Economic Policy

Publications

22 May 2012
07 May 2012
07 May 2012

Events

  • Thursday, 7 June, 2012 - 12:00 - 14:30
    
    • Mirzha de Manuel, ECMI-CEPS Researcher
    • Edouard Vieillefond, Managing Director, Autorité des Marchés Financiers (AMF)
    • ­ Bernadette Vergnaud, Vice-Chair Committee on the Internal Market and Consumer Protection, European Parliament [tbc]
    • Jean-Baptiste de Franssu, Chairman, Incipit and former President, EFAMA
    • Graziella Marras, Director of Capital Markets Policy, CFA Institute

    On the occasion of the launch of their report «Rethinking Asset Management» ECMI-CEPS and the CFA Institute will host a debate in Paris on retail investor...

  • Wednesday, 6 June, 2012 - 13:15 - 15:00
    
    • Keynote Speech by Steven Maijoor, Chairman, European Securities and Markets Authority (ESMA)
    • Wolf Klinz, MEP and Member of the Economic and Monetary Affairs Committee
    • Donato Masciandaro, Chair in Economics of Financial Regulation, Bocconi University
    • Fabrice Demarigny, Head of Capital Markets, Mazars, and former Secretary General, Committee of European Securities Regulators (CESR)
    • Tony Bromell, Head of Integrity &
    • Markets, ICAEW

    For more information on the event please visit: www.eurocapitalmarkets.org/independence

    This event is organised with the support of ICAEW.

    Participation in this meeting is a benefit...

  • Tuesday, 5 June, 2012 - 12:00 - 14:30
    
    • Diego Canga-Fano, Head of Cabinet of Vice-President Antonio Tajani
    • Simon Henry, Chief Financial Officer, Royal Dutch Shell

    This debate will explore regulatory pathways to realise the goal of EU competitiveness with specific reference to financial sector stability and the shift to a low carbon, competitive economy. A central policy challenge is to balance short term pressures with long term policy goals. How can...

  • Tuesday, 5 June, 2012 - 09:30 - 16:00
    
    • Gabriel Bernardino, European Insurance and Occupational Pensions Authority (EIOPA)
    • Francesco Mazzaferro, European Systemic Risk Board (ESRB)
    • Sven Giegold, MEP, and Shadow Rapporteur for Omnibus II
    • Karel Van Hulle, European Commission
    • See programme for full list of speakers

    Second in a series of high-level roundtables organised by the CEPS Financial Institutions Unit on the future of financial regulation in Europe. These will gather researchers, industry experts, and key policy-makers to debate the future design and potential consequences of forthcoming financial...

  • Monday, 4 June, 2012 - 13:15 - 14:30
    
    • Tigran Sargsyan, Prime Minister of the Republic of Armenia.

    Since the collapse of the Soviet Union, the EU has consistently worked to strengthen its ties with Armenia through various bilateral, regional and multilateral policies, such as the European Neighbourhood Policy, Black Sea Synergy and the Eastern Partnership. The recent launch of negotiations on...

  • Wednesday, 30 May, 2012 - 11:00 - 17:30
    
    • Sascha-Dominik Bachmann, University of Portsmouth
    • Mary Martin, London School of Economics and Political Science
    • Jocelyn Mawdsley, Newcastle University
    • Elena Peresso, Cabinet of Karel De Gucht, EU Trade Commissioner
    • Patrick Simonnet, DG Development and Cooperation, European Commission
    • Giovanni Faleg, London School of Economics and Political Science
    • Benedetta Voltolini, London School of Economics and Political Sciences
    • See programme for full list of speakers

    A stakeholder workshop in cooperation with the School of Politics and International Relations and the “Integrating Global Society” Scheme of the University of Nottingham. Click here to see the programme.

    ...

  • Thursday, 24 May, 2012 - 18:00 - 19:30
    
    • David Mark, Senior Editor, Politico

    David Mark is a senior editor at POLITICO, which he joined in October 2006. David is also author of “Going Dirty: The Art of Negative Campaigning” (Rowman & Littlefield; 3rd edition, 2009), which has been widely adopted in political science courses and was featured on “The...

  • Tuesday, 22 May, 2012 - 10:00 - 13:00
    
    • Mike Hough, Institute for Criminal Policy Research, Birkbeck, University of London
    • Jonathan Jackson, Methodology Institute, London School of Economics

    Participation in this meeting is free of charge. An informal lunch will be served from 13.00 onwards. For catering purposes, please register by sending an email to Mary Keane: m.keane@city.ac.uk

    This seminar, the first of the European Social Survey...

