The Sound of Economics

In this episode of The Sound of Economics, host Rebecca Christie looks into the future with Bruegel’s emerging talents Maria Catarina Louro, Tillman Schenk and Théo Storella. Demographic change is coming for the world, as fewer new workers grow up to replace earlier generations of workers. China is at a crossroads of not only population decline but also industrial dominance, putting its economy in renewed competition with the United States and Europe. And artificial intelligence will change the workforce, the manufacturing base and the productivity outlook all over the world. How should current policymakers and thinkers shape the world that lasts beyond their lifetimes? How can the field of economics contribute? Relevant research: Bruegel Dataset (2023) 'China economic database', version of 27 May 2026, Bruegel Dabrowski, M. and M. Catarina Louro (2025) 'Economic convergence, demography, labour markets: what progress have EU candidate countries made?' Analysis 29/2025, Bruegel García-Herrero, A., T. Storella and J. Xu (2025) 'European companies operating in China: from digging in to rethinking their presence', Working Paper 14/2025, Bruegel Richter, P. and T. Schenk (2025) 'EU data processing consent reform must account for market incentives', Analysis 39/2025, Bruegel Schenk, T. (2026) 'Chips Act 2.0 and beyond: Indispensability, not self-sufficiency', Comment May 2026, Encompass

In this episode of The Sound of Economics, host Rebecca Christie speaks to former EU Competition Executive Vice President Margrethe Vestager -- now chair of the board at Danish Technical University -- and Ditte Brasso Sørensen, who leads Think Tank EUROPA’s Stocktaking EU project, about how Europe can reduce its dependencies without grasping for the impossible goal of full economic independence. How can the European Union make its state aid framework fit for purpose? Can Europe anchor its own AI companies, and how will the big US firms manage their European business? What is the role of clean technology and critical raw materials in securing the EU’s future? Denmark’s experience of European integration, particularly on key topics such as Greenland and the euro, shows how countries can balance sovereignty with shared purpose.Related research: Brasso Sørensen, D. (2026) 'STOCKTAKING EU - Taking stock of the Commission's first year', EUROPA, available at: https://thinkeuropa.dk/en/node/4391 Grabbe, H. and J. Zettelmeyer (2024) ‘Not yet Trump-proof: an evaluation of the European Commission’s emerging policy platform’, Policy Brief 03/2025, Bruegel, available at: https://www.bruegel.org/policy-brief/not-yet-trump-proof-evaluation-european-commissions-emerging-policy-platform

In this episode of The Sound of Economics, host Rebecca Christie talks about nature and markets with Bruegel’s Heather Grabbe and Estelle Cantillon, FRNS research director at the Université Libre de Bruxelles. They explore policy efforts to make protecting natural resources more of a financial priority, such as nature credits and nature shares, as well as the difficulty of setting up these kinds of systems. How can public money and private investors cooperate? How does a program like this avoid cheating, moral hazard and failure to deliver? Both government resources and investor buy-in will be necessary for habitats and biodiversity to find their way onto the world’s balance sheets.Relevant research: Cantillon, E., E. Lambin and B. Weder di Mauro (2025) 'Policy Insight 145: Designing and scaling up nature-based markets', CEPR Policy Insight, 145, CEPR Press, available at https://cepr.org/publications/policy-insight-145-designing-and-scaling-nature-based-markets Fiore, A. and H. Grabbe (2025) ‘Nature markets: how can credits and shares provide durable, additional finance?’ Policy Brief 20/2025, Bruegel Pisani-Ferry, J., B. Weder di Mauro and J. Zettelmeyer (eds) (2025) 'Paris Report 3: Global Action Without Global Governance: Building coalitions for climate transition and nature restoration', Report, CEPR Press, available at https://cepr.org/publications/books-and-reports/paris-report-3-global-action-without-global-governance-building

In this episode of The Sound of Economics, host Rebecca Christie sits down with Bruegel’s Ignacio García Bercero and Ben McWilliams to talk about the evolution of the European Union’s carbon border adjustment mechanism, known as CBAM. When will companies start paying? Which countries and sectors will be hit the hardest? And how will cross-border carbon levies work for electricity markets, given how hard it is to trace emissions to electrons? We discuss what it means to crack down on carbon leakage and how the EU can make the most of its new tools going forward.Relevant Research: CBAM and carbon pricing: forging fair paths to climate stability, Bruegel Event, 22 May 2024 McWilliams, B. R. Stubbe and G. Zachmann (2025) 'The case for delaying the application of the EU’s carbon border levy to electricity', Analysis, 19 November, Bruegel, available at https://doi.org/10.64153/ZFMB9781 Zachmann, G. and McWilliams, B. (2020) 'A European carbon border tax: much pain, little gain', Policy Contribution 05/2020, Bruegel, available at https://www.bruegel.org/policy-brief/european-carbon-border-tax-much-pain-little-gain