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Posted on 21-01-2019

Economic Dialogue with Spain - ECON on 22 January 2019

21-01-2019

This note presents selected information on the current status of the EU economic governance procedures and related relevant information in view of an Economic Dialogue with Nadia Calviño, Minister of Economía y Empresa in Spain, in the ECON committee of the European Parliament. The invitation for a dialogue is in accordance with the EU economic governance framework. The last Economic Dialogue with the Spanish authorities took place in January 2014 and an exchange of views took place in November 2016 ...

This note presents selected information on the current status of the EU economic governance procedures and related relevant information in view of an Economic Dialogue with Nadia Calviño, Minister of Economía y Empresa in Spain, in the ECON committee of the European Parliament. The invitation for a dialogue is in accordance with the EU economic governance framework. The last Economic Dialogue with the Spanish authorities took place in January 2014 and an exchange of views took place in November 2016.

Posted on 18-01-2019

Standard Essential Patents and the Internet of Things

15-01-2019

This in-depth analysis, commissioned by the European Parliament’s Policy Department for Citizens’ Rights and Constitutional Affairs at the request of the JURI Committee, assesses the European Commission of (EC) Communication of 29 November 2017 on the EU approach to Standard Essential Patents. The report examines the principles identified in the Communication with respect to the Commission’s proposals on (i) increasing transparency on SEPs; (ii) determining valuation of SEPs( Standard Essential Patents ...

This in-depth analysis, commissioned by the European Parliament’s Policy Department for Citizens’ Rights and Constitutional Affairs at the request of the JURI Committee, assesses the European Commission of (EC) Communication of 29 November 2017 on the EU approach to Standard Essential Patents. The report examines the principles identified in the Communication with respect to the Commission’s proposals on (i) increasing transparency on SEPs; (ii) determining valuation of SEPs( Standard Essential Patents) and FRAND ( Fair, Reasonable, and Non-Discriminatory) terms; and (iii) enforcement. The report evaluates the efficient resolution of licensing disputes over FRAND, including via litigation, arbitration and mediation, licensing pools and collective licensing. The current document also puts forward some policy recommendations to, inter alia, enhance the general environment of FRAND licencing in the context of SEPs.

External author

Dr Luke MCDONAGH Dr Enrico BONADIO

Posted on 17-01-2019

Recommendations on the economic policy of the euro area under the European Semester - January 2019

17-01-2019

This note presents information on the Eurogroup’s policy actions in relation to the 2018 euro area recommendations and provides an overview of the recommendations addressed to the euro area as a whole under the European Semester for 2019.

This note presents information on the Eurogroup’s policy actions in relation to the 2018 euro area recommendations and provides an overview of the recommendations addressed to the euro area as a whole under the European Semester for 2019.

Posted on 09-01-2019

Euro Area Scrutiny: External expertise on economic governance issues during the 8th Parliamentary term

09-01-2019

This document provides the summaries of all external experts papers published during the 8th parliamentary term (2014-2019) by the Economic Governance Support Unit, aimed at supporting the scrutiny work on the functioning of the Euro Area, especially in view of the bi-annual Economic Dialogues with the President of the Eurogroup.

This document provides the summaries of all external experts papers published during the 8th parliamentary term (2014-2019) by the Economic Governance Support Unit, aimed at supporting the scrutiny work on the functioning of the Euro Area, especially in view of the bi-annual Economic Dialogues with the President of the Eurogroup.

Posted on 08-01-2019

Ten issues to watch in 2019

08-01-2019

This is the third edition of an annual EPRS publication designed to identify and frame some of the key issues and policy areas that are likely to feature prominently on the political agenda of the European Union over the coming year. The topics analysed are the outlook for a new European Parliament and new European Commission, the way forward for the soon-to-be EU-27, the future financing of the Union, the process of digital transformation, artificial intelligence and collective intelligence, internal ...

This is the third edition of an annual EPRS publication designed to identify and frame some of the key issues and policy areas that are likely to feature prominently on the political agenda of the European Union over the coming year. The topics analysed are the outlook for a new European Parliament and new European Commission, the way forward for the soon-to-be EU-27, the future financing of the Union, the process of digital transformation, artificial intelligence and collective intelligence, internal security, trade wars, Africa, electric mobility, and the oceans.

Posted on 19-12-2018

Europe's online encyclopaedias: Equal access to knowledge of general interest in a post-truth era?

19-12-2018

The post-truth era – in which emotions trump evidence, while trust in institutions, expertise and mainstream media is declining – is putting our information ecosystem under strain. At a time when information is increasingly being manipulated for ideological and economic purposes, public access to sources of trustworthy general-interest knowledge – such as national online encyclopaedias – can help boost our cognitive resilience. Basic, reliable background information about history, culture, society ...

