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311 entries found on 16 pages. starting on record 161 ending on 180

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Title: The financial crisis and potential growth : policy challenges for Europe
Abstract
The ongoing financial and economic crisis is taking its toll through an unprecedented drop in GDP – the Commission's spring forecast sets this loss at around 4% in 2009. Whilst financial market turbulence, credit shortages and higher unemployment will inevitably lead to a non-negligible loss of potential output, i.e of structural productive capacities, in the short run, the long-run impact on the potential output of the European economy is much less certain.Whilst acknowledging this uncertainty, this Economic Brief examines how the policy choices made now can determine the eventual outcome and recoup (some) of the losses. [Author vide Copyright]
Author: Székely, Istvàn P. | Koopman, Gert Jan
Series Title:ECFIN - ECFIN Economic Briefs ; 2009,3
Publisher: Europäische Kommission / Generaldirektion Wirtschaft und Finanzen
Year: 2009
ISBN / ISSN / Kat.Nr: 978-92-79-12847-9
Language: en
Ressource: Einzelne Berichte, Studien
Keyword: Labour MarketEU countriesEconomic crisis
Subject: Economic conditions. Economic structure
Countries Scheme: Europe. General Resources
Online Ressource: vorübergehend nicht erreichbar!
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Kommission / Generaldirektion Wirtschaft und Finanzen (http://ec.europa.eu/economy_finance/)
Title: At a turning point? Assessing the first positive signals for the euro-area economy
Abstract
The global economy is in the midst of its deepest and most widespread recession since WW II. The euro-area economy has not been spared. It has been in recession since the second quarter of 2008 with the fall in real GDP accelerating to 2.5% quarter-on-quarter (q-o-q) by the first quarter of this year. Compared to a year earlier, the corresponding slump is nearly 5%.The drop in activity has been sharper in some economies, but one important characteristic of this recession is its broad-based nature - not only across countries, but also across demand components. Thus, while countries are exposed to different degrees to the impact of the financial crisis, to the virtual collapse in global trade, to a substantial housing-market correction or to other imbalances, not a single euro-area country remains unaffected.However, recent high-frequency data indicate a certain improvement. This can be seen in some segments of financial markets, in trade data – particularly as regards emerging markets – and to a rebound in confidence in most sectors and economies during the second quarter of this year.This Economic Brief gives a snap-shot of the economic situation at the start of the summer of 2009 in the look out for an economic recovery or, at least, a stabilisation ahead. [Author vide Copyright]
Author: Melander, Annika | Orellana, Moisés | Paternoster, Daniel | Stierle, Michael
Series Title:ECFIN - ECFIN Economic Briefs ; 2009,4
Publisher: Europäische Kommission / Generaldirektion Wirtschaft und Finanzen
Year: 2009
ISBN / ISSN / Kat.Nr: 978-92-79-12991 | 1831-4473 | KC-AY-09-004-EN-N
Language: en
Ressource: Einzelne Berichte, Studien
Keyword: EU countriesEconomic crisisMacroeconomic performance
Subject: Economic conditions. Economic structure
Countries Scheme: Europe. General Resources
Online Ressource: vorübergehend nicht erreichbar!
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Kommission / Generaldirektion Wirtschaft und Finanzen (http://ec.europa.eu/economy_finance/)
Title: Economic cycles and development aid: what is the evidence from the past?
Abstract
This Economic Brief looks at past evidence as to what extent donors' economic cycles have an effect on their aid budgets.It generally finds only a weak correlation of economic growth and aid of OECD donors between 1971 and 2008, and aid was reduced in only about half of all episodes of deep or protracted recessions. The effect usually comes with a time-lag as aid commitments respond faster than aid disbursements. Cuts in aid disbursements might therefore be felt more strongly only in 2010 rather than in 2009, which might somewhat mitigate the negative effects if a strong global recovery in 2010 improved developing countries' growth perspectives and reduced their dependency on aid inflows. [Author vide Copyright]
Author: Hallet, Martin ; 171166604
Series Title:ECFIN - ECFIN Economic Briefs ; 2009,5
Publisher: Europäische Kommission / Generaldirektion Wirtschaft und Finanzen
Year: 2009
ISBN / ISSN / Kat.Nr: 1725-3187 | 978-92-79-13370-1
Language: en
Ressource: Einzelne Berichte, Studien
Keyword: EU countriesEconomic crisisMacroeconomic performanceEconomic Growth
Subject: Economic conditions. Economic structure
Countries Scheme: Europe. General Resources
Online Ressource: vorübergehend nicht erreichbar!
