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An Analysis of the Implementation of the EU-Canada Comprehensive Economic and Trade Agreement (CETA): In-Depth Analysis

This in-depth analysis offers a quantitative analysis of the Comprehensive Economic and Trade Agreement (CETA) between the EU and Canada, six years after its provisional enforcement. Our analysis confirms substantial economic gains: goods exports from the EU to Canada increased by 27 % and imports rose by 32 % due to the agreement. The services sector also showed robust growth, with 19 % and 15 % increases ...

Is France’s Economy Now Stronger than Germany’s?

While the French economy demonstrates remarkable resilience, Germany’s growth engine appears to be sputtering. But the two economies are more interdependent than ever, and their size implies that they must work together to reform and strengthen the European Union if they are to assert their influence globally. BERLIN – The contrast between the French and German economies has rarely appeared so stark. ...

Trade Liberalization along the Firm Size Distribution: The Case of the EU-South Korea FTA

Leading theories suggest that amongst continuing exporters, lower variable trade costs should boost exports of smaller firms by the same or greater percentage rate than larger firms. However, investigating the impact of the deep EU-South Korea FTA with French customs data, we find robust evidence to the contrary. Applying a triple-difference framework, we report that the FTA increased sales in the ...

Climate Transition Plans: State of Play in EU Legislation and Policy Recommendations

Sanctions coalitions increase costs for Russia

Monetary-fiscal interaction : Achieving the right monetary-fiscal policy mix in the euro area: In-Depth Analysis ; Requested by the ECON Committee

Achieving a balanced monetary-fiscal policy mix in the euro area is crucial to ensure that monetary policy is able to fulfil its primary price stability objective. This paper outlines, from an economic and legal perspective, the interaction between monetary and fiscal policy in light of the current monetary and fiscal stance and, in particular, the “quasi-fiscal” effects of some unconventional monetary ...

The Efficiency of the Sustainability-Linked Bond Market for a Successful Sustainability Transition

Für die Transformation der europäischen Wirtschaft mit dem Ziel der Klimaneutralität bis 2050 hat die Europäische Union in den letzten Jahren weitreichende Nachhaltigkeitsverordnungen beschlossen. Diese sollen insbesondere den Privatsektor in die Richtung nachhaltiger wirtschaftlicher Aktivitäten lenken. In diesem Zusammenhang wurde ein neues Finanzierungsinstrument entwickelt, das die Nachhaltigkeitstransformation ...

Global Tax Evasion: How large is the problem and what to do about it?

Is global tax evasion falling or rising? Are new issues emerging, and if so, what are they? Have governments been effective in addressing tax evasion over the past 10 years? What has worked so far and what are some policies for the future? Gabriel Zucman, founding director of the EU Tax Observatory, and Sarah Godar will present key result from the inaugural Global Tax Evasion Report. The report...

US Inflation Reduction Act Demands Quick Strategic Action from the EU

In August 2022, the US Congress passed the Inflation Reduction Act (IRA), a comprehensive piece of legislation aiming to stimulate the US economy and to increase its resilience. At an estimated 430 billion euros, it is a massive government investment and spending program in the welfare state, federal infrastructure, climate action, and environmental protection. At the same time, the IRA is intended ...

Distributional Effects of Macroeconomic Policies in Europe

Political measures at the level of the European Union are intended, among other things, to ensure the stability of the economic and monetary union. This includes, for example, the establishment of the European Recovery Fund, which can be a first step towards a fiscal union in the Eurozone. The project examines how these, and other economic policy measures affect inequality between households. The...