This Blueprint offers an in-depth analysis of inequalities of income and wealth in the EU, as well as their causes and consequences. How evenly are the benefits of growth distributed in our economies, and what does this mean for fairness and social mobility? How could and should policymakers react?
The current fairly peripheral role of China in the global financial regulatory system is increasingly problematic. The system needs a guiding vision in which China becomes much more central – a ‘Chinese dream.’ This paper outlines three clusters of initiatives to achieve a global financial regulatory system in which China holds a major position.
Private debt is emerging as a central concern in EU policy. However, the Commission’s regular country reports still give more attention to sovereign than private debt – even though there is always a risk that private liabilities will be socialised. Consistent and more detailed indicators of private debt distress could offer a more effective input to policy.
Energy taxes contribute significantly to public budgets in the EU, but with the aim to reduce greenhouse emissions, the EU will have to fully decarbonise its energy system. However, taxing green energy poses a significant challenge, which could result in a tax revenue gap. Before this becomes a reality, European governments must start looking for alternative sources of public finance.
How can we fix the deficiencies in the EU financial system? Bank-state-nexus, business models and the missing level playing field
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What’s at stake: there has been quite some discussion recently on whether we should rethink the framework of fiscal policy in order to make it more appropriate and effective in a world where demand seems to be chronically anemic, inflation is low and the interest rates are likely to stay close to zero (if not negative) for a long time. According to some of the authors, in the Eurozone these concerns are particularly pressing.
Which political and economic policy domains link India and Europe? Which key issues, challenges and debates are engaging the Modi government half-way through its five-year term? This post sets the scene for periodic posts on strategic dimensions of relations between India and Europe now and into the future.
It is important for firms to meet the standards for trade but this can can prove difficult, especially for small and medium sized enterprises (SME).
In 1980, the Export Oriented Unit (EOU) Scheme was launched in India to boost exports and increase production. Though a number of provisions and exemptions including both fiscal and non-fiscal incentives have been extended to the Scheme to achieve the desired goal, the performance of EOUs has been far from satisfactory, particularly in the past few years. Therefore, it is time for a relook at the EOU Scheme for export promotions in context of report on performance of EOU Scheme by the Comptroller and Auditor General (CAG) of India. This issue is pertinent in the context of India’s declining exports and rising trade deficit.