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Kommission / Generaldirektion Wirtschaft und Finanzen (http://ec.europa.eu/economy_finance/)
Title: Crisis and reform : Keynote addresses at DG ECFIN's annual research conference
Abstract
The present global financial crisis is the deepest since the Great Depression of the 1930s. It has impacted severely on the European economy. It has forced policy-makers in the EU and elsewhere to respond with exceptional measures to counter the depressive effects of the crisis.The crisis has also impacted on the research agenda of the economics profession, in particular of those economists who work on policyrelated issues concerning stabilisation, economic growth and structural reforms. The research program of DG ECFIN has paid great attention to the causes, consequences and cures of the current crisis. Results of our internal ECFIN analyses have been published in a special issue of European Economy in 2009. Our research work continues.For this reason, the crisis was in the centre of DG ECFIN's 6th Annual Research Conference on "Crisis and Reform". Following the Opening Lecture, sessions dealt with the political economy of reform, the design of financial systems and issues related to the economic paradigm.This ECFIN Economic Brief puts together the keynote lectures by Axel Leijonhufvud, Allan Drazen, and Charles Goodhart, while Paul DeGrauwe contributes a summary of his keynote lecture. [Author vide Copyright]
Author: Buti, Marco ; 12169769X
Series Title:ECFIN - ECFIN Economic Briefs ; 2010,6
Publisher: Europäische Kommission / Generaldirektion Wirtschaft und Finanzen
Year: 2010
ISBN / ISSN / Kat.Nr: 978-92-79-14216-1 | 1831-4473
Language: en
Ressource: Einzelne Berichte, Studien
Keyword: EU countriesEconomic crisisMacroeconomic performanceEconomic Growth
Subject: Economic conditions. Economic structure
Countries Scheme: Europe. General Resources
Online Ressource: vorübergehend nicht erreichbar!
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Kommission / Generaldirektion Wirtschaft und Finanzen (http://ec.europa.eu/economy_finance/)
Title: Exit strategy: is 1937/38 relevant?
Abstract
The 1937/38 recession in the United States is often quoted as a warning against premature exits from monetary and fiscal stimulus. The presumption is that the 1937/38 recession was indeed due to such a premature exit.This Economic Brief presents evidence that goes against this view. The 1937/38 recession is equivalent to a downturn in 2016/17, which is obviously of little relevance now. Moreover, the cutback in policy stimulus at the time was not an early but rather a late exit, in the wake of an unduly late and timid entry.Even more importantly, while the 1937/38 recession can be attributed to cut backs in policy stimulus to some extent, other factors appear to have been predominant. Notably, geopolitical tensions played a major role, along with adverse business confidence effects of Roosevelt's New Deal policies. Concerning the latter, the strengthening of wage bargaining power amid mass unemployment and heightened uncertainty over property rights were prominent. [Author vide Copyright]
Author: Noord, Paul Joseph van den ; 170307263
Series Title:ECFIN - ECFIN Economic Briefs ; 2010,7
Publisher: Europäische Kommission / Generaldirektion Wirtschaft und Finanzen
Year: 2010
ISBN / ISSN / Kat.Nr: 1831-4473 | KC-AY-10-007-EN-N
Language: en
Ressource: Einzelne Berichte, Studien
Keyword: EU countriesEconomic crisisMacroeconomic performanceEconomic Growth
Subject: Economic conditions. Economic structure
Countries Scheme: Europe. General Resources
Online Ressource: vorübergehend nicht erreichbar!
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Kommission / Generaldirektion Wirtschaft und Finanzen (http://ec.europa.eu/economy_finance/)
Title: Distance says it all? What the global crisis tells us about the resilience of Mexico and Brazil
Abstract
The economies of Mexico and Brazil have many important commonalities, but Brazil's economy has, so far, shown more resilience to global economic crisis, which had its epicentre in Mexico's Northern neighbour. In this Economic Brief the performances of the Brazilian and Mexican economies are compared. The differences are examined and conclusions are drawn with respect to possible explanations and implications for resilience of the two economies to future crises. [Author vide Copyright]
Author: Kooi, Willem
Series Title:ECFIN - ECFIN Economic Briefs ; 2010,8
Publisher: Europäische Kommission / Generaldirektion Wirtschaft und Finanzen
Year: 2010
ISBN / ISSN / Kat.Nr: 1831-4473 | KC-AY-10-008-EN-N
Language: en
Ressource: Einzelne Berichte, Studien
Keyword: EU countriesEconomic crisisMacroeconomic performanceEconomic Growth
Subject: Economic conditions. Economic structure
Countries Scheme: Europe. General Resources
Online Ressource: vorübergehend nicht erreichbar!
