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Priming the COVID-19 pandemic increases altruism and reciprocity towards compatriots, citizens of other EU countries, and non-EU citizens. This is one key result of a large-scale survey experiment conducted by EconPol Europe network members in nine European countries in August 2020. The study also finds that priming common European values boosts altruism and reciprocity, but only towards compatriots and fellow Europeans. In contrast, priming common economic interests has no tangible impact on behaviour. The survey experiment provides novel evidence on how trust, reciprocity, and altruism are affected by a major health crisis (COVID-19), common economic interests (EU trade) and shared values (EU ideals).
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The OECD should consider simpler rules for allocating profits and taxing rights to countries where international companies have their markets, according to this latest EconPol Policy Brief. In its proposal on new nexus and profit allocation rules in the digital economy, the OECD has suggested that taxing rights of multinational companies should be allocated using a revenue-based formula. Instead, the OECD should apply more practical rules that rely on unilateral profit splitting and do not require uniform international rules on accounting, argues Wolfram Richter.
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SAVE THE DATE | EconPol Europe Annual Conference 2021 | 13–14 October
We are happy to announce EconPol’s fifth annual conference to take place on 13 and 14 October. Depending on the further development of the pandemic, the conference will either be hybrid or exclusively online. The theme of this year’s conference will be ‘The State of Fiscal Resilience – How Prepared is Europe for Future Crises’ with a panel debate on ‘Fiscal Policy for the Post-Covid Era: US versus EU’. The detailed conference agenda is still under development. We’ll share further details as soon as possible.
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EconPol/Intereconomics @ CEPS Ideas Lab | 3 June, 3.30-5pm (CET)
EconPol and Intereconomics will host a session at CEPS Ideas Lab on 3 June, 3.30–5pm (CET) on the topic „Fiscal Stimulus: Lessons from the US to Europe“ with Antonia Díaz (Carlos III University of Madrid), Daniel Gros (CEPS Brussels), Adam Posen (Peterson Institute for International Economics) and Claudia Sahm (Jain Family Institute, formerly Federal Reserve Board). By invitation only.
More information
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ifo Conference on Genes, Social Mobility, and Inequalities across the Life-Course | 1 – 2 July
ifo Institute will hold an online conference on „Genes, Social Mobility, and Inequalities across the Life-Course“. Researchers will discuss how genetic endowments and childhood circumstances shape health and socio-economic outcomes of individuals. The conference will also assess the scope for public policy to level the playing field.
More information on speakers and panels
Registration
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Reminder | Call for Papers | 9th UECE Conference on Economic and Financial Adjustments | 30 July
Researchers are invited to submit proposals on the following topics before 25 June: economic and financial adjustments, economic imbalances, country issues, challenges to monetary policy and fiscal policies. The 9th UECE Conference on Economic and Financial Adjustment will be held in Lisbon (on campus and online) on 30 July.
Call for papers and more information.
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Review | ZEW and EconPol Research Seminar: Coping with Post-Covid Sovereign Debt Levels in the Euro Area
For all those who could not participate in our joint ZEW/EconPol Research seminar on 28 April, and for all those who could, here is a summary of the main takeaways from the keynotes and the panel discussion. There was general agreement among the panelists that the ECB cannot ensure low interest rates in the long run and that it is crucial for economic recovery to stimulate the private sector.
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