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Economy

OECD Compendium of Productivity Indicators 2012

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Friday, November 1, 2013
Abstract in English: 
This document presents an overview of recent trends in productivity level and growth in OECD countries, based on a large set of indicators. It also highlights the measurement issues involved in compiling indicators used for the analysis of issues related to productivity.
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Towards a Green Economy in Europe: EU Environmental Policy Targets and Objectives 2010-2050

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Monday, July 1, 2013
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The 'green economy' has emerged as a priority in policy debate in recent years. But what does the concept mean in practice and how can decision-makers measure progress towards this strategic goal ? This report provides some answers, presenting a detailed overview of the key objectives and targets in EU environmental policy and legislation for the period 2010-2050. It focuses on selected environmental and resource policy areas, specifically: energy; greenhouse gas (GHG) emissions and ozone-depleting substances; air quality and air pollution; transport sector emissions of greenhouse gases and air pollutants; waste; water; sustainable consumption and production (SCP); chemicals; biodiversity and land use.
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Future Scenarios for the Eurozone: 15 Perspectives on the Euro Crisis

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Friday, March 1, 2013
Abstract in English: 
The Eurozone is standing at a crossroads, facing the biggest challenges in its history: the systemic crisis and the political attempts to overcome it have far-reaching consequences for the future of the Economic and Monetary Union, European integration and Europe in the world. By identifying the main driving forces that influence the future development of the Economic and Monetary Union, a number of different scenarios were developed to show what the Eurozone will look like in the year 2020. Four major scenarios are imaginable: (A) Muddling through the Crisis. The Eurozone remains a house without a protecting roof. (B) Break-up of the Eurozone. The Euro house falls apart. (C) Core Europe: evolution of two-level integration with a smaller and stable, but exclusionary Euro house. (D) Completion of the Monetary Union by a fiscal and political union. The roof is repaired and construction completed.
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Economic Policy Reforms: Going for Growth 2013

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Friday, February 15, 2013
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Going for Growth builds on OECD expertise on structural policy reforms and economic performance to provide policymakers with a set of concrete recommendations on reform areas identified as priorities for sustained growth. The OECD has identified reform recommendations to boost real incomes and employment through the Going for Growth analysis for each OECD country since 2005 and, more recently, for the BRIICS. This benchmarking exercise provides a tool for governments to reflect on policy reforms that affect their citizens’ long-term living standards. Since the 2009 Pittsburgh Summit, Going for Growth has contributed to the G20 regular work programme to achieve Strong, Sustainable and Balanced Growth, notably through the so called Mutual Assessment Process. For each country, five policy priorities are identified based on their ability to improve long term material living standards through higher productivity and employment. The priorities broadly cover product and labour market regulations; education and training; tax and benefit systems; trade and investment rules; and innovation policies. This issue reviews the progress made on previous recommendations and identifies new priorities for the near term. It also looks at the potential impact of Going for Growth policy recommendations on public policy goals other than GDP growth.
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The Future of Europe's Economy: Disaster or Deliverance?

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Wednesday, September 18, 2013
Abstract in English: 
Europe’s economy is finally showing tentative signs of stabilising. But does this mark the start of a robust recovery, or is it, in the language of the markets, a ‘dead cat bounce’? The Centre for European Reform asked four leading European economists to predict how things would look in 2020. Their answers differ sharply. The future of the European project will to a large extent depend on which of the four authors is most right. If the eurozone as a whole, and its debtor states in particular, suffer prolonged stagnation and funding crises, popular faith in European integration could be hit hard. Aside from casting doubt over the future of the euro, the damage to the EU’s single market, perhaps Europe’s biggest economic asset, and to relations between member-states would be considerable. Conversely, if the eurozone stages a sustained economic recovery, and the currency union’s debtor countries are able to honour their debt burdens while engineering a bounce-back in living standards, the outlook for the euro (and the EU more generally) will be much brighter.
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The European Financial Crisis: Constitutional Aspects and Implications