  • Tuesday, 15 May, 2012 - 13:15 - 14:30
    
    • Anton Brender, Chief Economist, Dexia Asset Management, and Associate Professor, Paris-Dauphine University
    • Florence Pisani, Economist, Dexia Asset Management
    • Emile Gagna, Economist, Dexia Asset Management

    Launch of a new CEPS Paperback.

    Participation in CEPS meetings is a benefit of membership. Non-members may be admitted for €50, paid in cash at registration. A sandwich lunch (€6) will be served before the event, from 12.30 onwards.

  • Thursday, 10 May, 2012 - 13:30 - 14:45
    
    • Christine Reh, University College London
    • Una O'Dwyerm Senior Fellow, European Institute of Public Administration
    • Lukas Obholzer, London School of Economics &
    • Political Science
    • Andrew Duff, MEP

    Since their introduction in 1999, first-reading agreements under the EU’s codecision procedure have increased dramatically, from 28% in the 5th EP to 77% in the on-going legislative period. Early agreements have been praised for their efficiency and inter-institutional compromise; at the...

  • Monday, 7 May, 2012 - 13:15 - 14:30
    
    • Katja Yafimava, Research Fellow, Oxford Institute for Energy Studies (OIES)

    Launch of a book published by Oxford University Press. The first study to provide an in-depth analysis of market, legal/regulatory, and energy security aspects of the transit of Russian gas to Europe across western CIS countries – Ukraine, Belarus, and Moldova – to Europe. The book analyses how...

  • Friday, 4 May, 2012 - 13:15 - 14:30
    
    • Andreas Barner, Chairman, Boehringer Ingelheim GmbH
    • Reinhold Achatz, Head of Corporate Center, Innovation and Quality, ThyssenKrupp
    • Jürgen Leohold, Executive Director, Volkswagen AG
    • Andrea Renda, Senior Research Fellow, CEPS
    • Dominique Ristori, Director General, Joint Research Centre, European Commission
    • Hugues-Arnaud Mayer, President of the Innovation Committee and Executive Committee, Mouvement des Entreprises de France (MEDEF)

    Lunchtime meeting organised by CEPS in cooperation with the Federation of German Industries (BDI)

    Presentation of the study ”Germany 2030 – Future perspectives for value creation”.

    Click here to download the programme...

  • Thursday, 3 May, 2012 - 13:15 - 14:30
    
    • Mauro Petriccione, Director, DG TRADE, European Commission
    • Catherine Dickson, Head of the Trade and Economic Policy Section, Mission of Canada to the EU
    • Jason Langrish, Executive Director, Canada Europe Roundtable for Business

    Participation in CEPS meetings is a benefit of membership. Non-members may be admitted for €50, paid in cash at registration. A sandwich lunch (€6) will be served before the meeting, from 12.30 onwards.

  • Friday, 27 April, 2012 - 09:00 - 17:00
    
    • Keynote Speech by Algirdas Šemeta, European Commissioner responsible for taxation and customs union, audit and anti-fraud
    • Emrah Arbak, Researcher, CEPS
    • John Vella, Senior Research Fellow, Oxford University
    • Jing Xing, Research Fellow, Oxford University
    • Alfons Weichenrieder, Professor, Goethe University Frankfurt
    • Shafik Hebous, Chair of Public Finance, Goethe University Frankfurt
    • Giorgia Maffini, Research Fellow, Oxford University
    • Simon Loretz, Professor, Oxford University

    With steps towards an ever-closer union and emerging proposals to address budgetary concerns, tax policy is perhaps more than ever at the forefront of policy debate in the EU. The impact of fiscal policies on economic growth and stability,...

  • Thursday, 26 April, 2012 - 13:15 - 14:30
    
    • Robert W. Crandall, Senior Fellow, Brookings Institution
    • Andrea Renda, Senior Fellow, CEPS
    • Eduardo Martínez Rivero, Head of Unit Antitrust Telecoms, DG COMP, European Commission

    Participation in CEPS meetings is a benefit of membership. Non-members may be admitted for €50, paid in cash at registration. A sandwich lunch (€6) will be served before the event, from 12.30 onwards.

  • Wednesday, 25 April, 2012 - 16:30 - 17:45
    
    • Ambassador Miriam Sapiro, Deputy U.S. Trade Representative

    Due to unforeseen circumstances independent of our will, this event is canceled.

  • Tuesday, 24 April, 2012 - 11:00 - 13:00
    
    • Poul Skytte Christoffersen, Ambassador of Denmark to Belgium
    • Derk-Jan Eppink, MEP, Vice-chairman of the European Conservatives and Reformists Group
    • Luuk Van Middelaar, Member of the Cabinet of President Van Rompuy

    CEPS-EPIN Seminar. Current areas of differentiated integration include economic and monetary union (EMU) and the Schengen Area. But how will differentiated integration look like in the future? To what policy areas can or should it expand? What does future differentiated integration hold for the...

