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Searched for European Fiscal Board.
Found 509 results.
Displaying results 1 to 10 of 509.
Found 509 results.
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Projects // 01.02.2025
The ECB has become a significant fiscal actor through its bond-purchase programs, which commenced in 2010 and culminated in the 2022 decision regarding the Transmission Protection Instrument (TPI). [...] conflict with the Maastricht monetary order and have prompted a debate regarding the extent to which fiscally motivated considerations of high sovereign debt could increasingly influence monetary policy decisions [...] ECB's primary objective. In light of the ongoing debate surrounding the potential risks of a fiscal dominance regime, this research project aims to achieve two key objectives: firstly, to advance
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News // 21.10.2024left unsaid, but my impression was that the conversations were very candid. We talked about US and European relations with China and what to expect if Trump is re-elected. Many think tanks have a clear mission [...] lectures and meeting colleagues. The other half was spent visiting institutions. I gave talks on European economic and climate policy, discussed ZEW’s research topics and took part in lunch debates on current [...] recent crises, the government has been quick to engage with researchers and take their arguments on board. You’ve repeatedly mentioned the close exchange between science and politics that’s typical in the
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Publications // 06.10.2024
We use data on speeches held by members of the European Central Bank's (ECB) Executive Board to analyze whether the clarity of central bank communication has increased over time. Employing readability [...] since the inception of the ECB. The increase is gradual rather than being induced by changes in the board composition or major macroeconomic events. We also show that clarity is higher for speeches aimed
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News // 26.09.2024The European economy is facing major challenges. The report presented by Mario Draghi at the beginning of September analyses the current economic situation and points out urgent areas for action. In it [...] it, the former ECB President warns of an ‘existential challenge’ for the European economy. Draghi has over 170 recommendations for Europe as a business location, including investment of up to 800 billion [...] focus was particularly on the topics of security, innovation, decarbonisation, industrial policy and fiscal policy. The entire panel discussion is available as a video here.
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News // 25.09.2024policy that uses subsidies wisely to strengthen European interests without escalating international conflicts. - It’s not without a certain irony: the European Commission is imposing (WTO-compliant) punitive [...] need for a more flexible state aid governance framework as part of a new industrial policy, giving European states more freedom to support their companies. So, basically, subsidising is only bad if it’s done [...] subsidise their solar industry so that the EU can benefit from cheaper solar panels, that’s good for Europeans who want to install them on their homes. Another argument comes into play: the overarching goal
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Press Releases // 10.09.2024Mario Draghi has presented the long-awaited report on European competitiveness, which he handed over to the recently re-elected President of the European Commission, Ursula von der Leyen. Friedrich Heinemann [...] reversal in the recognition of responsible versus irresponsible fiscal policy. Unfortunately, the call to set priorities for European public goods in the EU budget is far too vague. A bolder report might [...] finance European public goods, it was repurposed into a transfer instrument for financially distressed Member States, with its success now questioned by evaluations, such as that of the European Court of
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Publications // 05.08.2024
S. companies are dominant players in the development of AI models, Europe is lagging behind. The European Union has agreed on the AI Act in order to allow for innovation, in particular for SMEs, and [...] of the Commission of Experts for Research and Innovation (EFI) as well as the Scientific Advisory Board of the German Ministry of Economic Affairs and Climate Action.
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Press Releases // 08.07.2024
French election result represents a looming departure from France’s previous economic and European policy of fiscal responsibility. The expected further deterioration of French public finances would be clearly [...] German government would back the financial policy of a fiscally populist France through higher German EU guarantees without voter backlash. The European Commission and the ECB now face pressing questions about [...] control in the second-round ballot. Europe is heading towards very serious conflicts and decisions on fiscal policy with uncertain outcomes. Although there is relief that a government majority of the xenophobic
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Press Releases // 15.07.2024regions of the EU and to promote catch-up processes in the least developed regions. New and significant fiscal demands on the EU budget, related to defence needs and resources required for climate action, raise [...] by researchers at ZEW Mannheim as part of an extensive research project conducted with a team of European policy experts and funded by the German Federal Ministry of Finance (BMF). The project concluded
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Events // 15.07.2024
present their findings and hand over the report to Elisa Ferreira, European Commissioner for Cohesion and Reforms, and to Johannes Hahn, European Commissioner for Budget and Administration. German Federal [...] Cohesion Policy is an important element of European solidarity. At the same time, it absorbs a significant share of the EU budget at a time when the EU is facing major new spending needs. But what