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Policy Contribution

European governance

COVID-19 financial aid and productivity: has support been well spent?

While support schemes during the pandemic were not targeted at protecting ‘good’ firms, financial support mostly went to those with the capacity to survive and succeed. Labour schemes have been effective in protecting employment.

By: Carlo Altomonte, Maria Demertzis, Lionel Fontagné and Steffen Müller Topic: European governance, Macroeconomic policy Date: November 4, 2021
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Blog Post

EU recovery plans should fund the COVID-19 battles to come; not be used to nurse old wounds

In its proposed Recovery Fund, the European Commission uses allocation criteria mainly linked to infection rates and past economic performance. To foster an efficient economic rebound post COVID-19 crisis, we propose instead to allocate funds through a forward-looking approach based on specific industrial and economic structure of EU regions.

By: Carlo Altomonte, Andrea Coali and Gianmarco Ottaviano Topic: Macroeconomic policy Date: July 6, 2020
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Blueprint

Remaking Europe: the new manufacturing as an engine for growth

Europe needs to know how it can realise the potential for industrial rejuvenation. How well are European firms responding to the new opportunities for growth, and in which global value chains are they developing these new activities? The policy discussion on the future of manufacturing requires an understanding of the changing role of manufacturing in Europe’s growth agenda.

By: Reinhilde Veugelers, Uuriintuya Batsaikhan, Filippo Biondi, Albert Bravo-Biosca, Justine Feliu, Dalia Marin, Robert Kalcik, Silvia Merler, Simone Tagliapietra, Georg Zachmann, J. Scott Marcus, Georgios Petropoulos, Carlo Altomonte, Valeria Negri, Maciej Bukowski and John Morales Topic: Digital economy and innovation Date: September 7, 2017
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Blog Post

The knowns and unknowns of the European competitiveness debate

Micro-economic features of economic systems can have a major impact on national performance. Policymakers should therefore reconfigure their scoreboards to reflect the roles played in a country’s economic growth by large internationalized firms, global value chains or resource reallocation.

By: Carlo Altomonte, Gábor Békés and Bruegel Topic: Digital economy and innovation Date: April 27, 2016
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Blueprint

Measuring competitiveness in Europe: resource allocation, granularity and trade

This new Bruegel Blueprint provides a differentiated understanding of growth, productivity and competitiveness and the important role public policy needs to play.

By: Carlo Altomonte, Gábor Békés and Bruegel Topic: Macroeconomic policy Date: January 28, 2016
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Blog Post

Has globalisation 'peaked'? Trade and GDP growth in the post-crisis context

Is the ‘Global Trade Slowdown’ a signal that globalisation has structurally 'peaked', and thus we should expect a stagnation of trade growth also in the future? Or is the slowdown just the result of cyclical drivers, e.g. the fragile European recovery and slower growth in China?

By: Carlo Altomonte, Italo Colantone, Elena Zaurino and Bruegel Topic: Global economy and trade Date: September 7, 2015
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Blog Post

The 'dos and don'ts' of a growth-friendly policy mix for the Euro area

Carlo Altomonte and Tommaso Aquilante highlight some clear ‘dos’ and ‘don’ts’ when looking at the fiscal/structural side of a growth-friendly policy mix for the euro area.

By: Carlo Altomonte and Tommaso Aquilante Topic: Digital economy and innovation, Macroeconomic policy Date: October 2, 2014
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Book/Special report

EU to DO 2015-2019

Memos to the new EU leadership.

By: André Sapir, Guntram B. Wolff, Zsolt Darvas, Silvia Merler, Nicolas Véron, Mario Mariniello, Carlo Altomonte, Reinhilde Veugelers, Rainer Münz, Suparna Karmakar, Georg Zachmann and Jim O‘Neill Topic: Banking and capital markets, Digital economy and innovation, Global economy and trade, Green economy, Macroeconomic policy Date: September 3, 2014