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Kommission / Generaldirektion Wirtschaft und Finanzen (http://ec.europa.eu/economy_finance/)
Title: Keynote speeches at the Brussels Economic Forum 2010 : Strategies for a post-crisis world: enhancing European growth
Keynote speeches at the Brussels Economic Forum 2010
Abstract
The 11th Brussels Economic Forum, held on 25-26 May 2010, took place against a background of the Greek debt crisis and keen debate on the future of Europe's economic governance. In that sense it took place at the ideal moment. Participants debated the causes and consequences of the crisis, and the best way to spur economic growth in Europe, including on how to make growth greener and more sustainable.This special edition of DG ECFIN's Economic Brief series reproduces the keynote speeches from the conference. [Author vide Copyright]
Author: Buti, Marco ; 12169769X
Series Title:ECFIN - ECFIN Economic Briefs ; 2010,9
Publisher: Europäische Kommission / Generaldirektion Wirtschaft und Finanzen
Year: 2010
ISBN / ISSN / Kat.Nr: 1831-4473 | KC-AY-10-009-EN-N
Language: en
Ressource: Einzelne Berichte, Studien
Keyword: EU countriesEconomic crisisMacroeconomic performanceEconomic Growth
Subject: Economic conditions. Economic structure
Countries Scheme: Europe. General Resources
Online Ressource: vorübergehend nicht erreichbar!
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Kommission / Generaldirektion Wirtschaft und Finanzen (http://ec.europa.eu/economy_finance/)
Title: The tale of the Baltics: experiences, challenges ahead and main lessons
Abstract
This brief reviews the main economic developments since transition in the three Baltic economies and highlights challenges for the future. Although the three economies went, in an almost synchronous fashion, through similar stages of catching up and financial convergence-driven booms and busts, outcomes and prospects ahead differ considerably due to different policy frameworks in place.While Latvia had to be assisted by an official financing programme by the EU and the IMF, the financial consequences of the crisis were less severe for Estonia, which is currently a candidate to join the euro area in 2011. In the coming years the main challenge for these countries is to re-launch their potential for growth while completing the rebalancing of their economies.The present Economic Brief also identifies a series of lessons from the experience of the Baltics regarding the role of financial and macro-economic policy in managing overheating and dealing with the building up of imbalances. [Author vide Copyright]
Author: Deroose, Servaas ; 131462539 | Flores Gual, Elena ; 170978095 | Giudice, Gabriele ; 129521787 | Turrini, Alessandro ; 129182605
Series Title:ECFIN - ECFIN Economic Briefs ; 2010,10
Publisher: Europäische Kommission / Generaldirektion Wirtschaft und Finanzen
Year: 2010
ISBN / ISSN / Kat.Nr: 1831-4473 | KC-AY-10-010-EN-N
Language: en
Ressource: Einzelne Berichte, Studien
Keyword: EU countriesEconomic crisisMacroeconomic performanceEconomic Growth
Subject: Economic conditions. Economic structure
Countries Scheme: Europe. General Resources
Online Ressource: vorübergehend nicht erreichbar!
