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Policy Departments' Monthly Highlights - December 2019

16-12-2019

The Monthly Highlights publication provides an overview, at a glance, of the on-going work of the policy departments, including a selection of the latest and forthcoming publications, and a list of future events.

The Monthly Highlights publication provides an overview, at a glance, of the on-going work of the policy departments, including a selection of the latest and forthcoming publications, and a list of future events.

EU industrial policy at the crossroads: Current state of affairs, challenges and way forward

02-12-2019

Industry plays a pivotal role in the EU's economy and growth model. Today, however, it stands at the crossroads, heavily affected by new disruptive forces, ranging from the rise of new technologies to shifts in global economic power and evolving geopolitical circumstances. Addressing these challenges raises a number of critical dilemmas, such as the need to pursue openness of markets and trade while protecting industry from unfair competition, or the need to promote greener and more sustainable industry ...

Industry plays a pivotal role in the EU's economy and growth model. Today, however, it stands at the crossroads, heavily affected by new disruptive forces, ranging from the rise of new technologies to shifts in global economic power and evolving geopolitical circumstances. Addressing these challenges raises a number of critical dilemmas, such as the need to pursue openness of markets and trade while protecting industry from unfair competition, or the need to promote greener and more sustainable industry while maintaining its global competitiveness. It also prompts a reconsideration of the EU's strategic positioning from a defensive to an offensive policy stance. These developments have triggered a lively debate on the need for a renewed, more assertive, comprehensive and coordinated industrial policy at EU level. This paper reviews the current state of affairs and key challenges facing the EU and provides an analysis of the main policy options going forward.

CETA implementation: SMEs and regions in focus

18-11-2019

The majority of provisions of the EU-Canada Comprehensive Comprehensive Economic and Trade Agreement (CETA) have been implemented since 21 September 2017, with the agreement’s provisional application pending full ratification. The aim of this EPRS analysis is to chart the state of play of CETA's ratification procedures, its key objectives, remaining controversies, and the initial results stemming from two years of provisional application, with a focus on regions and small and medium-sized enterprises ...

The majority of provisions of the EU-Canada Comprehensive Comprehensive Economic and Trade Agreement (CETA) have been implemented since 21 September 2017, with the agreement’s provisional application pending full ratification. The aim of this EPRS analysis is to chart the state of play of CETA's ratification procedures, its key objectives, remaining controversies, and the initial results stemming from two years of provisional application, with a focus on regions and small and medium-sized enterprises (SMEs). It is important to note that it is too early to evaluate the economic and social impacts of CETA. That will be the remit of the ex-post evaluation usually carried out by the European Commission five years after the start of provisonal application. By providing an overview of the early results of CETA implementation two years in, this analysis seeks to inform forthcoming deliberations on both CETA itself and other free trade agreements between the EU and various partner countries.

The Urgent Need for a Review of the ECB's Monetary Policy Strategy: Towards an Institutional Review

15-11-2019

It has been sixteen years since the European Central Bank has undertaken a review of its monetary policy. In the intervening time, the world – and the economic challenges facing the ECB – have changed immensely. This paper argues that a review is overdue but that it should not be limited to policies; instead, an institutional review is needed. This would consist of a backward-looking assessment of outcomes versus mandates, coupled with a forward-looking scenario planning exercise. This document was ...

It has been sixteen years since the European Central Bank has undertaken a review of its monetary policy. In the intervening time, the world – and the economic challenges facing the ECB – have changed immensely. This paper argues that a review is overdue but that it should not be limited to policies; instead, an institutional review is needed. This would consist of a backward-looking assessment of outcomes versus mandates, coupled with a forward-looking scenario planning exercise. This document was provided by Policy Department A for the European Parliament's Committee on Economic and Monetary Affairs.

Parlamendiväline autor

Christopher A. HARTWELL

Task Ahead: Review of the ECB's Monetary Policy Strategy

15-11-2019

The new ECB President, Ms Christine Lagarde, indicated in her appointment hearing in ECON on 4 September, that she would be open to a review of the ECB’s monetary policy strategy. The last review was carried out in 2003. ECON’s Monetary Expert Panel has produced 5 papers on this topic ahead of the Monetary Dialogue on 2 December. This publication is provided by Policy Department A at the request of the Committee on Economic and Monetary Affairs (ECON).

