Silvia Merler

Non-Resident Fellow
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Silvia Merler

Silvia Merler is currently Head of ESG & Policy Research at Algebris Investments, a global asset management firm. She also serves as a Non-Resident Fellow at Bruegel, Brussels-based economic policy think-tank, and is an Adjunct Lecturer at Johns Hopkins University School of Advanced International Studies (SAIS), where she teaches Economics of Global Markets for the online Master in Global Risk. 

Over the years, Silvia has done extensive research on topics of European political economy, with attention to European macro and financial economics issues, as well as EU institutions and governance. More recently, her research has been focusing increasingly more on sustainable finance - with particular attention to the EU space. Silvia holds a BA and MSc in Economics and Social Sciences (ESS) from Bocconi University in Milan, and a PhD in European and Eurasian Studies with focus on European political economy at Johns Hopkins School of Advanced International Studies (SAIS). She also holds a Certificate in ESG Investing from the CFA Institute, and has completed Responsible Investment courses offered by the UN Principle for Responsible Investment (UN PRI) Academy.

Financial Markets 

Italy: The Path of Credibility Narrows
2023

As the path to fiscal sustainability narrows, so does Italy’s political capital to credibly advocate a radical reform of EU fiscal rules. Italy's primary balance will need to improve by 0.9% of GDP each year in both 2025 and 2026: similarly sized improvements were recorded in only 3 of the 20 years before the pandemic (2 of which were at the height of the Eurozone crisis, in 2011 and 2012).

Perché all'Italia conviene approvare la riforma del Mes
2023

Il dibattito sulla riforma del Meccanismo Europeo di Stabilità (MES) - che l’Italia rimane l’unico Paese UE a non avere ratificato - è tornato al centro del dibattito politico italiano. All’interno della maggioranza di governo sembrano coesistere due linee di opposizione alla ratifica – una “ideologica” e una “strategica”. Entrambe sono fallaci.  

Governance

The New EU Economic Governance Framework: Raising the stakes on EU Integration
2023

The new framework has a higher degree of built-in flexibility. By tailoring fiscal adjustment to the situation of individual countries, the reform overcomes one major issue with the previous set of rules – namely the excessive use of flexibility clauses and overlays, to soften the otherwise too strict uniform adjustment paths.

DibattitiGeopolitca

Geopolitics of Climate
05/12/2024 - 05/12/2024
LIBRERIA EGEA - SALA DI LETTURA, VIALE BLIGNY 22, MILANO

A few weeks after the pivotal COP29 summit in Azerbaijan, we will examine the implications of the conference’s outcomes and their geopolitical impact. With Serena Fatica (European Commission's Joint Research Centre), Silvia Merler (Algebris and IEP@BU), Roberto Schaeffer (Federal University of Rio de Janeiro), Partha Sen (New Delhi School of Economics), and Stefano Feltri (IEP@BU)

wEUbinars

La politica economica del governo Meloni
30/11/2023 - 30/11/2023
Webinar

Un webinar in cui discutere dei contenuti del Policy Brief: La politica di bilancio del governo Meloni. Ne parliamo con Lorenzo Bini Smaghi e Silvia Merler, modera Stefano Feltri

 

Il Comma 22 del debito europeo
19/10/2023 - 19/10/2023
Webinar

Da Next Generation Eu alla nuova stagione dei tassi di interesse elevati. Qual è il destino del debito comune europeo? E quali sono le conseguenze per l'Italia?