financial crisis), it will be crucial not to …
Towards a European Reconstruction Fund
The idea that Europe’s response to the economic crisis should be based on the issuance of common perpetual bonds has been slowly gaining ground, but proposals that entail substantial increases to member states’ debt risk hampering growth for decades to come. This column argues that the time has come for genuine European spending financed through …
The COVID-19 bazooka for Jobs in Europe
Faced with a huge increase in the number of COVID-19 cases, by now all EU governments have undertaken strategies of varying degrees to ‘flatten the curve’ – to reduce the rate of growth of the pandemic in order to avoid a collapse of European healthcare systems. This column, taken from the recent Vox eBook, proposes …
Two proposals to resurrect the Banking Union: the Safe Portfolio Approach and SRB+
Paper prepared for ECB Conference on “Fiscal Policy and EMU Governance”, Frankfurt, 19 December 2019 Luis GaricanoMember of the European Parliament Professor of Economics and Strategy, IE Business School (on leave) AbstractNearly eight years after its inception, the European Banking Union is crumbling. None of its two stated objectives—breaking future contagion between banks and sovereigns, …
Two proposals to resurrect the Banking Union: the Safe Portfolio Approach and SRB+ Read More »