Download publication

Policy Brief

Rethinking industrial policy

Industrial policy has a bad name: ‘picking winners’ and thus distorting competition, while exposing government to capture by vested interests. But there are reasons for a rethink. First, climate change: without government intervention to jump-start massive private investment in clean technologies, governments, by default, encourage investment in dirtier technologies. Second, a new post-crisis realism: laissez-faire […]

By: , and Date: June 16, 2011 European Macroeconomics & GovernanceInnovation & Competition Policy Tags & Topics

Industrial policy has a bad name: ‘picking winners’ and thus distorting competition, while exposing government to capture by vested interests. But there are reasons for a rethink. First, climate change: without government intervention to jump-start massive private investment in clean technologies, governments, by default, encourage investment in dirtier technologies. Second, a new post-crisis realism: laissez-faire complacency by many governments has led to mis-investment in the non-tradable sector at the expense of growth-rich tradables. Third, China – and some other emerging economies – are big deployers of growth-enhancing sectoral policies. The challenge for Europe is how it can design and govern sectoral policies that are competition-friendly and thus growth-enhancing.

View comments
Read article More on this topic

Blog Post

Scott Marcus
IMG_20151119_103626

European e-commerce needs better visibility into cross-border delivery prices

Consumers, retail shippers, and European and national regulatory authorities could benefit from enhanced visibility into the price of shipping goods across borders in Europe.

By: J. Scott Marcus and Georgios Petropoulos Topic: Innovation & Competition Policy Date: May 25, 2016
Read about event More on this topic

Past Event

Past Event

Lessons for the euro from early US monetary and financial history

The United States has a monetary union that many look to when considering the future of the EU. But how easy was it really to create such a union and what can Europe learn from the US process?

Speakers: Jeffry Frieden and Guntram B. Wolff Topic: European Macroeconomics & Governance Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: May 25, 2016
Read article Download PDF More on this topic

Policy Contribution

E-commerce in Europe: parcel delivery prices in a digital single market

E-commerce in Europe: parcel delivery prices in a digital single market

The expansion of e-commerce, a substantial growth opportunity for Europe, is hampered by high cross-border parcel delivery prices. This paper analyses the economics of cross-border parcel delivery and it draws a comparison with the telecommunications sector.

By: J. Scott Marcus and Georgios Petropoulos Topic: Innovation & Competition Policy Date: May 25, 2016
Read about event

Upcoming Event

May
30
12:00

State Aid evaluation: two years of implementation

This event will discuss the evaluation of state aid and how it can contribute to better policy-making.

Speakers: Gert-Jan Koopman, Pantelis Koutroumpis, Bridget Micklem, Nicola Pesaresi, Theo Roelandt, Otto Toivanen, Reinhilde Veugelers and Georg Zachmann Topic: Energy & Climate, Innovation & Competition Policy Location: Bruegel, Rue de la Charité 33, 1210 Brussels
Read article Download PDF More by this author

Parliamentary Testimony

The European Deposit Insurance SchemeEuropean Parliament

The European Deposit Insurance Scheme

Statement prepared for the European Parliament’s ECON Committee Public Hearing of 23 May.

By: Guntram B. Wolff Topic: European Macroeconomics & Governance, European Parliament, Parliamentary Testimonies Date: May 23, 2016
Read about event More on this topic

Upcoming Event

Jun
7
12:30

Internet taxation: challenges and policy recommendations

As the economy moves online, it becomes more difficult for national tax authorities to collect revenue. How great is the impact, and what should corporate taxation look like in the digital age?

Speakers: Francis Bloch, Dmitri Jegorov, Helena Kiurusalmi, J. Scott Marcus and Georgios Petropoulos Topic: Innovation & Competition Policy Location: Bruegel, Rue de la Charité 33, 1210 Brussels
Read article More on this topic

Blog Post

Pia Hüttl
Silvia Merler

Sovereign bond holdings in the euro area - the impact of QE

Since the announcement of the QE programme by the European Central Bank (ECB) on 22 January 2015, national central banks have been buying government and national agency bonds. In this post we look at the effect of QE on sectoral holdings of government bonds, based on our recently updated dataset.

By: Pia Hüttl and Silvia Merler Topic: European Macroeconomics & Governance Date: May 19, 2016
Read article More on this topic

Blog Post

Grégory Claeys
Alvaro Leandro

Assessing the Juncker Plan after one year

With the Juncker Plan, the European Commission intends to support valuable risky projects by expanding the risk capacity of the EIB. But has the new European Fund for Strategic Investments really been used to finance 'additional' projects?

By: Grégory Claeys and Alvaro Leandro Topic: European Macroeconomics & Governance Date: May 17, 2016
Read about event More on this topic

Upcoming Event

Jun
27
08:30

Britain and the EU after the referendum

No matter the result, the UK's referendum on EU membership will be an important moment for Britain and Europe. The days after the result will offer an opportunity to reflect on what has happened, and what has changed.

Speakers: Sylvie Goulard, André Sapir, Philipp Steinberg and Guntram B. Wolff Topic: European Macroeconomics & Governance Location: Bruegel, Rue de la Charité 33, 1210 Brussels
Read about event More on this topic

Upcoming Event

Jun
30
13:00

The role of market definition in a globalised economy

Have competition authorities kept up with globalisation? Geographic market definition is one of the most pressing issues.

Speakers: Raphaël de Coninck, Giulio Federico, Amelia Fletcher, Bruce Lyons and J. Scott Marcus Topic: Innovation & Competition Policy Location: Bruegel, Rue de la Charité 33, 1210 Brussels
Read article More on this topic More by this author

Opinion

Guntram B. Wolff

European financing for the European refugee crisis

Protecting the EU's external borders is a shared task, which can be most effectively carried out if paid for with common funding. A tax on carbon combined with borrowing could fund refugee policy and also help the EU achieve its climate goals.

By: Guntram B. Wolff Topic: European Macroeconomics & Governance Date: May 11, 2016
Read about event More on this topic

Upcoming Event

Jul
14
12:30

Tackling antimicrobial resistance (AMR)

Pathological microbes are increasingly resistant to antimicrobial treatments. The resulting health crisis is one of the greatest challenges facing society. At this event, Jim O'Neill will present the Independent Review on Antimicrobial Resistance and a panel will discuss how to tackle drug resistance.

Speakers: Sally Davies, Charles Knirsch, Jim O‘Neill and Xavier Prats-Monné Topic: Innovation & Competition Policy Location: Bruegel, Rue de la Charité 33, 1210 Brussels
Load more posts