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Wednesday, September 19, 2012
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With its provisions on the EMU, the Maastricht Treaty introduced a new, ’macroeconomic’ layer into the European economic constitution. The Maastricht layer of the European economic constitution was based on the following principles: exclusive competence of the EU in monetary policy in the euro area; price stability as the primary objective of Europeanized monetary policy; independence of the ECB and national central banks; Member State sovereignty in fiscal and economic policy with the Union accomplishing a mere coordinating task; Member State fiscal liability as the reverse of their fiscal sovereignty; and primacy of price stability pursued by Europeanized monetary policy over national fiscal-policy objectives. The ongoing euro-area crisis is a constitutional crisis, too. The European responses to the crisis include, on the one hand, emergency measures and stability mechanisms, and, on the other hand, strengthening European economic governance. As a consequence of these responses, the central Maastricht principles of the European economic constitution are teetering. However, the present constitutional crisis should not merely be conceived in economic terms. It extends to the political and social dimensions; it also affects democracy and transparency, as well as social values and rights.
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The Future of Europe: Towards a Two-Speed EU?

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Wednesday, February 1, 2012
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The European Union is in crisis. Public unease with the project, Euro problems and dysfunctional institutions give rise to the real danger that the European Union will become increasing irrelevant just as its member states face more and more challenges of a globalised world. Jean-Claude Piris, a leading figure in the conception and drafting of the EU's legal structures, tackles the issues head on with a sense of urgency and with candour. The book works through the options available in light of the economic and political climate, assessing their effectiveness. By so doing, the author reaches the (for some) radical conclusion that the solution is to permit 'two-speed' development: allowing an inner core to move towards closer economic and political union, which will protect the Union as a whole. Compelling, critical and current, this book is essential reading for all those interested in the future of Europe.
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Deepening the EMU: How to Maintain and Develop the European Social Model?

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Friday, November 1, 2013
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In the first part of this study, the authors present an overview of the state of ”Social Europe” today with an emphasis on the consequences of the new economic governance on national employment and social policies and the impact of the current crisis on national welfare states. In the second part of the study, the authors propose three possible scenarios for EMU’s future. These scenarios are built on different assumptions and they include a set of initiatives in the fields of the fiscal, economic, banking and political union as well as EMU’s social dimension. The authors assess each scenario on the basis of their main consequences for the euro area economy and for national welfare states from core and peripheral member states.
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European Economic Governance in an International Context

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Tuesday, January 1, 2013
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The book presents compendium of speeches from the Global Jean Monnet Conference on European economic governance in 2011. It discusses the future of the European Union and on the future of European economic and monetary integration. Speakers address following issues: safeguarding the stability of the euro area and the enhanced instruments for crisis intervention, reinforced fiscal and macroeconomic coordination and surveillance: economic aspects, strengthening the governance of the euro area: political and institutional aspects and the EU and global macroeconomic governance (G8, G20, IMF).
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Europe’s Societal Challenges. An Analysis of Global Societal Trends to 2030 and their Impact on the EU

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Sunday, December 1, 2013
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This report presents the findings of a study of global societal trends and their impact on the EU in the next two decades. The work is part of the European Strategy and Policy Analysis System (ESPAS) set up to develop a lasting framework to assess global trends and to develop policy responses across EU institutions over the next institutional cycle (2014-2019). The first phase of the project culminated in a report on the long-term, international, domestic, economic and political trends facing the European Union; the second phase of the project split trends into three streams, focusing on the economy, governance and power, and society. This Trend Report aims to explore the evidence base, uncertainties and potential trajectories underpinning global societal trends and their impact on the EU. The work is based on a review of the available data and literature on societal trends in a number of thematic areas. It also builds on inputs harnessed through an online Delphi exercise involving more than 200 international experts, as well as a series of 29 semi-structured interviews, involving experts from academia and think tanks, policymakers, and leading thinkers from the private or third sector.
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