Recent price developments in the euro area demonstrate that deflation is a serious issue of concern. Some euro area countries are already facing a deflation in the usual macroeconomic sense of a 'general price decline'. This article discusses the economic consequences of deflation and suggests...

Productivity-enhancing structural reforms are crucial to the economic prospects of the EU. Indeed, such reforms are even more urgent in the current environment in which many economies are reaching the limits of the policy support they can provide to shore up demand. Moreover, even as some of the...

The current system for the financing of the EU needs to be reformed. This paper puts forth a reform proposal with two important elements: first, the addition of an EU VAT share on receipts; and second, a shift in power from the European Council to the European Parliament with regard to the...

This working paper reviews the evidence on the impact of public R&D spending. The authors first look at the evidence from micro-analysis of the impact of public intervention on private R&D and innovation, with a focus on the latest results from crosscountry micro-research performed within...

On 25 November 2015, the European Union enacted new rules for international mobile roaming (IMR) under Regulation 2015/2120, which seeks to implement a Roam Like at Home (RLAH) regime among the member states of the European Union. Questions remain, however, as to whether it is possible to...

On-track competition in passenger services has traditionally been limited in European railways, with private operators offering marginal services in selected corridors in the UK, Sweden and Germany only. In recent years, a larger scale and more stable wave of open access market entry has...

Accessibility is one of the key aspects of current transport planning, especially in reliance to public transport and pedestrian traffic facilities. This paper deals with this subject by outlining which are or could be the benefits of improved accessibility to the transport system with a special...

More, not less, competition in the EU's gas markets is required to achieve a Single Market and to therefore reduce Europe's vulnerability to gas supply cuts originating in Russia. In particular, the East-West divide within the EU in terms of competition policy revealed in this paper must be...

This paper weighs the case for a free trade agreement (FTA) between the European Union (EU) and Taiwan. It focuses on the role Taiwan has to play in the EU's economic and geopolitical strategy in Asia. Taiwan is one of the key players in the world's Information and Communication Technology (ICT)...