Inspired by a European spirit, the EU's national economic and social councils and the EESC worked together tirelessly to create a European network of economic and social councils. Thanks to the commitment of the presidents and members of all the councils, the network has helped forge systematic...

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...

Social expenditure in Poland appears to increase regional employment disparities. In particular, the farmers' social fund (KRUS) seems to contribute to the rising regional dispersion in the number of recipients of social transfers. This is the result of KRUS benefits being poorly related to...

A central puzzle in international finance is that real exchange rates are volatile and, in stark contradiction to effcient risk-sharing, negatively correlated with cross-country consumption ratios. This paper shows that incomplete asset markets and a low price elasticity of tradables can account...

In this note we demonstrate that in affine models for bilateral exchange rates, the nature of return interdependence during crises depends on the tail properties of the fundamentals' distributions. We denote crisis linkages as either strong or weak, in the sense that the dependence remains or...

Many people in Europe do not receive the social benefits to which they are entitled. This is the case across countries and for many types of benefits. Addressing this ‘non-take-up’ of benefits is critical for two key reasons: benefits do not fulfil their objective if they do not reach the...

Youth unemployment policy has tended to focus on two groups: young people with low educational attainment and those with higher education who have failed to find work. However, there is a large group of middle attainers who tend to be overlooked by policy – young people who have completed...

This Regional Strategy Paper (RSP), the second for Mercosur, provides a strategic framework for EC cooperation with Mercosur for the period 2007-2013. The RSP has been prepared following a consultation process involving Mercosur member states and civil society actors. EC-Mercosur relations are...