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Policy Brief

Making low-carbon technology support smarter

This Policy Brief describes the interaction between three approaches that are effective in driving innovation in low-carbon technologies. Based on that, the author provides four recommendations for making low-carbon technology support smarter.

By: Georg Zachmann Topic: Energy & Climate Date: August 18, 2015
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Working Paper

The grand divergence: global and European current account surpluses

The grand divergence: global and European current account surpluses

This Working Paper assesses various explanations for the EU’s increased current account surpluses.

By: Zsolt Darvas Topic: Global Economics & Governance Date: August 13, 2015
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Policy Contribution

Addressing fragmentation in EU mobile telecom markets

Addressing fragmentation in EU mobile telecom markets

This Policy Contribution looks at EU mobile telecoms markets and analyses potential concrete measures to improve end-users’ access conditions and address EUmarket fragmentation.

By: Mario Mariniello and Francesco Salemi Topic: Innovation & Competition Policy Date: August 4, 2015
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Policy Contribution

Reform momentum and its impact on Greek growth

Reform momentum and its impact on Greek growth

The time is ripe to analyse in fine detail the conditions attached to the Greek programmes and to look in particular at the degree of structural reform implementation under the first and second programmes, the speed at which implementation took place, and the headings under which reforms were enacted, especially compared to the other euro-area programme countries.

By: Alessio Terzi Topic: European Macroeconomics & Governance Date: July 29, 2015
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Policy Contribution

Antitrust, regulatory capture and economic integration

Antitrust, regulatory capture and economic integration

The paper investigates the distortions that national competition authorities generate when they pursue non-competitive goals in favour of domestic firms, and discusses ways to address this negative policy development in a globalised world.

By: Mario Mariniello, Damien Neven and Jorge Padilla Topic: Innovation & Competition Policy Date: July 22, 2015
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Working Paper

The Vulnerability of Europe's Small and Medium-Sized Banks

The Vulnerability of Europe's Small and Medium-Sized Banks

Stress tests show significant weaknesses in Europe's small and medium-sized banks. Strengthening the banking system is important to achieve a sustainable recovery because it will revitalise credit to the healthier segments of the economy. But instead of emphasising bank recapitalisation, we believe the task is to shrink the banking sector to a healthier core.

By: Ashoka Mody and Guntram B. Wolff Topic: Finance & Financial Regulation Date: July 15, 2015
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Working Paper

Europe's exports superstar - it's the organisation!

Europe's exports superstar - it's the organisation!

What explains Germany’s superb export performance? Is Germany’s export behaviour very distinct compared to other European countries?

By: Dalia Marin, Jan Schymik and Jan Tscheke Topic: Global Economics & Governance Date: July 14, 2015
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Working Paper

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The political economy of financial crisis policy

Government intervention to stabilise financial systems in times of banking crises ultimately involves political decisions. This paper sheds light on how certain political variables influence policy choices during banking crises and hence have an impact on fiscal outlays. 

By: Mícheál O’Keeffe and Alessio Terzi Topic: European Macroeconomics & Governance, Finance & Financial Regulation Date: July 7, 2015
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Policy Contribution

Designing a new EU-Turkey strategic gas partnership

Designing a new EU-Turkey strategic gas partnership

This Policy Contribution discusses what the EU and Turkey can expect from the establishment of a new strategic energy partnership. The authors focus on the Southern Gas Corridor, but also assess the impact of the Turkish Stream project.

By: Simone Tagliapietra and Georg Zachmann Topic: Energy & Climate Date: July 1, 2015
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External Publication

Policy lessons from financing innovative firms

Policy lessons from financing innovative firms

There has been increasing concern from policy makers around the world about the lack of access to finance for young innovative firms. As a result, governments in many OECD countries have sought to address the financing gap and perceived market failures by supporting the seed and early stage market.

By: Karen E. Wilson Topic: Innovation & Competition Policy Date: June 25, 2015
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Policy Contribution

The effects of ultra-loose monetary policies on inequalityEuropean Parliament

The effects of ultra-loose monetary policies on inequality

This Policy Contribution was prepared for the European Parliament Committee on Economic and Monetary Affairs. It assesses the impact of ultra-loose monetary policies on income and wealth distribution in the euro area.

By: Grégory Claeys, Zsolt Darvas, Alvaro Leandro and Thomas Walsh Topic: European Macroeconomics & Governance, European Parliament Date: June 24, 2015
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Policy Contribution

The UK’s EU vote: the 1975 precedent and today’s negotiations

The UK’s EU vote: the 1975 precedent and today’s negotiations

As the United Kingdom will hold a referendum before the end of 2017 on its continued EU membership, Emmanuel Mourlon-Druol draws lessons from the first UK referendum of 1975 on the EU.

By: Emmanuel Mourlon-Druol Topic: European Macroeconomics & Governance Date: June 21, 2015
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