Jacob Funk Kirkegaard
Peterson Institute
Washington, DC, United States
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Past articles by Jacob:
Europe's energy problem is now climate change, not Russia
Russia’s weaponization of its natural gas supply to Europe triggered big increases in energy prices and double-digit inflation last summer. But more recently, the EU success in energy conservation and construction of new liquefied natural gas (LNG) terminals, combined with mild weather, has led to declines in European natural gas prices to levels last seen before the Russian invasion of Ukraine.… → Read More
Discussion with Oleg Ustenko, Ukraine's chief economic advisor, on sanctions and more
Chief economic advisor to Ukrainian President Zelenskyy, Oleg Ustenko, discussed sanctions and other economic dimensions of the Russian invasion of Ukraine in a conversation on PIIE’s virtual stage. → Read More
The European Union’s troubled COVID-19 vaccine rollout
The European Union and its citizens have long benefited from generally well-funded government health systems and an advanced pharmaceutical sector. Why, then, has Europe found it so hard to quickly immunize its population and reduce the level of COVID-19 infections and hospitalizations? → Read More
The Brexit agreement: An economic guide for the perplexed
The last-minute Brexit deal at the end of December 2020 between the European Union and the UK government is misleadingly titled a Trade and Cooperation Agreement (TCA) governing their econom → Read More
Memo to the European Commission on coping with technology innovations in Europe
Background: Current technological innovation has driven Europe and the United States to rely on online platforms for intermediating commercial transactions. → Read More
Rebuilding the Global Economy: Role of the European Commission in trade, regulation, and innovation
As part of the series Rebuilding the Global Economy, the Peterson Institute for International Economics (PIIE) will hold a virtual event on December 21, 2020, to discuss memos from the following speakers, recommending policy → Read More
Push for British sovereignty risks worst possible Brexit outcome
British Prime Minister Boris Johnson’s zeal over asserting British sovereignty in Brexit negotiations has not only torpedoed the talks over Britain’s withdrawal from the European Union. → Read More
How Europe is taking another page from US financial history
As the European Union begins to contemplate how its perhaps €500 billion new joint debt to help the economy recover from the pandemic will eventually be repaid, a profound fiscal question arises. → Read More
Europe should seize oil price windfall to fund its pandemic response
The global economic and health crisis is causing consumer demand to fall and oil prices to decline, which is what one would expect. → Read More
After its COVID-19 emergency, Europe should issue joint recovery bonds
As exceptional as efforts by the European Central Bank (ECB) and European states have been at the onset of the COVID-19 pandemic, it is not too soon to think beyond the crisis. The ECB has waived its self-imposed restriction on the amount of bonds it can buy from each member state in its Pandemic Emergency Purchase Program (PEPP), signaling that it has the eurozone's back for the duration of the… → Read More
Europe is at last channeling Alexander Hamilton
Europe’s collective and forceful intervention to rescue Italy and other euro area countries at economic risk from the coronavirus (COVID-19) plague has been unprecedented in more ways than one. → Read More
The refugee crisis returns to Europe—or does it?
Violent clashes along the Turkish border, with Greek riot police using tear gas and rubber bullets to repel would-be migrants and refugees, have become a familiar specter in Europe. As in 2015, the immigration issue threatens to fracture European unity and torment its conscience. → Read More
Is Denmark the new "American dream"?
If there was an undisputed winner in the Democratic presidential debate on February 19, it was…Denmark! → Read More
The UK seeks its own "phase one" deal on Brexit
After two years of threats and bluster, President Trump and China reached a “phase one” trade deal incorporating some minor wins while kicking the hard stuff down the road. → Read More
A German Anti-Establishment Victory Could Fuel Fiscal Activism
A little-noticed skirmish between left-leaning and left-of-center factions over the future leadership of Germany’s Social Democratic Party (Sozialdemokratische Partei Deutschlands or SPD) at the end of November 2019 could lead to a quick collapse of Chancellor Angela Merkel’s government. → Read More
Perplexed by Brexit? Here Is a Guide
After weeks of ridiculous stops and starts, Prime Minister Boris Johnson is finally presenting the British electorate with (more or less) the Brexit deal that he wanted. Yes, he was forced to renege on his “do or die” promise to leave the European Union by October 31. → Read More
Countries Most Reliant on Industrial Robots Tend to Have Higher Manufacturing Employment Share
The decline in manufacturing employment across advanced economies is often blamed on the increasing use of industrial robots. There have even been proposals to implement a “robot tax” in some countries to counter this effect, such as the United States and Canada. → Read More
A Pragmatic New European Leadership Team Could Supply Tools to Face the Next Downturn
After a turbulent year of predictions that extremism was on the rise, the European Union (EU) has ended up with a capable and pragmatic leadership team, committed to continuing the continent’s economic reform processes, institutional deepening, and support for the global multilateral institutions → Read More
The Euro Area Falls Short on Fiscal Reform
If Europe’s recent economic travails have delivered one lesson, it is that there is a need for a coordinated fiscal and monetary counterattack in the face of the next downturn. It was thus disappointing that the euro area → Read More
Brexit: From Bad to Terminal?
The cross-party talks between Labour and the Conservatives, aimed at a “soft” exit by Britain from the European Union, have collapsed—abandoned by Labour leader Jeremy Corbyn. His move was precipitated by Prime Minister Theresa May’s imminent departure from office. → Read More