The post-truth era – in which emotions trump evidence, while trust in institutions, expertise and mainstream media is declining – is putting our information ecosystem under strain. At a time when information is increasingly being manipulated for ideological and economic purposes, public access to sources of trustworthy general-interest knowledge – such as national online encyclopaedias – can help boost our cognitive resilience. Basic, reliable background information about history, culture, society and politics is an essential part of our societies' complex knowledge ecosystem, and an important tool for anyone searching for knowledge, facts or figures.

Posted on 07-12-2018

Economic Dialogue with the European Commission on the 2019 European Semester Cycle

07-12-2018

Vice-President Dombrovskis and Commissioner Moscovici have been invited to an Economic Dialogue and Exchange of Views on the launch of the 2019 European Semester and the Commission opinions on the 2019 Draft Budgetary Plans of the Euro Area Member States, in line with the relevant EU law. This briefing note covers the main elements of the 2019 European Semester Package, proposed by the Commission, and the 2019 Draft Budgetary Plans of the Euro Area Member States, including the specific situation ...

Vice-President Dombrovskis and Commissioner Moscovici have been invited to an Economic Dialogue and Exchange of Views on the launch of the 2019 European Semester and the Commission opinions on the 2019 Draft Budgetary Plans of the Euro Area Member States, in line with the relevant EU law. This briefing note covers the main elements of the 2019 European Semester Package, proposed by the Commission, and the 2019 Draft Budgetary Plans of the Euro Area Member States, including the specific situation of Italy. It gives an overview of the implementation of the previous Semester Cycles and of the on-going work to strengthen the governance and the resilience of EMU.

Thematic overview: Member States whose 2019 DBPs are "at risk of non-compliance" with the Stability and Growth Pact

07-12-2018

This briefing gives an overview of recent European Commission (COM) opinions on the budgetary situation of five Member States (Belgium, Spain, France, Portugal and Slovenia) whose 2019 Draft Budgetary Plans (DBPs) are assessed to be “at risk of non-compliance” with their obligations under the Stability and Growth Pact (SGP) and of one country (Italy) whose 2019 DBP is considered to be in particularly serious non-compliance with its obligations under the SGP. This briefing will be updated as further ...

This briefing gives an overview of recent European Commission (COM) opinions on the budgetary situation of five Member States (Belgium, Spain, France, Portugal and Slovenia) whose 2019 Draft Budgetary Plans (DBPs) are assessed to be “at risk of non-compliance” with their obligations under the Stability and Growth Pact (SGP) and of one country (Italy) whose 2019 DBP is considered to be in particularly serious non-compliance with its obligations under the SGP. This briefing will be updated as further assessments by the COM become available during spring 2019.

Posted on 03-12-2018

Growth prospects, the natural interest rate, and monetary policy

03-12-2018

The recovery from the Global Financial Crisis was characterized by sluggish output growth and by inflation remaining persistently below the inflation targets of central banks in many advanced economies despite an unprecedented monetary expansion. Ten years after the Global Financial Crisis, GDP remains below its pre-crisis trend in many economies and interest rates continue to be very low worldwide. This raises the question of whether low GDP growth and low interest rates are a temporary phenomenon ...

The recovery from the Global Financial Crisis was characterized by sluggish output growth and by inflation remaining persistently below the inflation targets of central banks in many advanced economies despite an unprecedented monetary expansion. Ten years after the Global Financial Crisis, GDP remains below its pre-crisis trend in many economies and interest rates continue to be very low worldwide. This raises the question of whether low GDP growth and low interest rates are a temporary phenomenon or are due to a decline in long-run growth prospects (potential output growth) and equilibrium real interest rates (natural interest rate). In this paper, we address this for central banks very important question and discuss implications for monetary policy. This document was provided by Policy Department A at the request of the Committee on Economic and Monetary Affairs.

External author

S. FIEDLER, K.-J. GERN, N. JANNSEN (Kiel Institute for the World Economy), M. WOLTERS (Friedrich Schiller University Jena)

A monetary policy framework for the European Central Bank to deal with uncertainty

03-12-2018

We argue that monetary policy faces different challenges to those faced during the period of the great moderation. Greater uncertainties over the ability of monetary policy to control inflation, the instruments that should be used and their effects on financial stability imply that we need to rethink whether the current framework is appropriate. We recommend a few adaptions to the current framework that would provide greater flexibility to the European Central Bank without departing very far from ...

We argue that monetary policy faces different challenges to those faced during the period of the great moderation. Greater uncertainties over the ability of monetary policy to control inflation, the instruments that should be used and their effects on financial stability imply that we need to rethink whether the current framework is appropriate. We recommend a few adaptions to the current framework that would provide greater flexibility to the European Central Bank without departing very far from current practices (to avoid risking the credibility that the ECB has acquired since its inception). This document was provided by Policy Department A at the request of the Committee on Economic and Monetary Affairs.

External author

Grégory Claeys, Maria Demertzis, Jan Mazza

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