This item has no abstract

MANY governments think they could not secure the support of domestic producer interests for the trade-liberalizing agreements they negotiate with other countries without provisions in them that permit a degree of flexibility in implementing the core obligations they undertake in the event of...

This item has no abstract

Two stylized facts emerge as we observe the evolution of public finances in the past few years. The first is a general trend towards a deterioration of fiscal positions, mainly due to cyclical factors (the persistently deceiving growth performance of the Euro zone). The second, a remarkable lack...

Pour analyser le rôle joué par la Commission dans les politiques étrangères européennes, nous montrons comment la Commission peut élargir ses compétences en utilisant ses droits en tant que gardienne des traités. L’étude de cas de la politique européenne en matière d’aviation...

The internal market for services, which are estimated to account for 60 to 70 per cent of economic activity in the European Union, is still rife with legal and administrative barriers to cross-border trade. The problems involved in integrating national services markets into one large internal...

Housing and labor markets exhibit many similarities. First, information is imperfect. Tenant quality, like worker quality, is unobserved. Second, separation is costly and time consuming. The laws and regulation typically complicate or slow down the termination process of the contractual...

this item has no abstract

The sustainability of Welfare States requires high employment/high participation to raise the tax base and avoid distortions. To analyse labour market participation decisions in a world with market frictions, we propose and solve a three-state macro model of the labour market. We show that...

Taxation is high in EU countries. Tax-to-GDP ratios stand at around 40% compared with 25% in Japan and the US. This high level of taxation provides the funding of the European social model characterised by a high level of public expenditure and transfers. Apart from governing powers (armed...