ThinkTank logo Dokumenter, der bidrager til udformningen af ny EU-lovgivning
Offentliggjort den 22-09-2021

Participation in early education and care

22-09-2021

Following research findings on the positive impact of early childhood education, EU education ministers set a participation target for 2030 at 96 % of all children three years and over. This will depend on having enough places that are accessible and affordable. At the same time, the quality of the provision is just as important to reap the potential benefits. This infographic looks at the current participation of young children in early childhood education and what Member States are doing to improve ...

Following research findings on the positive impact of early childhood education, EU education ministers set a participation target for 2030 at 96 % of all children three years and over. This will depend on having enough places that are accessible and affordable. At the same time, the quality of the provision is just as important to reap the potential benefits. This infographic looks at the current participation of young children in early childhood education and what Member States are doing to improve upon it.

EU economic developments and projections

22-09-2021

This briefing provides a summary of the recent economic developments in the EU Member States and gives an overview of relevant economic projections forecasted by major international and EU institutions

This briefing provides a summary of the recent economic developments in the EU Member States and gives an overview of relevant economic projections forecasted by major international and EU institutions

European Parliament involvement in scrutinising the Recovery and Resilience Facility

22-09-2021

This note provides a brief overview of Parliament involvement in scrutinising the Recovery and Resilience Facility (and the European Union Recovery Instrument). It is based on Regulation 2021/241 of 21 February, setting out the Recovery and Resilience Facility, and the relevant parts of the new Interinstitutional Agreement on budgetary matters established between the Parliament, the Council and the Commission. It does not cover nor discusses in detail other instruments or frameworks for scrutiny, ...

This note provides a brief overview of Parliament involvement in scrutinising the Recovery and Resilience Facility (and the European Union Recovery Instrument). It is based on Regulation 2021/241 of 21 February, setting out the Recovery and Resilience Facility, and the relevant parts of the new Interinstitutional Agreement on budgetary matters established between the Parliament, the Council and the Commission. It does not cover nor discusses in detail other instruments or frameworks for scrutiny, namely those relating to the European Semester, EU budgetary procedures, written or oral questions or any discharge procedures. This paper updates an earlier one initially published on January 2021.

The Tail Wagging the Dog? Overcoming Financial Dominance

13-09-2021

The idea of financial dominance has gained some notoriety in recent years as a further constraint on central bank policymaking. This paper examines the reality of financial dominance and how the financial sector may be an impediment to the necessary unwinding of all unconventional monetary policies in Europe. In line with the existing literature, I conclude that the financial sector has been made more vulnerable as a result of quantitative easing – and allowing the financial tail to wag the monetary ...

The idea of financial dominance has gained some notoriety in recent years as a further constraint on central bank policymaking. This paper examines the reality of financial dominance and how the financial sector may be an impediment to the necessary unwinding of all unconventional monetary policies in Europe. In line with the existing literature, I conclude that the financial sector has been made more vulnerable as a result of quantitative easing – and allowing the financial tail to wag the monetary dog will lead to only more vulnerability. This paper was provided by the Policy Department for Economic, Scientific and Quality of Life Policies at the request of the committee on Economic and Monetary Affairs (ECON) ahead of the Monetary Dialogue with the ECB President on 27 September 2021.

Ekstern forfatter

Christopher A. HARTWELL

What About Policy Normalisation?

13-09-2021

As the ECB follows the time-honoured inflation targeting strategy, it runs the risk of, once more, failing to normalise its policy in time for the next unexpected shock. With interest rates at their lower bounds and facing historic uncertainty that undermines its policy effectiveness, a strong case can be made for developing a Plan B. This paper was provided by the Policy Department for Economic, Scientific and Quality of Life Policies at the request of the committee on Economic and Monetary Affairs ...

As the ECB follows the time-honoured inflation targeting strategy, it runs the risk of, once more, failing to normalise its policy in time for the next unexpected shock. With interest rates at their lower bounds and facing historic uncertainty that undermines its policy effectiveness, a strong case can be made for developing a Plan B. This paper was provided by the Policy Department for Economic, Scientific and Quality of Life Policies at the request of the committee on Economic and Monetary Affairs (ECON) ahead of the Monetary Dialogue with the ECB President on 27 September 2021.

Ekstern forfatter

Charles WYPLOSZ

Recovery and Resilience Plans - state of play (September 2021)

22-09-2021

This document provides a state of play of the Recovery and Resilience Plans (RRPs) under the Recovery and Resilience Facility (RRF) covering, notably, Commission assessment and Council adoption procedures. It is based on an earlier EGOV paper, dated June 2021. The document will be regularly updated.

This document provides a state of play of the Recovery and Resilience Plans (RRPs) under the Recovery and Resilience Facility (RRF) covering, notably, Commission assessment and Council adoption procedures. It is based on an earlier EGOV paper, dated June 2021. The document will be regularly updated.

