Fiscal policy transparency.

Work carried out by the students of Master 2 in Economics : Victor BaratEstelle CampenetEdeline Chopard-dit-JeanAlex GumustasSarah RosenCélia Stammler On December 9, 2022, the Vice President of the European Parliament was arrested with five people for a corruption case regarding the Football World Cup in Qatar. This affair calls into question the transparency of European institutions, but not only. Agents necessarily become more suspicious of opaque institutions, sometimes leading to uncertainty. In particular, we can be interested in the transparency of economic policies, and more precisely in the transparency of fiscal policy. Government transparency: what does it mean? According...

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Fifth ERMEES Macroeconomics Workshop 2023

The EU in the Age of Permacrisis December 1, 2023, Strasbourg This workshop provides an opportunity for all those interested in European Macroeconomics to discuss their research and to exchange ideas. Researchers are invited to submit both empirical and theoretical papers that are broadly consistent with the workshop’s special topic. This conference will encourage collaborations between theoretical and applied researchers. The conference is sponsored by:  In particular, we welcome papers related to the following fields in European Macroeconomics: Climate change, environment, and energy crisisDigitalization, automation, and growthPolitical tensions, political macroeconomics and geopolitical risksAssessment of recovery plans, public investment strategiesFiscal policy, public debt...

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A few thoughts about the euro

This is it! You now need 1 dollar to buy 1 euro. To get this picture below, I used the FRED connection with Mathematica 13.1, as I explained it in a previous blog. The Wolfram documentation is very clear and self-explaining. You have to register on the FRED website. Beyond these practical aspects, let us come back to the economic meaning of the parity between the euro and the US dollar. Between 2000 and 2003, the euro was below the one dollar threshold, the late John Williamson explained in this article that is it was only a stochastic blip. The rest of the 2000s seem...

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GDRE Photos

The 38th Symposium in Money, Banking and Finance was held in Strasbourg, June 2022, co-organized by BETA and GDRE Money Bankinf and Finance. Photos of GDRE can be viewed...

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Fourth ERMEES Macroeconomics Workshop 2021

The European Economy in the Time of COVID-19: Towards a New Dawn? Friday December 3, 2021, Strasbourg The University of Strasbourg, the BETA research laboratory and ERMEES research team are delighted to announce a one-day macroeconomics workshop to be held on Friday December 3, 2021 in Strasbourg. The COVID-19 pandemic is unprecedented in recent history, the ensuing economic crisis has plunged the world economy into disarray and put the European economy to the test. Despite the suffering and the loss of many lives, this crisis is an opportunity to rethink certain aspects of the European project. In the emergency, unprecedented measures have been put...

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Primary and secondary education in the European Union: 5 questions to understand the heterogeneity of national education systems

As the European Union seeks to boost all possible engines of economic growth, education is among the key factors for a smart and inclusive growth. The start of the new school year is an ideal time to look at the different ways in which education systems operate in Europe. This article provides an overview of national education systems in the European Union, particularly for primary and secondary education

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Next Generation EU: a time-bomb, or a new lease of life?Understanding the EU recovery plan in 5 questions

The European recovery plan, named Next Generation EU, was launched in the heart of the pandemic crisis that began in early 2020. This recovery plan truly represents a project of unprecedented scale in the European construction history. But the EU is a complex thing, difficult to grasp for the uninitiated as the institutional mechanism is so difficult to understand. This recovery plan can be a cornerstone for the future of the European, but can also become the painful indicator of the institutional dysfunctions of the EU. 1. Next Generation EU, what does it mean? Next Generation EU is intended...

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Towards a More Resilient European Union after the COVID-19 Crisis

The pandemic crisis constitutes an unprecedented challenge for the European Union and for the Euro Area. Indeed, European institutional architecture can be viewed as being half-way between an association of sovereign states (like the United Nations, for example) and a politically integrated federation (like the United States for example). In this original construction, competences on several matters (such as economic, political, social and health issues, etc.) are shared at the European level, but also at the national and local levels in more complex ways than in fully integrated federations. To improve the resilience of the European Union to violent external shocks, the main objective of this paper...

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Europe’s Hamiltonian moment… Again

In these dark times of ’Coronacoma’ for the World Economy, the European Monetary Union is on the brink…Again. This time, it could be truly different. Countries opposed to any kind of debt mutualization properly ordered hinder de facto the achievement of a federal leap that it is desperately needed to complete the monetary union. Without this giant leap, there are real risks of implosion for the eurozone and, even, the whole EU. This brief note tries to explain why the US historical experience could be inspiring for Europeans in a situation where the concept of radical uncertainty is especially...

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