Coming of age: report on the euro area
by Philippe Aghion, Alan Ahearne, Marek Belka, Jürgen von Hagen, Lars Heikensten , Jean Pisani-Ferry, André Sapir on 14 January 2008
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Category: BLUEPRINTS
Topics: Budgetary and monetary policies, Competition and single market, Currencies and International finance, European and global governance
This report surveys the economic performance of the euro area and gives recommendations about six policy challenges of major importance for the future of EMU.
Real Convergence, Price Level Convergence and Inflation in Europe
by Balázs Égert on 31 March 2007
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Category: WORKING PAPERS
Topics: Budgetary and monetary policies, Competition and single market
Balázs Égert, a former Visiting Fellow of Bruegel, provides a comprehensive review of the factors that can cause price levels to diverge and which are at the root of different inflation rates in Europe including the EU-27. Among others, he discusses the structural and cyclical factors influencing market and nonmarket-based service, house and goods prices, and summarise some stylised facts emerging from descriptive statistics.
The economics of the Services Directive
by Juan Delgado on 03 February 2007
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Category: EXTERNAL PUBLICATIONS
Topics: Competition and single market
In this paper for Contratto e impresa, Juan Delgado, describes the underlying economic logic of the Services Directive and its potential economic impact. Europe‘s services sector is far from reaching its full potential. The Single Market Programme has been effective in removing obstacles to the cross border movement of goods and capital but the services sector, has not received much attention. This has resulted in most services being regulated locally and services markets becoming more fragmented.
Current issues in evaluating structual reforms within the Lisbon process
by André Sapir on 31 January 2007
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Category: POLICY CONTRIBUTIONS
Topics: Competition and single market, European and global governance
André Sapir puts forward some comments and recommendations about the Lisbon Methodology (LIME) Working Group. This Policy Contribution was presented at the first meeting of LIME‘S Working Group on 1 February 2007.
Single market trails home bias
by Juan Delgado on 30 September 2006
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Category: POLICY BRIEFS
Topics: Competition and single market
Juan Delgado explores the degree of ’home bias" in the goods and services markets, and in equity investment, in Europe. He measures home bias against different benchmarks in order to determine whether the single market programme has had an observable impact on reducing home bias in Europe. He draws interesting policy conclusions from the results.