European Economy - Discussion Papers

From Directorate General Economic and Financial Affairs (DG ECFIN), European Commission
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168: The Fiscal Impact of Extreme Weather and Climate Events Evidence for EU Countries

Nicola Gagliardi, Pedro Arévalo and Stéphanie Pamies

167: Public Administration Reforms in Greece during the Economic Adjustment Programmes

Vasilis Nikitas and Vasiliki Vasilopoulou

166: Energy Reforms in Greece during the Economic Adjustment Programmes

Alexander Ioannidis

165: Gender Budgeting Practices Concepts and Evidence

Elva Bova and Joana Jerosch Herold da Costa Reis

164: The EU’s Response to the COVID-19 Crisis: A Game Changer for the International Role of the Euro?

Heliodoro Temprano Arroyo

163: The Role of the Euro in Southern Neighbourhood Countries

Juan José Almagro Herrador, Mihai Macovei and Moritz Bizer

162: The Sectoral Nature of the COVID-19 Shock A Novel Approach to Quantifying its Economic Impact

Liza Archanskaia, Erik Canton, Alexandr Hobza, Plamen Nikolov and Wouter Simons

161: Capital Accumulation, Total Factor Productivity, and Employment Growth Medium-Term Relations in a Cross-Section Analysis

Robert Stehrer

160: Economic Adjustment in the Euro Area and the United States during the COVID-19 Crisis

Mirko Licchetta, Giovanni Mattozzi, Rafal Raciborski and Rupert Willis

159: Making Sense of Consumer Inflation Expectations: The Role of Uncertainty

Lovisa Reiche and Aidan Meyler

158: Comparing the Macroeconomic Policy Measures across the G20 The Crisis Response is a Long-Term Marathon

Lucia Granelli and Matteo Brunelli

157: Industrial Policy for the 21st Century Lessons from the Past

Alessio Terzi, Aneil Singh and Monika Sherwood

156: Immovable Property Taxation for Sustainable and Inclusive Growth

Alexander Leodolter, Savina Princen and Aleksander Rutkowski

155: Does Media Visibility Make EU Fiscal Rules More Effective?

Philipp Mohl, Gilles Mourre, Sven Langedijk and Martijn Hoogeland

154: Public Investment Management in the EU Key Features and Practices

Cristiana Manescu

153: The Euro Area's Pandemic Recession: A DSGE-Based Interpretation

Roberta Cardani, Olga Croitorov, Massimo Giovannini, Philipp Pfeiffer, Marco Ratto and Lukas Vogel

152: Reflections on Complementarities in Capital Formation and Production: Tangible and Intangible Assets across Europe

Anna Thum-Thysen, Peter Voigt and Christoph Weiss

151: Costly Disasters and the Role of Fiscal Policy: Evidence from US States

Fabio Canova and Evi Pappa

150: Disaster Risk Financing: Main Concepts and Evidence from EU Member States

Diana Radu

149: Methodologies for the Assessment of Real Effective Exchange Rates

Leonor Coutinho, Nuria Mata Garcia, Alessandro Turrini and Goran Vukšić

148: Output Gap Estimation Using the European Union's Commonly Agreed Methodology Vade Mecum & Manual for the EUCAM Software

François Blondeau, Christophe Planas and Alessandro Rossi

147: Euro Area Housing Markets: Trends, Challenges and Policy Responses

Vitor Dias Martins, Alessandro Turrini, Bořek Vašíček and Madalina Zamfir

146: E-QUEST – A Multi-Region Sectoral Dynamic General Equilibrium Model with Energy Model Description and Applications to Reach the EU Climate Targets

Janos Varga, Werner Roeger and Jan in 't Veld

145: Trend Capital when Goods and Capital Market Frictions Exist

Valerie Vandermeulen and Werner Roeger

144: Quantifying Spillovers of Next Generation EU Investment

Philipp Pfeiffer, Janos Varga and Jan in 't Veld

143: Lockdown Policy Choices, Outcomes and the Value of Preparation Time A stylised model

Christian Buelens

142: Economic Policy-Making Beyond GDP An Introduction

Alessio Terzi

141: Do Fundamentals Explain Differences between Euro Area Sovereign Interest Rates?

Stéphanie Pamies, Nicolas Carnot and Anda Pătărău

140: Green Budgeting Practices in the EU: A First Review

Elva Bova

139: Investing in People’s Competences A Cornerstone for Growth and Wellbeing in the EU

Anna Thum-Thysen, Rossella Cravetto and Jan Varchola

138: The Role of the Euro in the Eastern Partnership Countries

Radostin Neykov and Caroline Robert

137: Financial Spillover and Contagion Risks in the Euro Area in 2007-2019

Roman Garcia, Dimitri Lorenzani, Daniel Monteiro, Francesco Perticari, Bořek Vašíček and Lukas Vogel

136: What Types of Firms Become Illiquid as a Result of COVID-19? A Firm-Level Perspective Using French Data

William Connell Garcia and Victor Ho

135: Spending Reviews: Some Insights from Practitioners

Elva Bova, Riccardo Ercoli and Xavier Vanden Bosch

134: Analysing Automobile Industry Supply Chains

William Connell Garcia, Magdalena Kizior and Wouter Simons

133: Is the Irish Phillips Curve broken?

Violaine Faubert

132: How and How Much? The Growth-Friendliness of Public Spending through the Lens

Alessandra Cepparulo and Gilles Mourre

131: Towards Better Adequacy and Sustainability A Review of Pension Systems and Pension Reforms in Eastern Partnership Countries

Henrik Huitfeldt

130: Taxation of Household Capital in EU Member States Impact on Economic Efficiency, Revenue and Redistribution

Savina Princen, Athena Kalyva, Alexander Leodolter, Cécile Denis, Adriana Reut, Andreas Thiemann and Viginta Ivaškaitė-Tamošiūnė

129: Gender Smart Financing Investing In and With Women: Opportunities for Europe

Agnieszka Skonieczna and Letizia Castellano

128: Are We More Accurate? Revisiting the European Commission’s Macroeconomic Forecasts

Andras Chabin, Sébastien Lamproye and Milan Výškrabka

127: The COVID19-Pandemic in the EU: Macroeconomic Transmission and Economic Policy Response

Philipp Pfeiffer, Werner Roeger and Jan in 't Veld

126: A Global Economy Version of QUEST: Simulation Properties

Matthias Burgert, Werner Roeger, Janos Varga, Jan in 't Veld and Lukas Vogel

125: Special Pensions in the EU

Per Eckefeldt and Anda Pătărău

124: National Expenditure Rules in the EU An Analysis of Effectiveness and Compliance

Cristiana Manescu and Elva Bova

123: The Impact of Labour Migration on the Ukrainian Economy

Jerzy Pieńkowski

122: The Sovereign-Bank Nexus in the Euro Area: Financial & Real Channels

Mario Bellia, Ludovic Calès, Lorenzo Frattarolo, Andreea Maerean, Daniel P. Monteiro, Marco Petracco Guidici and Lukas Vogel

121: Understanding the Gender Gap in Financial Well-Being

Bróna Ní Chobhthaigh

120: Trends at the Frontier in Corporate R&D in the Digital Era: Facts, Prospects and Policies

Reinhilde Veugelers

119: Productivity & Innovation Competencies in the Midst of the Digital Transformation Age: A EU-US Comparison

Bart van Ark, Klaas de Vries and Abdul Azeez Erumban