This paper reviews the key economic issues concerning the welfare costs of inflation and deflation, with a view to shedding light on the desirable properties of the inflation process. Our review of the evidence on the overall costs of inflation and deflation indicates that such costs could be...

Eurofound has conducted the European Quality of Life Survey EQLS) in 2003, 2007 and 2011. This report compares the results from the three waves to provide evidence of trends and change in the quality of life of Europeans over a decade. It also examines whether differences across EU Member States...

As the European Union grows in size and diversity, it becomes increasingly challenging to summarise the impact of state actions on the lives of citizens. One approach to this complexity is to group countries based on characteristics relevant to quality of life. This report develops a country...

Mit zunehmender Größe und Vielfalt der Europäischen Union wird es immer schwieriger, die Auswirkungen staatlicher Maßnahmen auf das Leben der Bürger zusammenzufassen. Diese Komplexität lässt sich u. a. dadurch angehen, dass Länder anhand von Merkmalen, die für die Lebensqualität von...

This paper presents evidence for structural differences in economic growth dynamics between the current EU and the central- and eastern European accession countries. Two important results emerge from the analysis. First, accession countries have posted higher average growth and wider output...

This paper analyses the link between finance and growth by studying the effect that the process of financial deregulation and harmonisation of banking laws at the EU level has brought about on growth over the last 40 years. Our main findings point to the existence of a positive long-run growth...

The Lisbon strategy could reinvigorate Europeu0092s economy and boost employment. In 2000 the European leaders agreed to stimulate economic growth and employment and make Europeu0092s economy the most competitive in the world. If Europe would really reach the goals they set, Europeu0092s Gross...

The EU has experienced different options to support the emergence of champions: (i) targeted support for strategic sectors and large technology initiatives (e.g. Airbus, Ariane, HDTV and ESPRIT); (ii) a support of declining sectors with the ECSC Treaty; and (iii) an emphasis on horizontal...