Policy briefs
Recommendations derived from detailed policy analysis
Policy briefs
Three risks that must be addressed for new European Union fiscal rules to succeed
The reform, completed in April 2024, left implementation unaddressed, or at least open to very different potential outcomes
How to de-risk: European economic security in a world of interdependence
The question is how exactly the EU should ‘de-risk’ its external economic relationships without foregoing the benefits of trade.
Broader border taxes: a new option for European Union budget resources
The purpose of this paper is to review the Commission’s proposal and to contribute new ideas for ‘genuine’ own resources
Ukraine’s path to European Union membership and its long-term implications
The war complicates the accession process, but Ukraine can work progressively towards meeting the entry conditions
The state of financial knowledge in the European Union
Financial literacy is essential in modern economies, where saving and preparing for retirement has shifted increasingly to the individual.
Policy brief
28 April 2016
Energy across the Mediterranean: a call for realism
After almost two decades of unproductive regional cooperation attempts, the EU should reshape its energy cooperation efforts in the Mediterranean thro
Policy brief
22 April 2016
Financial risks and opportunities in the time of climate change
The current unsustainable use of our environment can lead to financial crisis. To address this risk, financial institutions should measure their exp
Policy brief
07 April 2016
The European Union’s growing innovation divide
This Policy Contribution examines the EU’s struggle to improve its capacity for innovation, in particular the differences between EU member states in
Policy brief
29 March 2016
A proposal to revive the European Fiscal Framework
The current European fiscal framework is inefficient. It should be replaced with a system based on rules more suited to the two core objectives: publ
Policy brief
07 March 2016
The United States dominates global investment banking: does it matter for Europe?
Europe’s banks are in retreat from playing a global investment banking role, and this trend is likely to continue in the future. What will be the cons
Policy brief
18 February 2016
Which fiscal union for the euro area?
At the current level of political and societal integration, a large federal budget is unrealistic in the euro area. The authors make three recommenda
Policy brief
15 February 2016
The European Central Bank’s quantitative easing programme: limits and risks
The ECB has made a series of changes to its QE programme in order to expand the universe of purchasable assets and have more flexibility in the execut
Policy brief
04 February 2016
Should the ‘outs’ join the European banking union?
This paper analyses the banking linkages between the nine ‘outs’ and 19 ‘ins’ of the banking union. It finds that the out countries could profit from
Policy brief
28 January 2016
One market, two monies: the European Union and the United Kingdom
So far, having more than one currency in the EU has not undermined the single market. However, attempts to deepen integration in the banking, labour
Policy brief
21 January 2016
Belarus at a crossroads
Despite the slow pace of market reforms, the Belarusian economy recorded quite impressive growth until recently. However the Belarus growth ‘miracle’
Policy brief
20 January 2016
Rethinking the security of the European Union’s gas supply
Simone Tagliapietra and Georg Zachmann argue that instead of doing everything to reduce gas supplies from key suppliers like Russia, gas supply securi
Policy brief
10 December 2015
Financial regulatory transparency: new data and implications for EU policy
This paper introduces a new international financial regulatory data transparency index - the Financial Regulatory Transparency (FRT) Index - in order
Policy brief
04 December 2015
Can a global climate risk pool help the most vulnerable countries?
Extreme climate events related to global warming will happen somewhat randomly and could have a huge cost for the most vulnerable countries. A global
Policy brief
12 November 2015
The limitations of policy coordination in the euro area under the European Semester
This paper assesses economic policy coordination in the euro area under the European Semester. Despite the collective decision to create this new syst
Policy brief
12 November 2015
Is globalisation reducing the ability of central banks to control inflation?
This Policy Contribution reviews the impact of globalisation on inflation dynamics, and it analyses whether and how this affects the ability of centra
Policy brief
10 November 2015
The growing intergenerational divide in Europe
During seven years of economic crisis, the intergenerational income and wealth divide has increased in many European Union countries. This paper revie
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