Publications in: Economic Policy

International Role of the Euro

A greater international role for the euro is a key strategic element in safeguarding European economic sovereignty. However, achieving and then maintaining that role will be no easy feat. In this paper, Kris Best identifies the major roadblocks in the debate and discusses the challenges that a stronger international role for the euro would pose for the euro area. more

Rules enforcement in the EU: conditionality to the rescue?

Budget conditionality has become a key issue in the ongoing debate on the next multiannual financial framework. Some regard it as the EU's silver bullet against member states that refuse to implement EU values, rules and decisions. Others fear excessive interference in national competences. In this policy paper, Jörg Haas and Pola Schneemelcher examine what conditionality means in the EU context and whether it really improves the enforceability of EU rules and values. more

Mainstreaming innovation funding in the EU budget

This study provides a comprehensive assessment of how the EU budget supports innovation in the current programming period and analyses the approach to innovation financing in the Commission´s MFF 2021-2027 proposals. The findings provide the basis on which to draw recommendations to maximize the use of EU innovation funding in the coming MFF. more

Five reasons why the ESM reform will fail to deliver

In this policy brief, Lucas Guttenberg looks at the planned reform of the European Stability Mechanism (ESM). He argues that while the reform is necessary to finally bring home the backstop for banking union, it clearly falls short of its initial ambition to also substantially improve the Eurozone’s crisis management framework. more

Users, Data, Networks. Taxing the Digital Economy.

The fair taxation of digital companies has been high on the European policy agenda since last year. One of the central problems of the issue is that the current rules on the taxation of companies in the EU are not taking due account of digital value creation. In this paper, Pola Schneemelcher and Paul-Jasper Dittrich analyse this problem and make a proposal on the taxation of digital value creation in the Single Market. more