Financial Dominance: Not an Immediate Danger

13-09-2021

Financial dominance describes a situation in which a central bank does not dare to tighten its policy stance as this would threaten the stability of the financial system. The danger of this happening is limited at present. The banking system is well capitalised. Private credit has not expanded much, not even during the COVID-19 recession in most euro area countries – except in France. However, in some countries, the financial sector remains highly exposed to sovereign debt. "Indirect financial dominance ...

Financial dominance describes a situation in which a central bank does not dare to tighten its policy stance as this would threaten the stability of the financial system. The danger of this happening is limited at present. The banking system is well capitalised. Private credit has not expanded much, not even during the COVID-19 recession in most euro area countries – except in France. However, in some countries, the financial sector remains highly exposed to sovereign debt. "Indirect financial dominance" could thus easily arise if sovereign risk premia return. Continuing asset purchases under the PEPP increases the danger of fiscal dominance. This paper was provided by the Policy Department for Economic, Scientific and Quality of Life Policies at the request of the committee on Economic and Monetary Affairs (ECON) ahead of the Monetary Dialogue with the ECB President on 27 September 2021.

Ekstern forfatter

Daniel GROS, Farzaneh SHAMSFAKHR

Is High Inflation the New Challenge for Central Banks?

13-09-2021

In this paper we briefly review the macroeconomic theory of inflation, relating it to the recent developments in the advanced economies. Then, we analyse the drivers of the rise in inflation observed in 2021 in the United States and in Europe, and we illustrate the factors that may affect the inflationary scenario of the advanced economies in the longer term. Finally, we discuss what challenges the Federal Reserve and the European Central Bank have to meet in the face of current inflationary pressures ...

In this paper we briefly review the macroeconomic theory of inflation, relating it to the recent developments in the advanced economies. Then, we analyse the drivers of the rise in inflation observed in 2021 in the United States and in Europe, and we illustrate the factors that may affect the inflationary scenario of the advanced economies in the longer term. Finally, we discuss what challenges the Federal Reserve and the European Central Bank have to meet in the face of current inflationary pressures. This paper was provided by the Policy Department for Economic, Scientific and Quality of Life Policies at the request of the committee on Economic and Monetary Affairs (ECON) ahead of the Monetary Dialogue with the ECB President on 27 September 2021.

Ekstern forfatter

Luigi BONATTI, Roberto TAMBORINI

The role of non-financial performance indicators and integrated reporting in achieving sustainable value creation

10-09-2021

Structured analysis of the current scientific evidence on the effects of sustainability reporting including non-financial performance indicators, stand-alone sustainability reporting as well as integrated reporting. It discusses the benefits and challenges particularly related to internal decision-making, external transparency as well as financial and non-financial/environmental, social and governance effects. Further, it offers policy recommendations in view of the European Commission’s proposal ...

Structured analysis of the current scientific evidence on the effects of sustainability reporting including non-financial performance indicators, stand-alone sustainability reporting as well as integrated reporting. It discusses the benefits and challenges particularly related to internal decision-making, external transparency as well as financial and non-financial/environmental, social and governance effects. Further, it offers policy recommendations in view of the European Commission’s proposal on the Corporate Sustainability Reporting Directive.

Ekstern forfatter

Tami DINH, Anna HUSMANN, Gaia MELLONI

Offentliggjort den 21-09-2021

General product safety regulation

21-09-2021

On 30 June 2021, the Commission adopted a proposal for a general product safety regulation, which would replace the current General Product Safety Directive, as part of the regulatory fitness-check programme (REFIT). The proposal seeks to address the challenges of product safety of emerging technologies, including use of artificial intelligence (AI) and connected devices, and to establish clear obligations for online marketplaces, which consumers increasingly use for their online purchases. The proposal ...

On 30 June 2021, the Commission adopted a proposal for a general product safety regulation, which would replace the current General Product Safety Directive, as part of the regulatory fitness-check programme (REFIT). The proposal seeks to address the challenges of product safety of emerging technologies, including use of artificial intelligence (AI) and connected devices, and to establish clear obligations for online marketplaces, which consumers increasingly use for their online purchases. The proposal would create a single set of market surveillance rules for both harmonised and non-harmonised products, including by aligning the provisions with the Market Surveillance Regulation, and would improve the effectiveness of product recalls. For non-harmonised products where neither manufacturers nor distributors are established in the European Union, it would introduce a requirement for a person to be responsible for the product in the Union. The proposal would clarify consumer remedies and harmonise maximum penalties for infringements. In the European Parliament, the file has been provisionally referred to the Committee on the Internal Market and Consumer Protection. First edition. The 'EU Legislation in Progress' briefings are updated at key stages throughout the legislative procedure.

Kommende begivenheder

27-09-2021
Turning the tide on cancer: the national parliaments' view on Europe's Cancer Plan
Anden begivenhed -
BECA
27-09-2021
US trade policy
Høring -
INTA
27-09-2021
Consumer protection and automated decision-making tools in a modern economy
Høring -
IMCO

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