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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
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Book

Bruegel annual report 2015

Bruegel annual report 2015

The Bruegel annual report provides a broad overview of the organisation's work in the previous year.

By: Bruegel Date: April 28, 2016
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Policy Brief

ENERGY ACROSS  THE MEDITERRANEAN:  A CALL FOR REALISM

Energy across the Mediterranean: a call for realism

After almost two decades of unproductive regional cooperation attempts, the EU should reshape its energy cooperation efforts in the Mediterranean through new bilateral approaches

By: Simone Tagliapietra and Georg Zachmann Topic: Energy & Climate Date: April 28, 2016
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Policy Brief

Financial risks and opportunities in the time of climate change

Financial risks and opportunities in the time of climate change

The current unsustainable use of our environment can lead to financial crisis. To address this risk, financial institutions should measure their exposure to ecological imbalances using methodologies such as carbon and natural capital accounting.

By: Dirk Schoenmaker and Rens van Tilburg Topic: Energy & Climate Date: April 22, 2016
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Policy Contribution

The European Union’s growing innovation divide

The European Union’s growing innovation divide

This Policy Contribution examines the EU’s struggle to improve its capacity for innovation, in particular the differences between EU member states in terms of their capacity to innovate.

By: Reinhilde Veugelers Topic: Innovation & Competition Policy Date: April 7, 2016
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Policy Contribution

A proposal to revive the European Fiscal Framework

A proposal to revive the European Fiscal Framework

The current European fiscal framework is inefficient. It should be replaced with a system based on rules more suited to the two core objectives: public debt sustainability and fiscal stabilisation. The rules should be more transparent and easier to implement. These reforms would promote greater compliance.

By: Grégory Claeys, Zsolt Darvas and Alvaro Leandro Topic: European Macroeconomics & Governance Date: March 29, 2016
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Policy Contribution

The United States dominates global investment banking: does it matter for Europe?

The United States dominates global investment banking: does it matter for Europe?

Europe’s banks are in retreat from playing a global investment banking role, and this trend is likely to continue in the future. What will be the consequences and what should be the policy response?

By: Charles Goodhart and Dirk Schoenmaker Topic: Finance & Financial Regulation, Global Economics & Governance Date: March 7, 2016
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Working Paper

The dynamics of leniency application and the knock-on effect of cartel enforcement

The dynamics of leniency application and the knock-on effect of cartel enforcement

This paper shows that antitrust investigation in a market increases leniency applications in related markets. The authors used a novel application of multi-spell discrete-time survival analysis for a sample of cartels prosecuted by the EC between 1996 and 2014.

By: Jun Zhou Topic: Innovation & Competition Policy Date: February 29, 2016
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Working Paper

Getting the most from public R&D spending in times of budgetary austerity

Getting the most from public R&D spending in times of budgetary austerity

The dangerous cocktail of high debt and low growth in Europe calls for smart public investment that fosters growth whithout being a burden for public finances. Can public spending in R&D sustain innovation and growth, and does it qualify as a smart investment?

By: Reinhilde Veugelers Topic: Innovation & Competition Policy Date: February 24, 2016
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Policy Contribution

WhIch fiscal union for the euro area?

Which fiscal union for the euro area?

At the current level of political and societal integration, a large federal budget is unrealistic in the euro area. The authors make three recommendations that would lead national fiscal policies to be more stabilising with respect to the economic cycle, while achieving long-term sustainability. They also recommend a move towards a European unemployment insurance scheme targeted at ‘large’ shocks, and a minimum set of labour-market harmonisation criteria.

By: Xavier Ragot, Guntram B. Wolff and Agnès Bénassy-Quéré Topic: European Macroeconomics & Governance Date: February 18, 2016
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Policy Contribution

The European Central Bank’s quantitative easing programme: limits and risksEuropean Parliament

The European Central Bank’s quantitative easing programme: limits and risks

The ECB has made a series of changes to its QE programme in order to expand the universe of purchasable assets and have more flexibility in the execution of the programme. However this might not be enough to sustain QE throughout 2017. The extension of the programme also raises questions about its potential adverse consequences.

By: Grégory Claeys and Alvaro Leandro Topic: European Macroeconomics & Governance, European Parliament Date: February 15, 2016
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Policy Contribution

Should the ‘outs’ join the European banking union?

Should the ‘outs’ join the European banking union?

This paper analyses the banking linkages between the nine ‘outs’ and 19 ‘ins’ of the banking union. It finds that the out countries could profit from joining banking union, because it would provide a stable arrangement for managing financial stability.

By: Pia Hüttl and Dirk Schoenmaker Topic: European Macroeconomics & Governance Date: February 4, 2016
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