24-July-2018
English
The euro area sovereign debt crisis highlighted important weaknesses in the euro area design. Fiscal policy did not build sufficient buffers before the crisis, which forced some countries to tighten fiscal policy too rapidly during the downturn to restore market confidence in sovereign borrowing.
24-July-2018
English
Europe’s economy is finally growing robustly. These positive developments provide an opportunity to renew efforts to meet the long-term challenges facing the European Union (EU).
27-July-2016
English
To achieve a euro area fiscal stance that fosters the recovery, countries with fiscal space under the Stability and Growth Pact rules should use budgetary support to raise growth, and existing incentives and flexibility should be taken advantage of to pursue reforms of tax and spending policies.
27-July-2016
English
To support the recovery, structural reforms that yield short-run as well as long-run gains should be prioritised.
10-September-2014
English
The EU Single Market remains fragmented by complex and heterogeneous rules at the EU and national levels affecting trade, capital, including foreign direct investment, and labour mobility.
2-July-2012
English
Europe is putting in place a new system of fiscal rules following the euro area sovereign debt crisis and decades of rising government to debt-to-GDP ratios. These include the so-called "six pack" to upgrade the Stability and Growth Pact to a new Treaty incorporating the "fiscal compact".
15-April-2011
English
How do services commitments in RTAs influence multilateral negotiations? Through 4 case studies of the RTAs of Chile, Japan, the EU and the US, this paper looks at political economy issues underlying RTAs in general, as well as the specific concessions that countries make on trade in services.
11-April-2011
English
Transparent design and implementation of domestic regulation reduces business costs for the public and private sector, according to these case studies from Australia, the European Union, the United Kingdom and the United States.
15-December-2010
English
This paper describes the dynamics of the external positions of euro area countries since the formation of EMU.
15-December-2010
English
This paper considers the increase in current account imbalances in euro area countries since the early 1990s.