For decades, the Common Agricultural Policy came in for a significant amount of criticism for consuming a disproportionate share of the EU budget, introducing market distortions, wasting government funds and contributing to rural inequities. Nevertheless, it survived many attempts to abolish it,...

In this paper we study the implications of the introduction of the co-decision procedure for the European Union's Common Agricultural Policy and its refirm. We use a game-theoretical model of the legislative procedures in the European Union and show that the move from consultation to co-decision...

In this paper we study the implications of the introduction of the co-decision procedure for the European Union's Common Agricultural Policy and its reform. We use a game-theoretical model of the legislative procedures in the European Union and show that the move from consultation to co-decision...

This article presents a political economic analysis of exit from federations. Over time, members' benefits from being in a federation can fluctuate because of changes in the state of the world. If a member stops benefitting, it may wish to secede i.e. exit the federation. Based on a real options...

The EU Green Deal aims to promote healthier diets that include more nutritious and natural foods instead of ultra-processed products. EU geographical indications (GIs) protecting traditional foods such as Roquefort cheese or Parma ham will be reinforced under the corresponding 'Farm to Fork...

This paper studies the effects of fiscal rules on public investment. Economists argue that fiscal rules decrease public investment, as it is easier for governments to lower public investment than current expenditures. This paper presents an empirical assessment of the relationship between fiscal...

In October 2011 the European Commission presented a set of legal proposals designed to make the Common Agricultural Policy more effective. Pending a debate in the European Parliament and the Council, approval is expected by the end of 2013. This Forum aims to identify the proposals' shortcomings...