Policy briefs
Recommendations derived from detailed policy analysis
Policy briefs
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.
Unity in power, power in unity: why the EU needs more integrated electricity markets
Electricity market integration has substantial benefits that will improve the resilience and enable the transition of Europe’s energy system
Policy brief
10 January 2013
Options for a Euro-area fiscal capacity
This Policy Contribution is based on a briefing paper for the European Parliament Economic and Monetary Affairs Committee’s Monetary Dialogue: Europe
Policy brief
19 December 2012
Private long-term investment in uncertain times
The economic and financial crisis in Europe is affecting the financing of long-term infrastructure investment.
Policy brief
03 December 2012
A budget for Europe's monetary union
In a monetary union, national fiscal deficits are of limited help to counteract deep recessions; union-wide support is needed. A common euro-area budg
Policy brief
28 November 2012
Smart choices for growth
Recovery in Greece, Italy, Portugal and Spain is held back in part by structural barriers. Overcoming these requires structural reform and public inve
Policy brief
23 November 2012
The long-term EU budget: size or flexibility?
The EU is in the process of negotiating its 2014-20 financial framework. Failure to reach an agreement would imply a delay in the preparation of the s
Policy brief
09 November 2012
The Greek debt trap: an escape plan
Without corrective measures, Greek public debt will exceed 190 percent of GDP, instead of peaking at the anyway too-high target ratio of 167 percent o
Policy brief
09 November 2012
On the effectiveness and legitimacy of EU economic policies
For markets, European economic governance faces a crisis of policy effectiveness, while for citizens the European Union faces a democratic legitimacy
Policy brief
26 October 2012
The known unknowns and the unknown unknowns of the EMU
Extensive prior research on the economics of European monetary union highlighted some potential risks (the known unknowns) but overlooked others (the
Policy brief
19 October 2012
The euro crisis: ten roots, but fewer solutions
Many factors have contributed to the euro crisis. Some have been addressed by policymakers, even if belatedly, and European Union member states have b
Policy brief
04 October 2012
Europe's single supervisory mechanism and the long journey towards banking union
This Policy Contribution was prepared as a briefing paper for the European Parliament Economic and Monetary Affairs Committee’s Monetary Dialogue: Pro
Policy brief
17 September 2012
Fiscal rules: Timing is everything
The strengthening of the European Union’s fiscal rules with the approval of the so-called ‘six-pack’, and the parallel worsening of economic condition
Policy brief
14 September 2012
The fiscal implications of a banking union
Systemic banking crises are a threat to all countries whatever their development level. They can entail major fiscal costs that can undermine the sus
Policy brief
31 August 2012
Intra-euro rebalancing is inevitable but insufficient
Greece, Portugal and Spain face a serious risk of external solvency due to their close to minus 100 percent of GDP net negative international invest
Policy brief
28 August 2012
New ICT sectors: Platforms for European growth?
Europe's failure to specialise in new ICT sectors and firms is likely to hold back Europe’s post-crisis recovery. Europe lacks in particular leading
Policy brief
16 August 2012
The challenges of Europe's fourfold union
This Policy Contribution reproduces Nicolas Véron’s statement delivered at the hearing on 'The Future of the Eurozone: Outlook and Lessons' at the Sub
Policy brief
25 June 2012
What kind of European banking union?
This policy contribution discusses in detail how a future banking union could be organised by examining seven fundamental choices that decision makers
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