  • Thursday, 19 April, 2012 - 13:00 - 14:30
    
    • Jean Baptiste de Franssu, CEO, INCIPIT, and Chair of the task force Rethinking Asset Management
    • Karel Lannoo, Senior Fellow and CEO, CEPS and ECMI
    • Mirzha de Manuel, Researcher, CEPS and ECMI
    • Tilman Lueder, Head of Unit, Asset Management, DG Internal Market and Services, European Commission
    • Prof. Marco Lamandini, University of Bologna, Academic Member of the Board of ECMI
    • Nitin Mehta, Managing Director for Europe, Middle East, and Africa, CFA Institute

    After several months of intense work, CEPS will present on April 19 the final report of its task force 'Rethinking Asset Management'. With the participation of Tilman Lueder, Head of Unit at the European Commission, this event will present the policy recommendations put forward by task...

  • Monday, 16 April, 2012 - 13:15 - 14:30
    
    • Viviane Reding, Vice-President of the European Commission, responsible for Justice, Fundamental Rights and Citizenship

    Presentation of the European Commission's Annual Report on the Application of the EU Charter of Fundamental Rights.

    Participation in CEPS meetings is a benefit of membership. Non-member may be admitted for €50, paid in cash at registration. A sandwich lunch (€6) will be...

  • Thursday, 12 April, 2012 - 09:00 - 13:00
    
    • Thomas Broeng Jørgensen, Director, Danish FSA and Co-chairing the CRD/CRR working group
    • Adam Farkas, Executive Director, European Banking Authority (EBA)
    • Francesco Mazzaferro, Head of Secretariat, European Systemic Risk Board (ESRB)
    • Sven Giegold, MEP (Greens/EFA)
    • Thierry Philipponnat, Secretary General, Finance Watch
    • Stefano Micossi, Director General, Assonime, and Member of the CEPS Board of Directors
    • See programme for full list of speakers

    This is the first of a series of high-level roundtables organised by the CEPS Financial Institutions Unit on the future of financial regulation in Europe. These will gather researchers, industry experts, and key policy-makers to debate the future design and potential consequences of forthcoming...

Projects

Economic Policy, Energy, Social welfare policies
February 2011 - January 2015

 

Economic Policy
November 2010 - October 2014

 

Economic Policy
August 2009 - May 2014

 

Economic Policy
January 2011 - January 2014

 

Economic Policy
April 2010 - March 2013

 

Economic Policy, Energy, Financial Markets, Justice and Home Affairs
March 2010 - February 2013

 

Economic Policy, Trade Developments
March 2010 - February 2013

 

Economic Policy
January 2010 - December 2012

 

Economic Policy
February 2011 - December 2011

 

Economic Policy
January 2011 - August 2011

 

Economic Policy
March 2008 - February 2011

 

Economic Policy
September 2009 - July 2010

 

Economic Policy, Justice and Home Affairs, Trade Developments
July 2008 - July 2010

 

Climate Change, Economic Policy
September 2008 - April 2010

 

Economic Policy

Team

Dr. Daniel Gros, Director, CEPS
Prof. Paul De Grauwe, Associate Senior Fellow, and University of Leuven
Dr. Miroslav Beblavy, Associate Senior Fellow, and Member of the Slovak Parliament
Jorgen Mortensen, Associate Senior Fellow
Dr. Cinzia Alcidi, LUISS Research Fellow
Dr. Mikkel Barslund, Research Fellow
Dr. Jorge Nuñez Ferrer, Associate Research Fellow
Dr. Felix Roth, Research Fellow and Editor of Intereconomics
Dr. Zeynep Guldem Okem, Research Fellow
Dr. Anna-Elisabeth Thum, Research Fellow
Ilaria Maselli, Researcher
Elisa Martellucci, Research Assistant
Raf Van Gestel, Research Assistant  

Achievements

Economic and social welfare policies are mostly a national competence within the EU. This unit is thus largely concerned with issues such as fiscal policy, ageing, education and labour market reforms – not strictly within the domain of the EU’s competences. However, since member countries often face very similar problems, it has proved useful to analyse these issues from a comparative, European and global perspective. The unit has been active in these fields for several years, in particular through its European Network of Economic Policy Research Institutes (www.ENEPRI.org).

