income shock in the EU, compared to 32 per cent in the US. In the case of an unemployment shock 47 per cent of the shock are … absorbed in the EU, compared to 34 per cent in the US. This cushioning of disposable income leads to a demand stabilization of … up to 31 per cent in the EU and up to 28 per cent in the US. There is large heterogeneity within the EU. Automatic …

study the economic effects of introducing two elements of a fiscal union: Firstly, an EU-wide tax and transfer system and … secondly, an EU-wide system of fiscal equalisation. Using the European tax-benefit calculator EUROMOD, we exploit … countries. These effects depend on income levels and the structures of the existing national tax and transfer systems. The EU …

affected the cushioning of income shocks in the Euro zone and the EU-27 in the period 2007-2014. We propose a new summary …

This paper discusses the introduction of new own resources to finance the EU budget. Currently roughly two thirds of … criticised for leading to political debates that emphasise the cost of EU spending rather than on the benefits, and for … contributing to the framing of discussions on the EU budget in terms of net balances, rather than value added through common …

trade policy scenarios that may arise from new geopolitical risks. We describe the EU’s recent decline in importance as an … international trading partner, while for the EU itself global trade dependency has increased. We show that this dependence is highly … economic impact of several policy-driven de-globalization scenarios for Europe, for individual EU member states, different …

From the earliest announcement of the European Green Deal, the current EU political cycle has been defined by an … engage stakeholders, including various external shocks, the EU has put forward and largely passed an unprecedented … legislative agenda, which was meant to have, and is having, deep impacts on the EU economy and society at large. Much has changed …