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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

How should housing be treated in the HICP?

Analiză aprofundată 29-10-2021

The ECB has approved a plan to include a measure of the cost of owner-occupied housing in the HICP. This paper reviews the various methodologies that are used to incorporate this element into consumer price indices. It recommends the use of a rental equivalence approach rather than the net acquisitions approach currently used in Eurostat’s experimental price index of owner-occupied housing. This paper was provided by the Policy Department for Economic, Scientific and Quality of Life Policies at ...

Owner-occupied housing costs represent an important expenditure for households and should be included in the Harmonised Index of Consumer Prices. Conceptual and practical challenges must be resolved before this can be implemented. Estimates suggest that these costs would have a small impact on monetary policy. At the same time, different degrees of home ownership in the euro area mean that their inclusion may affect countries differently. Significant complementarity with other EU policies, like financial ...

We discuss the full inclusion of the owner-occupied housing costs (OOHCs) in the EU's harmonised index of consumer prices (HICP). We briefly review the main methods used for including these costs into consumer price indices, and in particular the reasons why the EU authorities prefer to adopt the net acquisitions approach rather than the rent equivalence approach, as other major countries did. We also argue that in the current scenario an acceleration of the EU's roadmap towards a full inclusion ...

The harmonised index of consumer prices (HICP) is the measure used by the European Central Bank (ECB) to define its price stability target and guide policy. As such, it needs to relate closely to the actual inflation that households in the euro area are experiencing. Housing costs, an important part of household expenditures, are currently included in the HICP index through rental costs and only some minor elements of owner-occupied housing (OOH) costs. In July 2021, the ECB Governing Council recommended ...

Fighting discrimination in sport

Briefing 09-07-2021

Even though the European Union (EU) has built an extensive framework of legislation, instances of racism and homophobia in sport are still rife. Interestingly, Eurostat surveys reveal that the feeling of discrimination is more widespread than actual discrimination. Although there are some variations, discrimination in sport very frequently involves stigmatisation on the basis of external characteristics such as skin colour, body shape and gender. Data from 2017 show that some 3 % of respondents claimed ...

Asylum is a form of international protection given by a state on its territory to someone who is threatened by persecution on grounds of race, religion, nationality, membership of a particular group or political opinion in their country of origin or residence. This infographic provides an overview of the number of third-country nationals seeking asylum in EU Member States, their success in asylum procedures, and requests for transfers between Member States, as a consequence of the Dublin Regulation ...

This paper explores the specificities of islands of the European Union (including Outermost Regions), as well as their challenges and existing means of development. It aims to provide a basis for future discussions and research dedicated to islands’ situation, including the impact of the pandemic on their future development potential. This analysis includes an overview of policy responses for islands' challenges, focusing on Cohesion Policy. Recommendations address, inter alia, decarbonisation, sustainability ...

The demographic situation in the EU-27 has an important influence on a number of areas, ranging from the labour market, to healthcare and pension systems, and education. Recent developments reinforce already existing demographic trends: a strongly ageing population due to lower fertility rates and increasing life expectancy, coupled with a shrinking working-age population. According to research, the coronavirus pandemic has led to slightly higher mortality rates and possibly to lower birth rates, ...

This paper explores the specificities of islands of the European Union (including Outermost Regions), as well as their challenges and existing means of development. It aims to provide a basis for future discussions and research dedicated to islands’ situation, including the impact of the pandemic on their future development potential. This analysis includes an overview of policy responses for islands' challenges, focusing on Cohesion Policy. Recommendations address, inter alia, decarbonisation, sustainability ...