- How Dependent is the German Economy on China?
- Reforming Economic Governance in the Eurozone
- The Added Value of the European Recovery Fund
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Pillars-EconPol Conference on European Labor Markets
The convergence of big data, artificial intelligence and extreme automation has proved highly disruptive to labor markets not just in Europe, but around the world. Which skills will be required in the future? What will future labor markets even look like? And what kind of EU-initiatives, labor market policies and reforms to education and training systems can ease the creation and adoption of such skills in Europe?
These are some of the key issues to be addressed by the “European Labor Markets: Mastering Technological and Structural Change” conference, to be held in Brussels on July 11-12 at the Representation of the Free State of Bavaria to the EU.
Online registration is open until 6 July 2022. See full program here.
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How Dependent is the German Economy on China?
In recent decades, China has risen to become Germany’s most important trading partner for international trade in goods. Has the largest economy of Europe become too dependent from trade with China? In their EconPol Policy Report Lisandra Flach and Andreas Baur analyses direct and indirect value-added linkages along the supply chain. They show that China plays an important, but by no means dominant role for Germany as a supplier or destination market. However, 46% of German firms in the manufacturing sector state that they currently depend on important intermediate inputs from China.
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Reforming Economic Governance in the Eurozone
How to deal with the already-high levels of national debt in the view of rising inflation in the eurozone? In his new Policy Brief Clemens Fuest argues that giving governments more debt leeway is the wrong way to go. Fiscal policy coordination should instead focus more on reallocating public expenditure and thus on increasing its quality rather than its quantity.
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The Added Value of the European Recovery Fund
How do national governments use funds from the European Recovery and Resilience Facility? The new EconPol Policy Report conducts an in-depth analysis of the national recovery and resilience plans of Austria, Belgium, and Germany. The results suggest that the EU funds are extensively used to replace national spending that governments would have made anyway. The share of new investment projects is smallest in Germany (52%) and highest in Belgium (77%). Austria ranks in the middle with 54%.
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EconPol is CESifo’s economic policy platform. With key support from the ifo Institute, it seeks to leverage CESifo’s globe-spanning network of 1 800 high-ranked economists – eleven of whom have won the Nobel Prize – and ifo’s decades-deep research expertise to provide well-founded advice to European policymakers.
Drawing on the wide range of specializations of its members, EconPol’s mission is to contribute to the crafting of effective economic policy in the face of the rapidly evolving challenges faced by the European Union, to the ultimate benefit of all its member states.
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