News Archive

News Frims and Taxes

Tax Incentives Boost Innovation

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EconPol Forum
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Research funding via the tax system has a positive effect on investment in innovation projects. This is the finding of a metastudy conducted by the ifo Institute that summarizes findings on quantitative evaluation studies in Europe, Japan, Canada, China, Australia, and the United States. In the study, success was most evident in those countries that incentivized research and development expenditure through the tax system, for example by offering tax credits or special depreciation options for material or personnel costs.

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News Euro Coins Gear

The Reform of the EU Fiscal Rules

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EconPol Forum
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Experience with European fiscal rules has shown that European rules cannot prevent member states from accumulating high debt levels if they want to. The fact that the ECB increasingly positions itself as a fiscal bailout mechanism implies that the risk of short-term fiscal crises due to a collapse of confidence in capital market declines. But this comes at the cost of further weakening incentives for fiscal discipline. A reform of economic governance should place emphasis on enhancing fiscal discipline and responsibility.

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News EconPol Forum 4/23

Reform of the EU Economic Governance

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EconPol Forum
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Europe is facing a whole new set of challenges: The cost of living is rising, war is on our doorstep, and an environmental turnaround is needed. How should the EU framework for economic governance change to make Europe stronger, more sustainable and more resilient? The European Commission has recently developed guidelines for a reformed economic governance framework. In March 2023, the European Council endorsed these guidelines. They aim at strengthening national ownership and facilitating the enforcement of projects.

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Mercosur Flag

Integration of Mercosur in the Global Economy

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Policy Report
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More than twenty years after the beginning of negotiations, a new window of opportunity seems to have opened for the ratification of a trade agreement between the European Union and Mercosur. For Mercosur, this comes at a crucial juncture in its integration process: the future of the South American trade bloc appears to be more uncertain than ever, with member states holding diverging views on Mercosur’s objectives. Thirty years after its foundation, the original goals of Mercosur’s integration process have been only partially achieved.

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