Monitoring Economic Activity in the Euro Area and the European Union PDF Download

Author: European Commission
Publisher:
ISBN:
Category : Economic development
Languages : en
Pages : 10

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Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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Author: Lucrezia Reichlin
Publisher: Centre for Economic Policy Research
ISBN: 1898128839
Category : Business cycles
Languages : en
Pages : 103

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Author: OECD
Publisher: OECD Publishing
ISBN: 9264177442
Category :
Languages : en
Pages : 130

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This handbook is a practical manual on the design and implementation of business tendency surveys, which ask company managers about the current situation of their business and about their plans and expectations for the future.

Author: Pontus Braunerhjelm
Publisher: Centre for Economic Policy Research
ISBN: 9781898128465
Category : Economic Integration
Languages : en
Pages : 142

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Author:
Publisher:
ISBN: 9789268004357
Category :
Languages : en
Pages : 0

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This technical report shows our ongoing work aimed at monitoring societal issues and economic activities (e.g., industrial production, unemployment, loneliness, cultural participation) across EU member states by mining unconventional data sources to complement official statistics. While the latter are often released at a relatively low frequency (e.g., monthly, quarterly or yearly), unconventional data sources are available at very high frequencies, enabling policymakers to grasp sudden changes in the economy and society, and to timely design adaptive policy interventions with the potential of fostering economic growth and societal well-being. Considered unconventional data sources include the Global Dataset of Events, Language and Tone (GDELT), Google Search data, and Dow Jones Data, News and Analytics (DNA). We discuss the potential of these data sets, detailing the steps needed to properly handle, process, and extract useful information from each of them. We also describe the Business Intelligence (BI) dashboards produced to interact and visualize the signals drawn from the data, which have been also publically released within both the Joint Research Centre Data Catalogue and the European Data portal. Finally, we show an early experiment aiming at nowcasting unemployment in Germany, Spain, France, and Italy, demonstrating the added value of these unconventional data to proxy social and economic activities for the benefit of both scholars and policymakers.

Author: Angana Banerji
Publisher: International Monetary Fund
ISBN: 1513537652
Category : Business & Economics
Languages : en
Pages : 41

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The momentum for structural reforms is waning in the euro area at a time when even faster progress is needed to boost productivity and growth, achieve real economic convergence, and improve the resilience of the monetary union. What can the European Union (EU) institutions do to bridge this divide? This paper argues for greater simplicity, transparency and accountability in the EU governance framework for structural reforms. Our three interrelated proposals—“outcome-based” benchmarking; better use of existing EU processes to strengthen oversight and reduce discretion; and improved financial incentives—could help advance reforms. Ex post monitoring by an independent EU-level “structural council” and ex ante policy innovation by national productivity councils could strengthen accountability and ownership. Deeper governance reforms should be considered in the medium-term with a view toward a greater EU role in promoting convergence.

Author: Alberto Alesina
Publisher: University of Chicago Press
ISBN: 0226012859
Category : Business & Economics
Languages : en
Pages : 477

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It is rare for countries to give up their currencies and thus their ability to influence such critical aspects of their economies as interest and exchange rates. Yet ten years ago a number of European countries did exactly that when they adopted the euro. Despite some dissent, there were a number of arguments in favor of this policy change: it would facilitate exchange of goods, money, and people by decreasing costs; it would increase trade; and it would enhance efficiency and competitiveness at the international level. A decade is an ideal time frame over which to evaluate the success of the euro and whether it has lived up to expectations. To that aim, Europe and the Euro looks at a number of important issues, including the effects of the euro on reform of goods and labor markets; its influence on business cycles and trade among members; and whether the single currency has induced convergence or divergence in the economic performance of member countries. While adoption of the euro may not have met the expectations of its most optimistic proponents, the benefits have been many, and there is reason to believe that the euro is robust enough to survive recent economic shocks. This volume is an essential reference on the first ten years of the euro and the workings of a monetary union.

Author: European Commission. Directorate-General for Economic and Financial Affairs
Publisher:
ISBN:
Category : Debts, Public
Languages : en
Pages : 50

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"The design of the initial scoreboard is presented in the first Alert Mechanism Report (AMR) issued by the Commission on 14 February 2012. This paper adds to the AMR by describing in more detail the rationale of the different indicators, the choices made in the selection process and how they should be economically understood in the context of the MIP. The scoreboard consists of a set of ten indicators with indicative thresholds: two indicators aim at monitoring external positions, three indicators capture competitiveness developments and the subsequent five indicators reflect internal imbalances." (EU Bookshop).

Author: Filippo Altissimo
Publisher:
ISBN:
Category : Business cycles
Languages : en
Pages : 68

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