The cyclically-adjusted budget balance (CAB) plays a key role in the fiscal surveillance framework of the Economic and Monetary Union. It started off in a supporting role in the shadow of the headline deficit and, before long, turned into the linchpin of the rules and requirements of the...

The first part of this paper focuses on competition between search engines that match user queries with webpages. User welfare, as measured by click-through rates on top-ranked pages, increases when network effects attract more users and generate economies of scale in data aggregation. However,...

To ensure a smooth functioning of the Economic and Monetary Union, the Stability and Growth Pact defines limits on national fiscal policies and encompasses the possibility to impose sanctions. This short piece explores the much under-examined issue of enforcement of the EU fiscal rules. In the...

This study for the European Parliament Policy Department examines the regulation for a European Health Data Space (EHDS), proposed by the European Commission in May 2022. The EHDS introduces mandatory rules for electronic health record to facilitate user access and portability of personal health...

This paper examines some key features of the proposed European Union Data Act (European Commission, 2022a). It gives users of tangible digital products and devices access and portability rights to the data generated by their use. This is a pro-competitive measure that weakens the de-facto...