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Evidence-based policy or beauty contest? : an LLM-based meta-analysis of EU cohesion policy evaluations

Asatryan, Zareh; Birkholz, Carlo; Heinemann, Friedrich - 2024

Independent and high-quality evaluations of government policies are an important input for designing evidence-based policy. Lack of incentives and institutions to write such evaluations, on the other hand, carry the risk of turning the system into a costly beauty contest. We study one of the...

Persistent link: https://www.econbiz.de/10014574916

The importance of EU cohesion policy for economic growth and convergence

Ehrlich, Maximilian von - 2024

This chapter discusses factors that contributed to different economic dynamics across European regions and the prevailing disparities. The impact of EU Cohesion Policy in reducing disparities is studied based on the empirical evidence on the effects of EU regional policy. With more than thirty...

Persistent link: https://www.econbiz.de/10014577539

Constraining and enabling factors of a successful regional policy in Europe

Fratesi, Ugo - 2024

Recent papers show that the impact of Cohesion Policy is not uniform in space but larger, smaller or insignificant depending on the regions. These outcomes mostly depend on the characteristics of each territory (conditioning factors). This paper reviews them and investigates, through descriptive...

Persistent link: https://www.econbiz.de/10014631792

The fiscal architecture of the EU cohesion policy

Thöne, Michael - 2024

convergence and cohesion policies. In several steps, Cohesion Policy is examined in its function as a European financial …

Persistent link: https://www.econbiz.de/10014575930

The distributional effects of place-based policies in the EU

Lang, Valentin - 2024

This chapter examines the distributional effects of place-based policies in the EU. In a first step, it characterizes existing income inequalities in the EU and distinguishes between their interregional and intraregional dimensions. A key result is that inequalities within European regions make...

Persistent link: https://www.econbiz.de/10014577516

German and the rest of euro area fiscal policy during the crisis

Gadatsch, Niklas; Hauzenberger, Klemens; Stähler, Nikolai - 2015

We present the estimated large-scale three-region DSGE model GEAR picturing Germany, the Euro Area and the Rest of the world. Compared to existing models of this type, GEAR incorporates a comprehensive fiscal block, involuntary unemployment and a complex international structure. We use the model...

Persistent link: https://www.econbiz.de/10010516561

Thoughts on a fiscal union in EMU

Gadatsch, Niklas; Hollmayr, Josef; Stähler, Nikolai - 2016

Using an estimated large-scale New-Keynesian model, we assess welfare and business cycle consequences of a fiscal union within EMU. We differentiate between three different scenarios: public revenue equalisation, tax harmonisation and a centralised fiscal authority. Relative to the status quo,...

Persistent link: https://www.econbiz.de/10011546743

EU regional policy : its theoretical foundations and their policy conclusions revisited

Schmidt, Peter - 2014 - Draft

This paper reconsiders the theoretical foundations of EU regional policy in economics. It begins with a discussion of the line of thought of its prevalent explanation in equilibrium economics which is focusing on market failures as its key underpinning and which is the major toolkit of...

Persistent link: https://www.econbiz.de/10011487099

The EU structural funds as a means to hamper migration

Schmidt, Peter - 2012

convergence or economic cohesion, respectively. Following this strand of theory no regional policy is needed to achieve … convergence among the regions or nations of a common market. Thus, comparing the two internal markets, the question comes up if … inhibiting internal migration, which is one of the key measures in achieving convergence among the nations in the Single European …

Persistent link: https://www.econbiz.de/10011515661

Budget-neutral labour tax wedge reductions : a simulation-based analysis for selected euro area countries

Attinasi, Maria-Grazia; Prammer, Doris; Stähler, Nikolai; … - 2016

Budget-neutral tax wedge reductions rank high in the policy agenda of several EMU member states. Using a New Keynesian DSGE model of a monetary union with a complex labour market structure and a comprehensive public sector, we evaluate the macroeconomic and welfare effects of reducing the firms'...

Persistent link: https://www.econbiz.de/10011518187