Working Papers


  • 24-July-2018

    English

    Stabilisation policies to strengthen Euro area resilience

    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.

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  • 24-July-2018

    English

    Building a stronger and more integrated Europe

    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).

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  • 27-July-2016

    English

    Making public finances more growth and equity-friendly in the euro area

    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

    Priorities for completing the European Union's Single Market

    To support the recovery, structural reforms that yield short-run as well as long-run gains should be prioritised.

  • 10-September-2014

    English

    Reinvigorating the EU Single Market

    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.

  • 10-January-2014

    English, PDF, 1,050kb

    WORKING PAPER N° 155 Migration as an adjustment mechanism in the crisis? A comparison of Europe and the United States

    Whether migration can be an equilibrating force in the labour market is an important criterion for an optimal currency area. The migration reaction to high labour market disparities is of interest particularly within the Eurozone, which lacks an exchange-rate mechanism. This paper compares pre- and post-crisis migration movements at the regional level in both Europe and the United States.

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  • 2-July-2012

    English

    Europe's new fiscal rules

    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".

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  • 15-April-2011

    English

    The Political Economy of Services in Regional Trade Agreements

    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.

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  • 11-April-2011

    English

    Transparency Mechanisms and Non-Tariff Measures: Case Studies

    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.

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  • 15-December-2010

    English

    International financial integration and the external positions of euro area countries

    This paper describes the dynamics of the external positions of euro area countries since the formation of EMU.

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