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Economic Dialogue with Portugal 8 September 2022

Задълбочен анализ 06-09-2022

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 and exchange of views with Fernando Medina, Minister of Finance of Portugal, in the ECON committee of the European Parliament. The invitation for an exchange of views is in accordance with the EU economic governance framework. The last exchange of views with the Portuguese authorities took place in November 2016.

We examine the role of inflation expectations in conditioning monetary policy, addressing three of its facets. The first concerns the channels through which inflation expectations impinge upon actual inflation, and their policy implications. The second facet regards the technical and empirical issues involved in keeping track of inflation expectations for monetary policy purposes. The final facet is an assessment of inflation expectations vis-à-vis the current upsurge of inflation, wondering whether ...

This note presents the EU Member States' situation with respect to the Macroeconomic Imbalance Procedure (MIP), taking into account the most recent assessments and decisions by the European Commission and the Council. It presents the relations between the MIP and the Recovery and Resilience Facility, and the MIP in the context of the review of the EU economic governance. It also gives an overview of relevant positions taken on the MIP by EU institutions. A separate EGOV note summarises the Macroeconomic ...

The European Central Bank's (ECB) main objective is stable inflation in the Economic and Monetary Union (EMU). During the financial crisis, the ECB decided to face the economic slump by, amongst other actions, increasing and then decreasing interest rates and the money supply. In addition, it launched a quantitative easing (QE) programme which aims to stabilise some Member State economies. The ECB's monetary decisions evoked mixed reactions in the euro area and triggered a debate on the relevance ...

This note take into account the recent experience following the adoption of the Data Collection Regulation needed to conduct the common fishery policy (Reg. EC 1543/2000), the improvements over time and the opportunities offered by the recent Reg.(EC) 199/2008. The general framework is now more adapted to the complex reality of the EU fishing fleets, following also a regional approach and setting more adequate provision for the management of data and the international approach to the management of ...

Common Intervention Policies: Towards the Model of a 'Policy Area'

Задълбочен анализ 01-11-2003

This paper examines and analyses Common Agricultural Policy, The Common Fisheries Policy as well as the Cohesion and Structural Funds Policies, and looks at the future perspectives for the common intervention policies, including the possible effects of EU enlargement.