Category Archives: Policy Briefs

POLICY BRIEF: A European Stability Fund for the EMU


June 30, 2018

Objectives

  • To design a robust crisis management mechanism within the EU that will simultaneously provide risk sharing and fiscal stabilisation
  • To evaluate how the crisis would have developed had such mechanism been in place
  • To suggest a realistic mechanism for its implementation

By Ramon Marimon, European University Institute

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POLICY BRIEF: Lessons from the euro crisis and dealing with the debt overhang


June 29, 2018

Objectives

  • To understand the roots of the polarisation of risk in countries in the euro area
  • To design institutional frameworks that combine aggregate risk reduction with enhanced risk sharing

By Giancarlo Corsetti, Cambridge University and CEPR

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POLICY BRIEF: A European Unemployment Insurance System


Objectives

  • To examine the potential benefits of a European Unemployment Insurance System (EUIS)
  • To evaluate the extent to which member states would benefit from such a system
  • To assess whether member states would unanimously be in favour of this change without the need for permanent cross-border monetary transfers

By Árpád Ábrahám, João Brogueira de Sousa, Ramon Marimon and Lukas Mayr

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POLICY BRIEF: A new fiscal and monetary framework for the EMU? The EU presidents’ roadmap in 2018


June 18, 2018

Objectives

  • To evaluate the recent experience of the EMU, assessing the Van Rompuy report ‘Towards a genuine economic and monetary union’ (2012) and the Five Presidents’ Report (2015) 
  • To use that experience and the research of Ademu to reassess the overall fiscal and monetary framework of the EMU 
  • Present a proposal to strengthen the economic and fiscal union in Europe

By Ramon Marimon

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POLICY BRIEF: The political economy of policy implementation


Objectives

  • To examine how modern monetary systems create opportunities for rent-seeking in the public and private sectors
  • Creating a policy framework to address the main issues, with a focus on the rentseeking and banking sectors

By David K. Levine and Andrea Mattozzi, European University Institute

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POLICY BRIEF: The European Stability Mechanism and the path to reform


Objectives

  • To evaluate the current functioning and design of the European Stability Mechanism (ESM)
  • To provide a critical assessment of the proposals for reform

By Giorgio Monti, European University Institute

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POLICY BRIEF: Financial stability and the role of macroprudential policies


Objectives

  • To analyse the trade-off between good and bad times created by macroprudential policies
  • To examine issues of international cooperation and coordination with monetary policy
  • To design the optimal macroprudential policy

By Radim Boháček, CERGE-EI, Charles University, Prague.

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POLICY BRIEF: Banking Union and the ECB


Objectives

  • To assess the weaknesses of the current banking union, the European Central Bank design and implementation
  • To evaluate possible conflicts between the banking union, European Central Bank and national authorities
  • To recommend improvements and alternatives

By Hugo Rodriguez, Instituto de Análisis Económico (CSIC), MOVE and Barcelona GSE.

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POLICY BRIEF: Reassessing tax policies and tax coordination: The case for a tax on automation


Objectives

  • Assessing the positive and negative impacts of automation on employment
  • Analysing how appropriate taxation may be used to compensate those negatively impacted
  • Understanding how an appropriate policy could be implemented

By Pedro Teles

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POLICY BRIEF: Stimulus packages? Better be persistent!


Objectives

  • To understand whether fiscal stimulus is effective in stabilising the economy
  • To analyse how persistence of government spending affects the size of the fiscal multiplier

By Martial Dupaigne and Patrick Fève, Toulouse School of Economics

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