Fiscal policy also remains a national prerogative in general, but is subject to the Stability and Growth Pact. Research on fiscal policy, especially on longer-term sustainability within a monetary union, is thus also an important part of the remit of this unit. This area of work tends to come in waves: periods of economic difficulty usually lead to large deficits, which in turn raise the issue of sustainability and the application of the Stability and Growth Pact. One field of economic policy has been unified, however, and that is monetary policy. The unit has thus continued to monitor the European Central Bank, comment on its policies and provide research on monetary policy in general.

Priorities

Given the unprecedented economic and financial crisis of 2007-08, the full consequences of which are still not fathomable, the focus of the unit will continue to be on macroeconomic policies throughout 2011. The unit will once more provide a regular analysis of the key macroeconomic policy issues facing the EU through its Macroeconomic Policy Group reports (otherwise known as ‘ECB Watchers’), and will also continue to look at the macroeconomic implications of the state of financial and banking markets, in close cooperation with our colleagues from the financial markets unit who follow the regulation of finance in general.

Since 2008, CEPS has been responsible for the management of an important part of the content of Intereconomics. We aim to make Intereconomics the leading forum for research-based discussion about major European economic policy issues and enhance its already respectable readership and recognition in the field.

NEUJobs - Employment 2025: How multiple transitions will affect the European labour market

Since the spring of 2011, the CEPS Macroeconomic Policy Unit has been coordinating NEUJOBS, a major research project financed by the European Commission under the 7th Framework Programme. The project consists of 29 partners and 23 WPs. NEUJOBS objective is to analyse likely future developments in the European labour market(s), in view of four major transitions that will impact employment and European societies in general. What are these transitions? The first is the socio-ecological transition: a comprehensive change in the patterns of social organisation and culture, production and consumption that will drive humanity beyond the current industrial model towards a more sustainable future. The second is the societal transition produced by the combination of population ageing, low fertility rates, changing family structures, urbanisation and growing female employment. The third transition concerns new territorial dynamics and the balance between agglomeration and dispersion forces. The fourth is a skills (upgrading) transition and we are interested in its likely consequences for employment and (in) equality. The project combines EU-wide studies based on existing datasets with national comparative research dealing with one country from each welfare typology. The output is based on a mix of quantitative and qualitative analysis and foresight activities. Special attention is given to policy-making.

 

FP7 Projects

ANCIEN

Launched in January 2009, ANCIEN is a research project financed under the 7th EU Research Framework Programme. It runs for a 44-month period and involves 20 partners from EU member states. The project principally concerns the future of long-term care (LTC) for the elderly in Europe and addresses two questions in particular:
1) How will need, demand, supply and use of LTC develop?
2) How do different systems of LTC perform?

The project proceeds in consecutive steps of collecting and analysing information and projecting future scenarios on long term care needs, use, quality assurance and system performance. State-of-the-art demographic, epidemiologic and econometric modelling is used to interpret and project needs, supply and use of long-term care over future time periods for different LTC systems.

For more information, please visit the ANCIEN website (www.ancien-longtermcare.eu).

BEL-DEBT: On the sustainability of public finances in Belgium

Since the onset of the sovereign debt crisis in Europe in early 2010, developments in the public debt of Eurozone countries have been closely followed by financial markets. Belgium, one of the countries in Europe with the highest level of debt relative to GDP, has not been an exception. Even though Belgium managed to stay more or less off the radar screen of international investors thanks to its economic performance, the ongoing political crisis and the uncertainty surrounding the potential effects of future reforms have attracted, more recently, the attention of market participants as spreads on government bonds have been widening. This pushed the question of debt sustainability to the top of the agenda of Belgium’s policy-makers. Click here for more information.

INDICSER

The objective of the INDICSER (FP7-) project is to develop indicators which provide information on the performance of service sectors in the EU. At the heart of the project are concerns that such indicators should be valid in terms of concepts, measurement methods and feasibility but should also have value in terms of their usefulness for policy. Therefore the approach adopted is to include both an EU-wide application of existing concepts and develop and experiment with new concepts. This will be carried out within an overall coherent structural framework designed to address the key issues of productivity and value for money. Website: http://indicser.com/

SERVICEGAP

In the past decade the performance of service industries has come to the forefront of research on Europe's comparative economic performance, especially as the benefits from the use of information and communications technology (ICT) have been concentrated in these industries. The SERVICEGAP project will consider the academic and policy concerns that arise from the increasing importance of the market service sector. It will consider developments in productivity and its drivers within market services, linkages between services and manufacturing industries, innovation in delivery and the increasing internationalisation of services. The overall objective of this research is to produce a comprehensive study on the impact of market services on aggregate economic growth in the EU and its comparative performance relative to competitor regions, especially the US. Website: http://www.servicegap.org