How effective are all those billions paid out by the Commission for the Lisbon process in the individual Member States? We apply regression analysis to measure the long-term structural budget problem of the European Union, often called "revenue problem," estimating which rich countries are above...

The economic governance of the European Monetary Union is yearly organized during the so-called European Semester. The improvement of the European Semester is an ongoing process, and some recent propositions must be positively acknowledged. Still, the European Semester and Country Specific...

The economic governance of the European Monetary Union is yearly organized during the so-called European Semester. The improvement of the European Semester is an ongoing process, and some recent propositions must be positively acknowledged. Still, the European Semester and Country Specific...

Starting from Professor Kornai's assertion about the necessity to focus on the long-term perspectives of the transformation process, we analyze in this paper the Lisbon performance of the countries of the European Union from such a long-term, structural perspective. We present in a simple form...