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Kommission / Generaldirektion Wirtschaft und Finanzen (http://ec.europa.eu/economy_finance/)
Title: Macroeconomic effects of Europe 2020 : stylised scenarios
Abstract
This brief presents several stylised scenarios to explore the potential macroeconomic benefits of the Europe 2020 strategy. An essential part of Europe 2020 consists of reforms with a medium- to long-term horizon that focus on promoting the sustainability of public finances, enhancing potential growth and realising the Europe 2020 objectives, i.e. ensuring that the EU becomes prosperous, green and fair. Building on policy simulations with the DSGE model QUEST III, the constructed scenarios combine fiscal consolidation efforts with differentiated progress in implementing structural reforms.The results confirm that if the EU succeeds in generating the necessary reform momentum the gains could be significant and reach up to 7% of GDP by 2020. The extent of the benefits will crucially depend on the depth and breadth of undertaken reforms, however. Clearly, such an ambitious reform scenario would mean a significant departure from the past policies, conditional on a strong political commitment and consensus on the need for change. While non-negligible, the economic benefits from partial or shallow reform would fall short of the Europe 2020 ambition. [Author vide Copyright]
Author: Hobza, Alexandr | Mourre, Gilles ; 171849515
Series Title:ECFIN - ECFIN Economic Briefs ; 2011,11
Publisher: Europäische Kommission / Generaldirektion Wirtschaft und Finanzen
Year: 2010
ISBN / ISSN / Kat.Nr: 1831-4473 | KC-AY-10-011-EN-N
Language: en
Ressource: Einzelne Berichte, Studien
Keyword: EU countriesEconomic crisisMacroeconomic performanceEconomic Growth
Subject: Economic conditions. Economic structure
Countries Scheme: Europe. General Resources
Online Ressource: vorübergehend nicht erreichbar!
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Kommission / Generaldirektion Wirtschaft und Finanzen (http://ec.europa.eu/economy_finance/)
Title: Reshaping the Chinese growth model – a formidable challenge of the 12th five-year plan
Abstract
Private consumption is a key component in the rebalancing of growth that China is seeking, and a challenging one. Not only for the 1.3 bn. Chinese citizens, but it could make an important contribution in addressing global imbalances. Understanding what drove the consumption share down to a mere 36% of GDP in China is thus vital.This brief explores the many reasons for the high precautionary savings that followed in the wake of the reform process in China. In particular, the privatisation wave of State-Owned Enterprises in the late 1990s caused many millions to not only lose their jobs, but also their social-security coverage. This boosted precautionary savings and contributed to the more pronounced fall of the consumption share noted during the last decade.The brief also highlights how relatively weak total income growth played a role, stemming above all from sustained low wage growth.Looking ahead, reform ambitions will be central to the upcoming five-year plan. Financing constraints, especially at the local level, suggest that these efforts risk being constrained in size or coverage.Thus, while policies are set to go in the right direction, progress may prove slow and/or incremental. A rebalancing of the wage/profit share appears more likely in the short term. [Author vide Copyright]
Author: Melander, Annika | Rudolf, Moritz ; 1012342271
Series Title:ECFIN - ECFIN Economic Briefs ; 2011,12
Publisher: Europäische Kommission / Generaldirektion Wirtschaft und Finanzen
Year: 2011
ISBN / ISSN / Kat.Nr: 1831-4473 | KC-AY-11-012-EN-N
Language: en
Ressource: Einzelne Berichte, Studien
Keyword: ChinaEU countriesEconomic crisisMacroeconomic performanceEconomic Growth
Subject: Economic conditions. Economic structure
Countries Scheme: Europe. General Resources
Online Ressource: vorübergehend nicht erreichbar!
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Kommission / Generaldirektion Wirtschaft und Finanzen (http://ec.europa.eu/economy_finance/)
Title: Post-crisis unemployment developments : US and EU approaching?
Abstract
This brief reviews the evolution of the US and the European labour markets since the beginning of the financial crisis.In the US, the unemployment rate and the share of long-term unemployment grew very fast, during the crisis, thereby reaching levels close to those in the EU. Does that mean that the US labour market has split between jobs and permanent unemployment? In other words, is the US labour market in the process of becoming more "European" in terms of size, composition and dynamics? What would thus be the consequences in terms of outlook?This brief analyses the unemployment response to the crisis in the US and Europe, also looking at the very different performance of labour markets across euro-area countries. In particular, while the Irish and Spanish labour markets suffered a burst of housing bubbles as the US that may have also aggravated labour mismatches, this was less a case in other EU countries, like Germany, Italy, France or the Netherlands.This brief argues that the convergence in the unemployment situation in the US and the aggregate EU will not be long-lasting. As observed in the past, the US unemployment is expected to be relatively reactive in the coming quarters, while that of the EU, on aggregate, will be less. [Author vide Copyright]
Author: Casaux, Suzanne | Turrini, Alessandro ; 129182605
Series Title:ECFIN - ECFIN Economic Briefs ; 2011,13
Publisher: Europäische Kommission / Generaldirektion Wirtschaft und Finanzen
Year: 2011
ISBN / ISSN / Kat.Nr: 1831-4473 | KC-AY-11-013-EN-N
Language: en
Ressource: Einzelne Berichte, Studien
Keyword: EU countriesUnited StatesEconomic crisisMacroeconomic performanceEconomic Growth
Subject: Economic conditions. Economic structure
Countries Scheme: Europe. General Resources
Online Ressource: vorübergehend nicht erreichbar!
