An overview of economic developments in candidate and pre-candidate countries.
European Business Cycle Indicators - 4th Quarter 2021 Focus on investment activity and business sentiment across subsectors after COVID (21/01/2022)
The special topic in this EBCI takes a look at detailed business survey data for individual branches so as to identify which activities have been most or least affected since the beginning of the COVID crisis. It turns out that sentiment among managers in contact-intensive services was hardest hit in the first two COVID-waves and, following a steep rebound in spring/summer, again took a hit in the current COVID wave. By contrast, business sentiment in industry has in almost all cases fully recovered from the steep fall suffered during the initial COVID wave.
Industrial Policy for the 21st Century: Lessons from the Past (19/01/2022)
This paper provides a review of past experiences with industrial policy from around the world in order to sift out key lessons to inform the design of a successful European industrial policy.
Understanding the Political Economy of Reforms. Lessons from the EU (13/01/2022)
This Brief focuses the main political economy factors influencing the implementation of reforms, also in the context of the recovery from Covid-19 crisis.
Immovable Property Taxation for Sustainable and Inclusive Growth (10/01/2022)
This paper provides an overview of recurrent property taxation in EU Member States and investigates ways in which recurrent property taxation can maintain economic efficiency, help reduce inequality and support environmental goals.
Does Media Visibility Make EU Fiscal Rules More Effective? (21/12/2021)
This paper explores, through the use of the Commission’s data mining technology, whether media visibility of fiscal rules and fiscal councils has an impact on compliance with the EU fiscal rules.
Public Investment Management in the EU: Key Features and Practices (20/12/2021)
The paper presents the theory of public investment management through a review of the literature. It discusses its main components, strengths and weaknesses of the process and provides specific country examples.
Quarterly Report on the Euro Area (QREA), Vol. 20, No. 3 (2021) (08/12/2021)
QREA Volume 20 N. 3 (2021) provides an analysis of the macroeconomic effects of the Recovery and Resilience Facility, the stabilising impact of EU bond issuance on sovereigns and banks, the fiscal sustainability risks stemming from possible pension policy reversals, and a general assessment of the macroeconomic effects related to the introduction of a retail Central Bank Digital Currency, as well as a brief overview of recent major policy developments.
The Sectoral Impact of the COVID-19 Crisis. An Unprecedented and Atypical Crisis (08/12/2021)
This paper discusses the impact of the COVID-19 crisis on the economic activity across sectors in Europe.
