Towards a more resilient European Union after the COVID-19 crisis

Amélie Barbier-Gauchard (), Meixing Dai (), Claire Mainguy, Jamel Saadaoui (), Moïse Sidiropoulos (), Isabelle Terraz and Jamel Trabelsi ()
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Amélie Barbier-Gauchard: BETA - Bureau d'Économie Théorique et Appliquée - AgroParisTech - UNISTRA - Université de Strasbourg - Université de Haute-Alsace (UHA) - Université de Haute-Alsace (UHA) Mulhouse - Colmar - UL - Université de Lorraine - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement
Jamel Saadaoui: BETA - Bureau d'Économie Théorique et Appliquée - AgroParisTech - UNISTRA - Université de Strasbourg - Université de Haute-Alsace (UHA) - Université de Haute-Alsace (UHA) Mulhouse - Colmar - UL - Université de Lorraine - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement
Moïse Sidiropoulos: BETA - Bureau d'Économie Théorique et Appliquée - AgroParisTech - UNISTRA - Université de Strasbourg - Université de Haute-Alsace (UHA) - Université de Haute-Alsace (UHA) Mulhouse - Colmar - UL - Université de Lorraine - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement
Jamel Trabelsi: BETA - Bureau d'Économie Théorique et Appliquée - AgroParisTech - UNISTRA - Université de Strasbourg - Université de Haute-Alsace (UHA) - Université de Haute-Alsace (UHA) Mulhouse - Colmar - UL - Université de Lorraine - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement

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Abstract: The pandemic crisis constitutes an unprecedented challenge for the European Union and for the Euro Area. Indeed, the European institutional architecture can be viewed as being halfway between an association of sovereign states (like the United Nations) and a politically integrated federation (like the United States). In this original construction, competences on several matters (such as economic, political, social and health issues) are shared at the European level, but also at the national and local levels, in more complex ways than in fully integrated federations. To improve the European Union's resilience to violent external shocks, the main objective of this paper is to determine to what extent these competences should be transferred to the federal level. In this respect, we will consider whether a federal leap is necessary in several areas, namely (i) monetary and fiscal policy (rules), (ii) labor markets policy and social models, migratory flows and skill shortages, and cooperation policy and (iii) renewed industrial policy and exchange rates. Despite a highly uncertain context, we outline some perspectives for the future of the European Union.

Keywords: European union; Pandemic crisis; Economic policy; Resilience; COVID 19 (search for similar items in EconPapers)
Date: 2021-06
Note: View the original document on HAL open archive server: https://hal.science/hal-03196689v2
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Citations: View citations in EconPapers (1)

Published in Eurasian Economic Review, 2021, 11, pp.321-348. ⟨10.1007/s40822-021-00167-4⟩

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Journal Article: Towards a more resilient European Union after the COVID-19 crisis (2021)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-03196689

DOI: 10.1007/s40822-021-00167-4

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