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Kommission / Generaldirektion Wirtschaft und Finanzen (http://ec.europa.eu/economy_finance/)
Title: Post-crisis unemployment developments : US and EU approaching?
Abstract
The policy brief analyzes the relative performance of the Czech and Slovak economies between the official confirmation of Slovakia's euro-area entry in mid-2008 and end- 2010.The analysis suggests that both economies continued to evolve in a highly similar manner. Czech real exports, as well as manufacturing production and employment, performed somewhat better, especially during the peak of the crisis. However, Slovak and Czech export performance was basically identical in nominal euro terms. Moreover, Slovakia enjoyed a more stable local financial market situation and also benefited from looser monetary policy conditions in the euro area, which resulted in more favourable non-financial private sector credit developments. [Author vide Copyright]
Author: Jev?ák, Anton
Series Title:ECFIN - ECFIN Economic Briefs ; 2010,14
Publisher: Europäische Kommission / Generaldirektion Wirtschaft und Finanzen
Year: 2011
ISBN / ISSN / Kat.Nr: 1831-4473 | KC-AY-11-014-EN-N
Language: en
Ressource: Einzelne Berichte, Studien
Keyword: EU countriesEconomic crisisMacroeconomic performanceEconomic Growth
Subject: Economic conditions. Economic structure
Countries Scheme: Europe. General Resources
Online Ressource: vorübergehend nicht erreichbar!
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Kommission / Generaldirektion Wirtschaft und Finanzen (http://ec.europa.eu/economy_finance/)
Title: Potential risks for home and host countries stemming from activities of multinational banks in the CEE10 region
Abstract
This policy brief analyzes whether the exposure to the CEE10 region is a risk for parent banks. Simultaneously, risks for the CEE10 countries implied by the strong presence of foreign-owned banks as well as possible feedback loops are discussed.Ongoing financial market turbulences within the euro area are likely to have a negative impact on the CEE10 region as a whole, which should, nevertheless, vary considerably across countries. Likely spill-overs into the real economy will affect the entire CEE10 region, as it was the case in 2008-09. However, the impact on banking sector performance should again vary considerably. [Author vide Copyright]
Author: Jev?ák, Anton | ?ech, Zden?k | Weidinger Sosdean, Corina
Series Title:ECFIN - ECFIN Economic Briefs ; 2012,15
Publisher: Europäische Kommission / Generaldirektion Wirtschaft und Finanzen
Year: 2012
ISBN / ISSN / Kat.Nr: 1831-4473 | KC-AY-11-015-EN-N
Language: en
Ressource: Einzelne Berichte, Studien
Keyword: Banking SystemEU countriesEconomic crisisMacroeconomic performanceEconomic Growth
Subject: Economic conditions. Economic structure
Countries Scheme: Europe. General Resources
Online Ressource: vorübergehend nicht erreichbar!
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Kommission / Generaldirektion Wirtschaft und Finanzen (http://ec.europa.eu/economy_finance/)
Title: Slow but steady? Achievements and shortcomings of competitive disinflation within the euro area
Abstract
There is a widespread perception that imbalances within the euro area are not adjusting, the major difficulty being that the competitive disinflation processes required in deficit countries are painful, while no strong incentives are always available in surplus countries to reduce their excess savings.Recent evidence, however, provides some encouragement. Not only labour cost developments are increasingly supportive of more rebalancing down the road, but recent reforms in a number of euro-area countries appear to be bringing fruits in terms of reduced downward wage rigidities. Although the necessary adjustment for some deficit countries is still considerable, there could be light at the end of the tunnel provided that the process is supported by consistent wage developments in surplus countries and a recovery in productivity growth in take place in deficit countries. Improved potential growth in deficit countries is key to prevent the risk of foreign debt deflation and unstable Net International Investment Positions down the road. For this to happen, private capital will have to start flowing downhill again. To this purpose, a fast and effective adoption of a Single Supervisory Mechanism and moving eventually towards a banking union will be a key step. [Author vide Copyright]
Author: Buti, Marco ; 12169769X | Turrini, Alessandro ; 129182605
Series Title:ECFIN - ECFIN Economic Briefs ; 2012,16
Publisher: Europäische Kommission / Generaldirektion Wirtschaft und Finanzen
Year: 2012
ISBN / ISSN / Kat.Nr: 1831-4473 | KC-AY-12-464-EN-N
Language: en
Ressource: Einzelne Berichte, Studien
Keyword: EU countriesEconomic crisisMacroeconomic performanceEconomic Growth
Subject: Economic conditions. Economic structure
Countries Scheme: Europe. General Resources
Online Ressource: vorübergehend nicht erreichbar!
