Showing 1 - 9 of 9
Jean Pisani-Ferry and André Sapir believe that the euro has proved attractive as a fair-weather currency for countries … succeed as a stormy-weather currency. The authors already detect, howevever, that the crisis shows the euro-area governance …
Persistent link: https://www.econbiz.de/10010273697
André Sapir produced this short paper at the request of Commissioner Mandelson for the Expert Seminar on Trade Defence Instruments at the European Commission.
Persistent link: https://www.econbiz.de/10010293551
This paper discusses the creation of a European Banking Union. First, we discuss questions of design. We highlight seven fundamental choices that decision makers will need to make: Which EU countries should participate in the banking union? To which categories of banks should it apply? Which...
Persistent link: https://www.econbiz.de/10010293555
Jean Pisani-Ferry and André Sapir call for more focused guidelines in Lisbon 2, an explicit methodology for evaluating National Reform Programmes, and better ownership of these programmes to encourage national debate on key areas of underperformance in member states. This paper, prepared at the...
Persistent link: https://www.econbiz.de/10010293590
This paper provides a summary of current knowledge on inflation persistence and price stickiness in the euro area … are - i) Under the current monetary policy regime, the estimated degree of inflation persistence in the euro area is … moderate; ii) Retail prices in the euro area are more sticky than in the US; iii) There is significant sectoral heterogeneity …
Persistent link: https://www.econbiz.de/10011606198
Current best practice in central banking views a high level of monetary policy predictability as desirable. A clear distinction, however, has to be made between short-term and longer-term predictability. While short-term predictability can be narrowly defined as the ability of the public to...
Persistent link: https://www.econbiz.de/10011606235
assessment of state aid cases, managed to avoid single market distortions and mitigate moral hazard. This Policy Contribution …
Persistent link: https://www.econbiz.de/10010273715
the single market to make it conducive for research and innovation and to remove barriers that hinder dynamic …
Persistent link: https://www.econbiz.de/10010277037