Dezernat Zukunft (DZ) is a Berlin-based policy institute with deep expertise on fiscal policy and the financing of the energy transition. DZ staff frequently participate in public hearings and shape policy debates around fiscal and macroeconomic policymaking.
DZ founded the EMPN in 2021 to foster European debates and cooperation on macroeconomic policy.
How can fiscal rules reward policies that strengthen growth and resilience instead of penalising them?
Can Europe’s fiscal rules respect the law they serve?
Germany’s fiscal room is shrinking fast. Can reform restore its capacity to act?
How can Germany decarbonise buildings without overburdening households?
Can Europe safeguard its monetary autonomy as dollar-backed stablecoins expand globally?
Can Germany expand its power grids without driving up electricity prices?
Why does Germany make rail users pay profits to the state for using public tracks?
What if the Commission’s debt models underestimate consolidation costs and overstate growth?
Can interest rate hikes solve today’s inflation, or are we using the wrong tools?
Can debt sustainability analysis be credible if climate impacts stay off the books?
Germany’s €782 billion investment gap can’t be closed with accounting tricks alone.
Can Germany modernise when fiscal debate revolves around ceilings, not needs?
Europe’s largest industrial subsidy pursues resilience and innovation, but weak clusters and high costs raise doubts about its long-term payoff.
Can Europe act strategically when its institutions were built to restrain power, not wield it?
Against fossiflation, can clean energy become Europe’s new anchor of price stability?
Eurozone sovereign spreads were not born of fiscal excess — they were made by design.