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Kommission / Generaldirektion Wirtschaft und Finanzen (http://ec.europa.eu/economy_finance/)
Title: Competing within global value chains
Abstract
The increasing spread of global value chains (GVCs) worldwide has been one of the most prominent features of the global economy for the last three decades. Production of goods and services is sliced into stages so that intermediate inputs are sourced from most efficient producers often located across the globe. Although this phenomenon is not new, the intensity with which it shapes the current economic reality has increased recently. The magnitude and geographical reach of the great trade collapse in 2008-2009 and a rapid rebound of trade flows thereafter proved the important role of GVCs as ‘the world economy's backbone and the central nervous system’ that magnified and accelerated transmission of the crisis. In this context, it is more and more evident that a trade analysis based on gross measures has become less accurate. Intermediate goods (parts, components) which cross the border several times as they are used for further processing are counted several times. Therefore additional ways of looking at world trade flows would allow deeper understanding of the true trade linkages between countries.The relatively stable evolution of the proportion of intermediate production in total imports over time in case of the EU contrasts with the outstanding increase in the case of China, due its role as a 'processing hub' in Asia. However, the increasing comparative advantage of China in research intensive goods partly reflects the gradual shift of its competitive position in the global production sharing. This change has an important policy implication for Europe going forward, as even more competitive pressures are to be expected. [Author vide Copyright]
Author: Galar, Malgorzata
Series Title:ECFIN - ECFIN Economic Briefs ; 2012,17
Publisher: Europäische Kommission / Generaldirektion Wirtschaft und Finanzen
Year: 2012
ISBN / ISSN / Kat.Nr: 1831-4473 | KC-AY-11-017-EN-N
Language: en
Ressource: Einzelne Berichte, Studien
Keyword: EU countriesProduction ManagementEconomic Growth
Subject: Economic conditions. Economic structure
Countries Scheme: Europe. General Resources
Online Ressource: vorübergehend nicht erreichbar!
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Kommission / Generaldirektion Wirtschaft und Finanzen (http://ec.europa.eu/economy_finance/)
Title: Is China transitioning to a lower growth plateau?
Abstract
China's economy slowed significantly in the first three quarters of 2012 and questions have been raised on a possible hard landing. While recent early indicators have shown signs of improvement in the most recent months, it is essential to understand what is driving this slowdown and how lasting it may be given China's importance as an engine for global growth. Is the Chinese economy experiencing just a "temporary malaise"; is it at the beginning of a sharper and more prolonged downturn; or is it in a transition to lower but still sustained growth rates? [Author vide Copyright]
Author: Bertoldi, Moreno ; 171071379 | Melander, Annika
Series Title:ECFIN - ECFIN Economic Briefs ; 2013,18
Publisher: Europäische Kommission / Generaldirektion Wirtschaft und Finanzen
Year: 2013
ISBN / ISSN / Kat.Nr: 1831-4473
Language: en
Ressource: Einzelne Berichte, Studien
Keyword: ChinaEU countriesMacroeconomic performanceEconomic Growth
Subject: Economic conditions. Economic structure
Countries Scheme: Europe. General Resources
Online Ressource: vorübergehend nicht erreichbar!
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Kommission / Generaldirektion Wirtschaft und Finanzen (http://ec.europa.eu/economy_finance/)
Title: European prosperity reloaded: an optimistic glance at EMU@20
Abstract
Amidst current fears of recession and economic stagnation, this note presents an optimistic view of the euro area's prospects over the medium-term. We claim that the EA has a more than fair chance to leave the crisis behind in a much stronger overall position than before, not least vis-à-vis the US and Japan, and to restore the prosperity triangle of efficiency, fairness and stability. Provided we stay on course with determined policy action, a prosperous EMU@20 may well be on the horizon. [Author vide Copyright]
Author: Buti, Marco ; 12169769X | Pichelman, Karl
Series Title:ECFIN - ECFIN Economic Briefs ; 2013,19
Publisher: Europäische Kommission / Generaldirektion Wirtschaft und Finanzen
Year: 2013
ISBN / ISSN / Kat.Nr: 1831-4473
Language: en
Ressource: Einzelne Berichte, Studien
Keyword: EU countriesMacroeconomic performanceEconomic Growth
Subject: Economic conditions. Economic structure
Countries Scheme: Europe. General Resources
Online Ressource: vorübergehend nicht erreichbar!