The new ECB President, Ms Christine Lagarde, indicated in her appointment hearing in ECON on 4 September, that she would be open to a review of the ECB’s monetary policy strategy. The last review was carried out in 2003. ECON’s Monetary Expert Panel has produced 5 papers on this topic ahead of the Monetary Dialogue on 2 December. This publication is provided by Policy Department A at the request of the Committee on Economic and Monetary Affairs (ECON).

Parlamendiväline autor

Christophe BLOT, Jérôme CREEL, Paul HUBERT, Daniel GROS, Angela CAPOLONGO, Jérémie COHEN-SETTON, Christopher G. COLLINS, Joseph E. GAGNON, Karl WHELAN, Christopher A. HARTWELL

Research for AGRI committee - The EU farming employment: current challenges and future prospects (Study + Annex)

15-10-2019

This study outlines the current trends and patterns of farming employment in the EU and discusses possible development paths for the European agricultural labour force. In particular, this study investigates the drivers of and structural changes within agricultural labour markets at regional, national and EU level, building on a range of quantitative and qualitative analysis methods.

This study outlines the current trends and patterns of farming employment in the EU and discusses possible development paths for the European agricultural labour force. In particular, this study investigates the drivers of and structural changes within agricultural labour markets at regional, national and EU level, building on a range of quantitative and qualitative analysis methods.

Parlamendiväline autor

A. Maucorps; A. Münch; S. Brkanovic; B. Schuh; J. Dwyer; M. Vigani; A. Khafagy; M. Coto Sauras; P. Deschellette; A. Lopez; S. Severini; F. Antonioli; R. Gaugitsch; J. Powell; K. Kubinakova; M. Derszniak-Noirjean; C. Salasan; M. Gaupp-Berghausen; C.-H. Hsiung; F. Fasching; F. Keringer

Policy Departments' Monthly Highlights - September 2019

16-09-2019

The Monthly Highlights publication provides an overview, at a glance, of the on-going work of the policy departments, including a selection of the latest and forthcoming publications, and a list of future events.

The Monthly Highlights publication provides an overview, at a glance, of the on-going work of the policy departments, including a selection of the latest and forthcoming publications, and a list of future events.

Achievements and innovations under Mr Draghi’s Presidency and challenges ahead

16-09-2019

For the September 2019 session of the Monetary Dialogue, the Committee on Economic and Monetary Affairs (ECON) tasked monetary experts to analyse achievements of Mr Draghi's Presidency of the European Central Bank and identify challenges for the future architecture of the Economic and Monetary Union (EMU). This note, prepared by Policy department A, gives an overview of in-depth analyses prepared by the experts.

For the September 2019 session of the Monetary Dialogue, the Committee on Economic and Monetary Affairs (ECON) tasked monetary experts to analyse achievements of Mr Draghi's Presidency of the European Central Bank and identify challenges for the future architecture of the Economic and Monetary Union (EMU). This note, prepared by Policy department A, gives an overview of in-depth analyses prepared by the experts.

The Euro at 20: Successes, Problems, Progress and Threats

30-01-2019

The euro project has had a difficult second decade but it is worth remembering its successes. The ECB has successfully achieved its primary goal of price stability and the common currency is popular among the euro area’s citizens. This popularity has made the euro more resilient than many people thought possible twenty years ago. A significant number of improvements have been made to the architecture of EMU, have been implemented in the past decade but serious problems remain, relating to fiscal ...

The euro project has had a difficult second decade but it is worth remembering its successes. The ECB has successfully achieved its primary goal of price stability and the common currency is popular among the euro area’s citizens. This popularity has made the euro more resilient than many people thought possible twenty years ago. A significant number of improvements have been made to the architecture of EMU, have been implemented in the past decade but serious problems remain, relating to fiscal capacity, sovereign default and financial stability. To keep the euro together, Europe’s politicians need to make the euro area less crisis-prone and also an easier place to be during the inevitable cyclical downturns that will happen in the future. The economics profession has provided many plans for future improvements. It is up to Europe’s politicians to implement them. This document was provided by Policy Department A at the request of the Committee on Economic and Monetary Affairs.

Parlamendiväline autor

Professor Karl Whelan

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.

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