US poverty is much higher than poverty in Europe when a relative poverty measure is used. Using an absolute poverty measurement method, the picture looks different: poverty in some European countries is higher. This paper estimates poverty rates for all the countries of the (old) EU and the USA...

Official poverty methodologies differ from other poverty measurement methods in the sense that the official ones are more often used as a benchmark to develop new policies as well as to evaluate the performance of existing programs. Europe has the tradition and the practice to use relative...

The recent global financial crisis has had a diverse effect on countries’ fiscal stance, especially throughout the EU. This paper examines the impact of macroeconomic shocks, including those to government revenues and expenditures, on EU countries’ fiscal stance, on aggregate, and within the...

In 2004, Frits Bolkenstein, former European Commissioner for the Internal Market, brought in the attention of the European Commission “The Services Directive in the Internal Market”. The purpose of this directive was to liberalize the services’ market in the EU, a major regulated field,...

The energy security is a growing concern both of the EU governments, and of Brussels. The European officials have been working on a strategy that should ensure the energy security of the Union. Some of the main courses of action are as follows: increasing the energy output from regenerative...

This paper investigates the effect of aggregate shocks on the fiscal stance of the EU, and of its old (OMS) and new (NMS) member states over a business cycle. The fiscal stance is measured by the government deficit. To study the impact of aggregate shocks, we use impulse responses derived from a...