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Kommission / Generaldirektion Wirtschaft und Finanzen (http://ec.europa.eu/economy_finance/)
Title: The debate on fiscal policy in Europe : beyond the austerity myth
Abstract
Several criticisms of the current fiscal strategy in the EU have recently been forcefully expressed. In this brief, we examine these criticisms, and provide some clarifications and responses. We recall that large adjustments are needed in most economies to restore sustaina-ble fiscal positions, not because of the arbitrary will of the markets or of EU institutions. [Author vide Copyright]
Author: Buti, Marco ; 12169769X | Carnot, Nicolas ; 132061848
Series Title:ECFIN - ECFIN Economic Briefs ; 2013,20
Publisher: Europäische Kommission / Generaldirektion Wirtschaft und Finanzen
Year: 2013
ISBN / ISSN / Kat.Nr: 1831-4473
Language: en
Ressource: Einzelne Berichte, Studien
Keyword: EU countriesEconomic policy
Subject: Economic policy and planning
Countries Scheme: Europe. General Resources
Online Ressource: vorübergehend nicht erreichbar!
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Kommission / Generaldirektion Wirtschaft und Finanzen (http://ec.europa.eu/economy_finance/)
Title: Economic growth perspectives for Europe
Abstract
This note provides a brief overview of the work carried out under the auspices of DG ECFIN's fellowship initiative.While the economic policy agenda in Europe is currently dominated by lagging activity reflecting public and private balance-sheet problems and still impaired transmission of monetary policy, the quest for growth and competitiveness is a longer term issue that clearly deserves renewed attention. This note provides a brief overview of the work carried out carried out under the auspices of DG ECFIN's Fellowship Initiative 2012-13 on the theme of "Economic Growth perspectives for Europe" which should help to map out a new growth narrative for and across Europe over the medium-term. [Author vide Copyright]
Author: Pichelmann, Karl ; 170210871
Series Title:ECFIN - ECFIN Economic Briefs ; 2013,21
Publisher: Europäische Kommission / Generaldirektion Wirtschaft und Finanzen
Year: 2013
ISBN / ISSN / Kat.Nr: 1831-4473 | KC-AY-13-021-EN-N
Language: en
Ressource: Einzelne Berichte, Studien
Keyword: EU countriesEconomic policyEconomic Growth
Subject: Economic policy and planningEconomic development. Economic growth
Countries Scheme: Europe. General Resources
Online Ressource: vorübergehend nicht erreichbar!
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Kommission / Generaldirektion Wirtschaft und Finanzen (http://ec.europa.eu/economy_finance/)
Title: The future of EMU
Abstract
Summarising the findings of DG ECFIN's fellowship programme on the future of EMUDG ECFIN has now published a series of Economic Papers written by distinguished scholars in the context of its Fellowship Initiative on "The future of EMU & Economic growth perspectives for Europe". This policy brief outlines the issues addressed under the 'EMU' heading of the initiative and presents some key findings of the essays provided by the fellows; it further discusses them in the context of ongoing policy efforts at the EU and euro area level. [Author vide Copyright]
Author: Kuenzel, Robert | Ruscher, Eric
Series Title:ECFIN - ECFIN Economic Briefs ; 2013,22
Publisher: Europäische Kommission / Generaldirektion Wirtschaft und Finanzen
Year: 2013
ISBN / ISSN / Kat.Nr: 1831-4473 | KC-AY-13-022-EN-N
Language: en
Ressource: Einzelne Berichte, Studien
Keyword: EU countriesEconomic policyEconomic Growth
Subject: Economic policy and planning
Countries Scheme: Europe. General Resources
Online Ressource: vorübergehend nicht erreichbar!
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Kommission / Generaldirektion Wirtschaft und Finanzen (http://ec.europa.eu/economy_finance/)
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