Productivity-enhancing structural reforms are crucial to the economic prospects of the EU. Indeed, such reforms are even more urgent in the current environment in which many economies are reaching the limits of the policy support they can provide to shore up demand. Moreover, even as some of the...

The German federal government's fiscal consolidation package, announced in June, is designed to permanently reduce the federal deficit to a new target level. This article uses a three-region version of the European Commission's QUEST model to gauge the impact of the package on Germany and the...

This paper assesses the role of labour mobility in the adjustment to asymmetric economic shocks in the EU. After presenting a series of stylised facts of mobility in the EU, it assesses mobility as a channel of economic adjustment by means of a vector autoregression (VAR) analysis in the vein of...

Der russisch-ukrainische Krieg hat eine lebhafte Debatte über die angemessenen sanktionspolitischen Möglichkeiten Deutschlands bzw. der Europäischen Union ausgelöst: Idealerweise sollten Sanktionen Russland erhebliche wirtschaftliche Kosten auferlegen und dazu beitragen, die Fähigkeit und...