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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
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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
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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
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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
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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
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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
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Fiscal devaluation in a Monetary Union
Engler, Philipp; Ganelli, Giovanni; Tervala, Juha; … - 2013
Between 1999 and the onset of the economic crisis in 2008 real exchange rates in Greece, Ireland, Italy, Portugal and Spain appreciated relative to the rest of the euro area. This divergence in competitiveness was reflected in the emergence of current account imbalances. Given that exchange rate...
Persistent link: https://www.econbiz.de/10010221275
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Fiscal policy and the assessment of output gaps in real time : an exercise in risk management
Larch, Martin; Cugnasca, Alessandro; Kumps, Diederik; … - 2019
Fiscal policymakers are expected to conduct countercyclical policies to mitigate cyclical fluctuations of output, but the assessment of cyclical conditions in real time is subject to considerable uncertainty. They face two types of risk: (i) launching discretionary measures to support or dampen...
Persistent link: https://www.econbiz.de/10011999053
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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
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Fiscal devaluation in a monetary union : conference paper
Engler, Philipp; Ganelli, Giovanni; Tervala, Juha; … - 2014
Between 1999 and the onset of the economic crisis in 2008 real exchange rates in Greece, Ireland, Italy, Portugal and Spain appreciated relative to the rest of the euro area. This divergence in competitiveness was reflected in the emergence of current account imbalances. Given that exchange rate...
Persistent link: https://www.econbiz.de/10010487256