This book explores the diverse challenges facing the EU and in particular examines the impediments to financial stability and sustainable growth and how these can be overcome. Among the topics explored are the extent to which monetary union has favored real convergence, competitive imbalances in...

This paper presents new approaches to investigating economic growth and innovation activity as well as analyzing investment in R&D needs and efficiency in the context of contemporary challenges for European integration. Our research modeled the impact of R&D investment on GDP growth under broad...

Economic policy in the EU faces a trilemma of solving three challenges simultaneously - growth, distribution, and the environment. In order to assess policies that address these issues simultaneously, economic models need to account for both sector-sector and sector-environment feedbacks within...